Wealthfront Advisers LLC Takes Position in Dayforce Inc (NYSE:DAY)

Wealthfront Advisers LLC bought a new position in shares of Dayforce Inc (NYSE:DAY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 166,643 shares of the company’s stock, valued at approximately $12,105,000.

Several other institutional investors and hedge funds have also bought and sold shares of DAY. Farther Finance Advisors LLC acquired a new position in Dayforce during the third quarter worth $40,000. Quarry LP bought a new position in shares of Dayforce in the third quarter valued at approximately $51,000. AlphaQuest LLC boosted its position in shares of Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock valued at $76,000 after acquiring an additional 1,036 shares during the period. Smartleaf Asset Management LLC raised its stake in Dayforce by 69.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after purchasing an additional 501 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in shares of Dayforce by 66.3% in the 3rd quarter. US Bancorp DE now owns 2,363 shares of the company’s stock worth $145,000 after acquiring an additional 942 shares during the last quarter.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the completion of the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 4.90% of the company’s stock.

Dayforce Stock Down 1.8 %

Shares of DAY opened at $53.73 on Wednesday. The company has a market cap of $8.54 billion, a PE ratio of 488.45, a P/E/G ratio of 2.49 and a beta of 1.33. The business has a fifty day moving average of $66.80 and a 200 day moving average of $67.92. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47.

Dayforce (NYSE:DAY) last released its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. On average, sell-side analysts expect that Dayforce Inc will post 1.48 EPS for the current year.

Analyst Upgrades and Downgrades

DAY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price objective (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Citigroup lowered their price objective on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating in a research note on Friday. Scotiabank cut their price objective on shares of Dayforce from $75.00 to $72.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group cut their price objective on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.07.

Dayforce Company Profile

Dayforce Inc, together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll and tax, workforce management, wallet, benefits, and talent intelligence functionalities; and Powerpay, a cloud HR and payroll solution for the small business market.