Signaturefd LLC Makes New Investment in Dayforce Inc (NYSE:DAY)

Signaturefd LLC bought a new position in shares of Dayforce Inc (NYSE:DAY) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,565 shares of the company’s stock, valued at approximately $96,000.

Several other institutional investors also recently made changes to their positions in the stock. Select Equity Group L.P. purchased a new stake in shares of Dayforce during the 2nd quarter worth $721,310,000. EdgePoint Investment Group Inc. purchased a new stake in shares of Dayforce during the 2nd quarter worth $521,396,000. Dragoneer Investment Group LLC purchased a new stake in shares of Dayforce during the 2nd quarter worth $193,274,000. Dimensional Fund Advisors LP purchased a new stake in shares of Dayforce during the 2nd quarter worth $51,027,000. Finally, Cannae Holdings Inc. purchased a new stake in shares of Dayforce during the 2nd quarter worth $49,600,000.

Dayforce Trading Up 0.4 %

NYSE DAY opened at $65.11 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 1.11. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $74.66. The company has a market cap of $10.28 billion, a P/E ratio of 197.30, a P/E/G ratio of 2.23 and a beta of 1.29. The company has a 50-day moving average of $59.72 and a 200-day moving average of $56.56.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $417.41 million. As a group, equities analysts predict that Dayforce Inc will post 1.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DAY. Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 price target on shares of Dayforce in a research note on Wednesday, July 31st. Piper Sandler raised Dayforce from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $71.00 in a research note on Wednesday, July 31st. Jefferies Financial Group lifted their price target on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. KeyCorp began coverage on Dayforce in a research note on Tuesday, September 24th. They set an “overweight” rating and a $70.00 price target for the company. Finally, Mizuho lifted 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 equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.75.

Insider Transactions at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the completion of the transaction, the chief operating officer now owns 101,437 shares in the company, valued at $6,428,062.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the completion of the transaction, the chief operating officer now owns 101,437 shares in the company, valued at $6,428,062.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey Scott Jacobs sold 643 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the transaction, the insider now directly owns 34,074 shares in the company, valued at approximately $2,159,269.38. The trade was a 0.00 % decrease in their ownership of the stock. 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 currently owned by company 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.