Dayforce, Inc. (NYSE:DAY) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its holdings in shares of Dayforce, Inc. (NYSE:DAY - Free Report) by 32.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,700 shares of the company's stock after selling 6,709 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Dayforce were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp increased 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 acquiring an additional 205 shares during the last quarter. 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. grew its position in shares of Dayforce by 0.6% during the fourth 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 in the last quarter. Utah Retirement Systems boosted its stake in Dayforce by 1.2% during the fourth quarter. Utah Retirement Systems now owns 24,923 shares of the company's stock valued at $1,810,000 after buying an additional 300 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Dayforce by 3.5% during the fourth quarter. Neuberger Berman Group LLC now owns 9,076 shares of the company's stock valued at $659,000 after buying an additional 305 shares during the last quarter.

Insider Buying and Selling

In other news, EVP William Everett Mcdonald sold 2,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 105,691 shares in the company, valued at $5,935,606.56. This represents 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 this link. Also, EVP Samer Alkharrat sold 664 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $57.95, for a total value of $38,478.80. Following the completion of the sale, the executive vice president owned 132,266 shares of the company's stock, valued at $7,664,814.70. This trade represents a 0.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,580 shares of company stock valued at $259,321 over the last 90 days. Company insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DAY. UBS Group raised their price objective on Dayforce from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Mizuho reduced their price objective on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Citigroup lifted their price target on Dayforce from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Dayforce in a research report on Friday, May 23rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $95.00 price objective on shares of Dayforce in a report on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.86.

Dayforce Price Performance

NYSE:DAY traded up $0.87 during trading hours on Tuesday, hitting $57.47. 59,630 shares of the stock were exchanged, compared to its average volume of 1,768,956. Dayforce, Inc. has a 52-week low of $47.08 and a 52-week high of $82.69. The firm's fifty day moving average price is $57.88 and its 200 day moving average price is $61.26. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.24. The company has a market cap of $9.19 billion, a P/E ratio of 358.46, a P/E/G ratio of 2.24 and a beta of 1.08.

About Dayforce

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.