Crestline Management LP Acquires 6,344 Shares of Dayforce Inc (NYSE:DAY)

Crestline Management LP grew its holdings in Dayforce Inc (NYSE:DAY - Free Report) by 86.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,664 shares of the company's stock after purchasing an additional 6,344 shares during the quarter. Crestline Management LP's holdings in Dayforce were worth $993,000 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. Metis Global Partners LLC lifted its position in shares of 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 raised its position in Dayforce by 4.1% during the fourth quarter. Stifel Financial Corp now owns 5,206 shares of the company's stock valued at $378,000 after purchasing an additional 205 shares in the last quarter. United Capital Financial Advisors LLC grew its position in Dayforce by 3.5% during the fourth quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company's stock valued at $490,000 after acquiring an additional 228 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Dayforce by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 43,707 shares of the company's stock worth $3,175,000 after purchasing an additional 277 shares during the period. Finally, Utah Retirement Systems grew its position in Dayforce by 1.2% during the 4th quarter. Utah Retirement Systems now owns 24,923 shares of the company's stock worth $1,810,000 after acquiring an additional 300 shares during the last quarter.

Analyst Upgrades and Downgrades

DAY has been the topic of several recent research reports. KeyCorp reduced their price target on Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. TD Cowen raised Dayforce from a "hold" rating to a "buy" rating and lifted their target price for the stock from $67.00 to $68.00 in a report on Friday, March 7th. Needham & Company LLC restated a "buy" rating and set a $95.00 target price on shares of Dayforce in a research report on Thursday. Barclays decreased their price objective on Dayforce from $61.00 to $60.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, Stifel Nicolaus dropped their price objective on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.29.

Dayforce Stock Performance

NYSE DAY traded up $2.88 on Monday, hitting $59.59. The stock had a trading volume of 1,892,245 shares, compared to its average volume of 1,764,816. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 541.76, a P/E/G ratio of 2.49 and a beta of 1.17. The company's 50-day moving average is $56.11 and its two-hundred day moving average is $66.64. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling at Dayforce

In related news, EVP William Everett Mcdonald sold 2,000 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were 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 directly owns 105,691 shares of the company's stock, valued at approximately $5,935,606.56. This represents a 1.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samer Alkharrat sold 1,916 shares of the company's stock in a transaction on 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 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. 4.50% of the stock is owned by corporate insiders.

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.