Bleakley Financial Group LLC Increases Stock Holdings in Dayforce Inc (NYSE:DAY)

Bleakley Financial Group LLC grew its position in Dayforce Inc (NYSE:DAY) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,867 shares of the company’s stock after buying an additional 439 shares during the quarter. Bleakley Financial Group LLC’s holdings in Dayforce were worth $298,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Select Equity Group L.P. acquired a new stake in shares of Dayforce during the second quarter valued at $721,310,000. EdgePoint Investment Group Inc. acquired a new stake in shares of Dayforce during the second quarter valued at $521,396,000. Dragoneer Investment Group LLC acquired a new stake in shares of Dayforce during the second quarter valued at $193,274,000. Dimensional Fund Advisors LP acquired a new stake in shares of Dayforce during the second quarter valued at $51,027,000. Finally, Cannae Holdings Inc. acquired a new stake in shares of Dayforce during the second quarter valued at $49,600,000.

Insiders Place Their Bets

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $40,746.91. Following the completion of the transaction, the insider now owns 34,074 shares in the company, valued at approximately $2,159,269.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $40,746.91. Following the completion of the transaction, the insider now owns 34,074 shares in the company, valued at approximately $2,159,269.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of $65.00, for a total value of $65,000.00. Following the completion of the sale, the chief operating officer now directly owns 100,437 shares in the company, valued at $6,528,405. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,643 shares of company stock worth $169,117. 4.90% of the stock is owned by company insiders.

Dayforce Price Performance

Shares of DAY opened at $64.86 on Thursday. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 196.55, a PEG ratio of 2.23 and a beta of 1.29. The stock has a 50 day moving average of $59.34 and a 200-day moving average of $56.57. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $74.66.

Dayforce (NYSE:DAY) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Dayforce had a return on equity of 6.35% and a net margin of 2.89%. The business had revenue of $423.30 million during the quarter, compared to analyst estimates of $417.41 million. As a group, analysts forecast that Dayforce Inc will post 1.07 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on DAY shares. Jefferies Financial Group increased their price objective on Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday. TD Cowen raised their price target on Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price target on shares of Dayforce in a research note on Wednesday, July 31st. Citigroup raised their price target on Dayforce from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Mizuho raised their price target on Dayforce from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.75.

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.