Aquatic Capital Management LLC Sells 47,676 Shares of Dayforce Inc (NYSE:DAY)

Aquatic Capital Management LLC cut its stake in shares of Dayforce Inc (NYSE:DAY - Free Report) by 91.7% in the 4th quarter, according to its most recent 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 quarter. 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 institutional investors and hedge funds have also bought and sold shares of the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of Dayforce during the fourth quarter valued at approximately $61,000. Federated Hermes Inc. purchased a new stake in Dayforce during the 4th quarter valued at $72,000. AlphaQuest LLC grew its holdings in Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after acquiring an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Dayforce by 69.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock valued at $89,000 after acquiring an additional 501 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Dayforce by 52.1% during the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company's stock valued at $213,000 after acquiring an additional 1,002 shares during the last quarter.

Dayforce Stock Up 0.5 %

Shares of NYSE:DAY opened at $58.93 on Friday. 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 stock has a fifty day simple moving average of $56.45 and a two-hundred day simple moving average of $66.89. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 535.78, a PEG ratio of 2.49 and a beta of 1.20.

Dayforce (NYSE:DAY - Get Free Report) last posted its quarterly 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%. On average, research analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Insider Transactions at Dayforce

In other Dayforce news, EVP Samer Alkharrat sold 1,916 shares of the company's 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 transaction, the executive vice president now owns 150,237 shares in the company, valued at approximately $8,509,423.68. This represents a 1.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the completion of the sale, the executive vice president now owns 105,691 shares of the company's stock, valued at $5,935,606.56. This represents a 1.86 % 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 analysts recently issued reports on the company. TD Cowen raised Dayforce from a "hold" rating to a "buy" rating and raised their target price for the stock from $67.00 to $68.00 in a research note on Friday, March 7th. Needham & Company LLC reissued a "buy" rating and set a $95.00 target price on shares of Dayforce in a research note on Thursday, February 6th. Piper Sandler reaffirmed 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. KeyCorp reduced their price objective on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their target price 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. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $73.79.

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.

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