SG Americas Securities LLC Acquires 12,103 Shares of Dayforce Inc (NYSE:DAY)

SG Americas Securities LLC grew its holdings in Dayforce Inc (NYSE:DAY) by 167.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,322 shares of the company’s stock after buying an additional 12,103 shares during the quarter. SG Americas Securities LLC’s holdings in Dayforce were worth $1,404,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Quent Capital LLC acquired a new stake in Dayforce in the 3rd quarter valued at about $28,000. Farther Finance Advisors LLC acquired a new stake in shares of Dayforce in the third quarter valued at approximately $40,000. Quarry LP bought a new position in Dayforce in the 3rd quarter worth approximately $51,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Dayforce during the 3rd quarter worth $74,000. Finally, Blue Trust Inc. bought a new position in Dayforce in the 3rd quarter valued at $91,000.

Insider Buying and Selling at Dayforce

In other Dayforce news, CEO David D. Ossip sold 858,697 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total value of $68,309,346.35. Following the sale, the chief executive officer now owns 794,527 shares in the company, valued at approximately $63,204,622.85. The trade was a 51.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Stephen H. Holdridge sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $69.25, for a total value of $138,500.00. Following the transaction, the chief operating officer now directly owns 98,437 shares of the company’s stock, valued at approximately $6,816,762.25. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 863,697 shares of company stock valued at $68,672,436. 4.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on DAY. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Barclays lowered their price target on shares of Dayforce from $84.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Citigroup cut their price objective on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Scotiabank assumed coverage on shares of Dayforce in a research report on Monday, November 18th. They set a “sector perform” rating and a $75.00 target price for the company. Finally, TD Cowen raised their price target on Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, October 7th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.07.

Dayforce Price Performance

Shares of DAY opened at $72.37 on Tuesday. The stock has a 50 day simple moving average of $74.77 and a 200 day simple moving average of $65.50. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $11.41 billion, a PE ratio of 219.31, a P/E/G ratio of 2.56 and a beta of 1.26.

Dayforce 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.