Proficio Capital Partners LLC Buys Shares of 18,087 Dayforce Inc (NYSE:DAY)

Proficio Capital Partners LLC acquired a new position in Dayforce Inc (NYSE:DAY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,087 shares of the company’s stock, valued at approximately $1,314,000.

Other large investors have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Dayforce in the 3rd quarter worth approximately $51,000. Smartleaf Asset Management LLC lifted its holdings in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock worth $89,000 after acquiring an additional 501 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Dayforce in the 3rd quarter worth approximately $179,000. GAMMA Investing LLC lifted its holdings in shares of Dayforce by 52.1% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $213,000 after acquiring an additional 1,002 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Dayforce in the 4th quarter worth approximately $224,000.

Insider Buying and Selling at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.90% of the company’s stock.

Dayforce Trading Up 0.1 %

Shares of NYSE:DAY opened at $57.71 on Friday. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The company’s 50 day moving average is $64.59 and its two-hundred day moving average is $67.67. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The company has a market cap of $9.13 billion, a PE ratio of 524.69, a P/E/G ratio of 2.49 and a beta of 1.33.

Dayforce (NYSE:DAY) last announced its quarterly earnings data 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%. Equities analysts predict that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DAY has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a report on Thursday, February 6th. Stifel Nicolaus cut their target price on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Citigroup cut their target price on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Scotiabank cut their target price on shares of Dayforce from $72.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Monday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Dayforce currently has an average rating of “Moderate Buy” and an average target price of $77.86.

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.