Jones Financial Companies Lllp Sells 1,014 Shares of Dayforce Inc (NYSE:DAY)

Jones Financial Companies Lllp lowered its position in shares of Dayforce Inc (NYSE:DAY) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,599 shares of the company’s stock after selling 1,014 shares during the period. Jones Financial Companies Lllp’s holdings in Dayforce were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DAY. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Dayforce during the third quarter valued at approximately $19,273,000. Principal Financial Group Inc. purchased a new stake in Dayforce in the third quarter worth approximately $11,135,000. EdgePoint Investment Group Inc. boosted its holdings in Dayforce by 1.1% in the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock worth $650,726,000 after purchasing an additional 112,086 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Dayforce by 1.9% in the third quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock worth $347,236,000 after purchasing an additional 103,794 shares during the last quarter. Finally, Swedbank AB purchased a new stake in Dayforce in the third quarter worth approximately $5,292,000.

Insider Buying and Selling at Dayforce

In other Dayforce 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 value of $71,330.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.90% of the stock is currently owned by insiders.

Dayforce Stock Up 6.3 %

DAY opened at $55.45 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The firm’s fifty day moving average is $65.69 and its 200 day moving average is $67.75. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 504.12, a price-to-earnings-growth ratio of 2.49 and a beta of 1.33.

Dayforce (NYSE:DAY) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (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, sell-side analysts forecast that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DAY has been the topic of several research reports. Barclays dropped their target price 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 target price (down previously from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (down previously from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. Stifel Nicolaus dropped their price target 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. Finally, Scotiabank dropped their price target on shares of Dayforce from $75.00 to $72.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $79.07.

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.