State of Alaska Department of Revenue Sells 430 Shares of Dayforce Inc (NYSE:DAY)

State of Alaska Department of Revenue lowered its position in shares of Dayforce Inc (NYSE:DAY) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,985 shares of the company’s stock after selling 430 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dayforce were worth $1,306,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DAY. Bleakley Financial Group LLC increased its holdings in Dayforce by 9.9% in the third quarter. Bleakley Financial Group LLC now owns 4,867 shares of the company’s stock worth $298,000 after purchasing an additional 439 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Dayforce by 11.0% during the 3rd quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock worth $368,000 after buying an additional 602 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Dayforce by 1.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 56,294 shares of the company’s stock valued at $3,448,000 after acquiring an additional 640 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Dayforce during the 3rd quarter valued at $40,000. Finally, Stifel Financial Corp boosted its stake in Dayforce by 16.0% during the third quarter. Stifel Financial Corp now owns 5,001 shares of the company’s stock worth $306,000 after acquiring an additional 691 shares in the last quarter.

Analyst Ratings Changes

DAY has been the topic of several research reports. Citigroup dropped 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. Mizuho upped their price target on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Jefferies Financial Group reduced their price objective on Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. BMO Capital Markets upped their target price on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus reduced their price target on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Dayforce currently has an average rating of “Moderate Buy” and a consensus target price of $78.64.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $76.26, for a total transaction of $76,260.00. Following the transaction, the chief operating officer now directly owns 121,022 shares in the company, valued at $9,229,137.72. This trade represents a 0.82 % 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, CEO David D. Ossip sold 858,697 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 directly owns 794,527 shares of the company’s stock, valued at approximately $63,204,622.85. This trade represents a 51.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 860,697 shares of company stock worth $68,456,936. 4.90% of the stock is currently owned by insiders.

Dayforce Price Performance

DAY stock opened at $64.78 on Thursday. The firm has a 50 day simple moving average of $72.43 and a two-hundred day simple moving average of $66.85. The stock has a market cap of $10.22 billion, a PE ratio of 588.96, a P/E/G ratio of 2.41 and a beta of 1.26. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15.

Dayforce (NYSE:DAY) last released its earnings results on Wednesday, February 5th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. On average, analysts predict that Dayforce Inc will post 1.41 EPS for the current fiscal year.

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.