Dayforce Inc (NYSE:DAY) Shares Sold by Aquatic Capital Management LLC

Aquatic Capital Management LLC decreased its holdings in shares of Dayforce Inc (NYSE:DAY - Free Report) by 91.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,324 shares of the company's stock after selling 47,676 shares during the period. Aquatic Capital Management LLC's holdings in Dayforce were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Metis Global Partners LLC lifted its holdings in Dayforce by 3.8% during the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company's stock valued at $382,000 after purchasing an additional 193 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Dayforce by 4.1% in the fourth quarter. Stifel Financial Corp now owns 5,206 shares of the company's stock worth $378,000 after acquiring an additional 205 shares during the period. United Capital Financial Advisors LLC grew its position in shares of Dayforce by 3.5% during the fourth quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company's stock worth $490,000 after purchasing an additional 228 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Dayforce by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 43,707 shares of the company's stock valued at $3,175,000 after purchasing an additional 277 shares during the period. Finally, Neuberger Berman Group LLC lifted its holdings in Dayforce by 3.5% in the 4th quarter. Neuberger Berman Group LLC now owns 9,076 shares of the company's stock worth $659,000 after purchasing an additional 305 shares in the last quarter.

Dayforce Trading Down 1.2 %

NYSE:DAY traded down $0.70 during midday trading on Friday, hitting $57.63. The stock had a trading volume of 771,391 shares, compared to its average volume of 1,753,561. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $56.12 and a 200 day moving average of $66.67. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 523.96, a PEG ratio of 2.49 and a beta of 1.17. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69.

Dayforce (NYSE:DAY - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. As a group, sell-side analysts forecast that Dayforce Inc will post 1.48 EPS for the current year.

Insider Activity

In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the transaction, the executive vice president now owns 105,691 shares in the company, valued at $5,935,606.56. The trade was a 1.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Samer Alkharrat sold 1,916 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $56.64, for a total transaction of $108,522.24. Following the sale, the executive vice president now directly owns 150,237 shares of the company's stock, valued at approximately $8,509,423.68. The trade was a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DAY shares. Needham & Company LLC reiterated a "buy" rating and set a $95.00 price objective on shares of Dayforce in a research report on Thursday. Scotiabank dropped their price objective on shares of Dayforce from $72.00 to $55.00 and set a "sector perform" rating for the company in a report on Monday, March 17th. Jefferies Financial Group decreased their target price on Dayforce from $80.00 to $75.00 and set a "hold" rating on the stock in a research report on Thursday, February 6th. Mizuho reduced their price objective on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus lowered their target price on Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Dayforce has a consensus rating of "Moderate Buy" and a consensus price target of $71.29.

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.