Dayforce, Inc. (NYSE:DAY) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in Dayforce, Inc. (NYSE:DAY) by 8.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 17,691 shares of the company’s stock after selling 1,631 shares during the period. SG Americas Securities LLC’s holdings in Dayforce were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Czech National Bank increased its holdings in shares of Dayforce by 6.8% in the 1st quarter. Czech National Bank now owns 36,519 shares of the company’s stock worth $2,130,000 after acquiring an additional 2,326 shares during the period. Rhumbline Advisers grew its position in Dayforce by 16.4% in the 1st quarter. Rhumbline Advisers now owns 311,955 shares of the company’s stock worth $18,196,000 after purchasing an additional 43,944 shares during the last quarter. GAMMA Investing LLC grew its position in Dayforce by 6,038.0% in the 1st quarter. GAMMA Investing LLC now owns 179,598 shares of the company’s stock worth $10,476,000 after purchasing an additional 176,672 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Dayforce in the fourth quarter valued at approximately $3,680,000. Finally, Siemens Fonds Invest GmbH bought a new stake in shares of Dayforce during the fourth quarter valued at approximately $3,669,000.

Analyst Upgrades and Downgrades

DAY has been the subject of a number of recent analyst reports. Mizuho decreased their price objective on Dayforce from $95.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Barclays lowered their price target on Dayforce from $61.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a report on Thursday, May 8th. Scotiabank decreased their target price on shares of Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a research report on Monday, March 17th. Finally, Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.86.

Dayforce Stock Performance

Shares of NYSE DAY opened at $56.88 on Wednesday. The stock’s fifty day simple moving average is $57.61 and its 200 day simple moving average is $63.46. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 355.52, a PEG ratio of 2.26 and a beta of 1.12. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.24. Dayforce, Inc. has a 52-week low of $47.08 and a 52-week high of $82.69.

Insider Activity at Dayforce

In related news, EVP Samer Alkharrat sold 1,916 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $56.64, for a total value of $108,522.24. Following the completion of the sale, the executive vice president now owns 150,237 shares in the company, valued at approximately $8,509,423.68. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the transaction, the executive vice president now owns 105,691 shares in the company, valued at approximately $5,935,606.56. The trade was a 1.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by corporate insiders.

About Dayforce

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.