Yousif Capital Management LLC Purchases 1,985 Shares of Dayforce Inc (NYSE:DAY)

Yousif Capital Management LLC raised its holdings in shares of Dayforce Inc (NYSE:DAY) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,423 shares of the company’s stock after purchasing an additional 1,985 shares during the quarter. Yousif Capital Management LLC’s holdings in Dayforce were worth $1,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. E. Ohman J or Asset Management AB boosted its holdings in shares of Dayforce by 37.3% in the fourth quarter. E. Ohman J or Asset Management AB now owns 8,100 shares of the company’s stock worth $588,000 after acquiring an additional 2,200 shares during the period. Oak Harvest Investment Services bought a new position in Dayforce in the 4th quarter worth about $726,000. Forsta AP Fonden bought a new stake in shares of Dayforce during the fourth quarter valued at about $2,673,000. Pacer Advisors Inc. lifted its holdings in shares of Dayforce by 20.0% in the fourth quarter. Pacer Advisors Inc. now owns 13,929 shares of the company’s stock worth $1,012,000 after buying an additional 2,326 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Dayforce by 167.7% during the fourth quarter. SG Americas Securities LLC now owns 19,322 shares of the company’s stock valued at $1,404,000 after acquiring an additional 12,103 shares in the last quarter.

Dayforce Trading Down 0.7 %

NYSE DAY opened at $64.78 on Thursday. The firm has a market cap of $10.22 billion, a PE ratio of 588.96, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The stock has a 50-day moving average of $72.43 and a 200-day moving average of $66.85. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47.

Dayforce (NYSE:DAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share 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%. As a group, sell-side analysts forecast that Dayforce Inc will post 1.41 EPS for the current year.

Insider Transactions at Dayforce

In other news, CEO David D. Ossip sold 858,697 shares of the company’s 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 transaction, the chief executive officer now owns 794,527 shares in the company, valued at approximately $63,204,622.85. This represents a 51.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total value of $71,330.00. Following the transaction, the chief operating officer now directly owns 119,022 shares in the company, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 860,697 shares of company stock worth $68,456,936. Company insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group cut their price target on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 target price (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. BMO Capital Markets lifted their price target on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Scotiabank decreased their price objective on shares of Dayforce from $75.00 to $72.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Finally, Piper Sandler reissued an “overweight” rating and issued a $83.00 price target (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.64.

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.