Blue Trust Inc. Makes New $91,000 Investment in Dayforce Inc (NYSE:DAY)

Blue Trust Inc. acquired a new stake in shares of Dayforce Inc (NYSE:DAY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,479 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds have also recently made changes to their positions in the company. Bleakley Financial Group LLC grew its stake in Dayforce by 9.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,867 shares of the company’s stock valued at $298,000 after purchasing an additional 439 shares during the last quarter. Quent Capital LLC purchased a new stake in Dayforce in the third quarter valued at approximately $28,000. Financial Perspectives Inc acquired a new position in Dayforce in the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC acquired a new stake in Dayforce during the 2nd quarter valued at approximately $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Dayforce in the 3rd quarter valued at $74,000.

Dayforce Stock Up 0.3 %

Shares of NYSE:DAY opened at $65.32 on Wednesday. The firm has a market capitalization of $10.33 billion, a PE ratio of 217.73, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $74.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50-day moving average is $59.91 and its two-hundred day moving average is $56.57.

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

Insider Activity at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $65.00, for a total transaction of $65,000.00. Following the completion of the sale, the chief operating officer now directly owns 100,437 shares of the company’s stock, valued at $6,528,405. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $65.00, for a total transaction of $65,000.00. Following the sale, the chief operating officer now owns 100,437 shares of the company’s stock, valued at approximately $6,528,405. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce 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 sale, the insider now owns 34,074 shares in the company, valued at $2,159,269.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,643 shares of company stock valued at $169,117 over the last quarter. 4.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DAY shares. TD Cowen boosted their target price on shares of Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price objective on shares of Dayforce in a report on Wednesday, July 31st. KeyCorp started coverage on Dayforce in a research note on Tuesday, September 24th. They set an “overweight” rating and a $70.00 target price for the company. Mizuho lifted their price target on shares of Dayforce from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Jefferies Financial Group upped their price objective on shares of Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.75.

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.