Centiva Capital LP Makes New $934,000 Investment in Dayforce Inc (NYSE:DAY)

Centiva Capital LP bought a new stake in Dayforce Inc (NYSE:DAY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,856 shares of the company's stock, valued at approximately $934,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Dayforce in the fourth quarter valued at about $61,000. Federated Hermes Inc. acquired a new stake in shares of Dayforce in the fourth quarter valued at about $72,000. AlphaQuest LLC grew its stake in shares of Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock valued at $76,000 after buying an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC grew its stake 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 buying an additional 501 shares in the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Dayforce in the fourth quarter valued at about $217,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DAY shares. Cowen raised shares of Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Wells Fargo & Company reduced their target price on Dayforce from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Barclays reduced their target price on Dayforce from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Needham & Company LLC reissued a "buy" rating and issued a $95.00 price target on shares of Dayforce in a report on Thursday, May 8th. Finally, Scotiabank cut their price objective on shares of Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a research report on Monday, March 17th. 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.29.

Insider Transactions at Dayforce

In other news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction on 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 approximately $5,935,606.56. This trade represents a 1.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Samer Alkharrat sold 1,916 shares of Dayforce stock in a transaction on Friday, April 25th. The shares were sold at an average price of $56.64, for a total value of $108,522.24. Following the completion of the transaction, the executive vice president now owns 150,237 shares in the company, valued at approximately $8,509,423.68. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. 4.50% of the stock is owned by corporate insiders.

Dayforce Stock Up 0.5%

DAY traded up $0.32 on Wednesday, hitting $59.58. 1,025,409 shares of the company were exchanged, compared to its average volume of 1,948,553. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. The stock's fifty day moving average is $56.25 and its 200-day moving average is $66.56. The company has a market cap of $9.53 billion, a PE ratio of 541.69, a PEG ratio of 2.49 and a beta of 1.17. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69.

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.