Cambridge Investment Research Advisors Inc. Has $799,000 Holdings in Dayforce, Inc. (NYSE:DAY)

Cambridge Investment Research Advisors Inc. reduced its stake in Dayforce, Inc. (NYSE:DAY - Free Report) by 32.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,700 shares of the company's stock after selling 6,709 shares during the period. 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.

Other large investors also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Dayforce in the 4th quarter valued at approximately $61,000. Federated Hermes Inc. bought a new stake in shares of Dayforce in the 4th quarter valued at approximately $72,000. AlphaQuest LLC grew its stake in shares of Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock valued at $76,000 after purchasing an additional 1,036 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock valued at $89,000 after purchasing an additional 501 shares during the period. Finally, Mufg Securities Americas Inc. bought a new stake in shares of Dayforce in the 4th quarter valued at approximately $169,000.

Dayforce Trading Down 1.4%

NYSE:DAY traded down $0.80 during trading hours on Thursday, hitting $58.26. 1,165,250 shares of the stock were exchanged, compared to its average volume of 1,763,859. The company's 50 day moving average is $57.91 and its two-hundred day moving average is $61.23. Dayforce, Inc. has a twelve month low of $48.01 and a twelve month high of $82.69. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $9.31 billion, a P/E ratio of 364.15, a price-to-earnings-growth ratio of 2.27 and a beta of 1.08.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DAY shares. BMO Capital Markets reissued an "outperform" rating on shares of Dayforce in a report on Tuesday, June 10th. Citigroup boosted their target price on Dayforce from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Mizuho reduced their target price on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Jefferies Financial Group reissued a "hold" rating on shares of Dayforce in a report on Friday, May 23rd. Finally, Piper Sandler reduced their target price on Dayforce from $83.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $70.86.

Insider Buying and Selling at Dayforce

In other news, EVP William Everett Mcdonald sold 2,000 shares of the 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 owned 105,691 shares of the company's stock, valued at $5,935,606.56. This represents a 1.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Samer Alkharrat sold 1,916 shares of the 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 directly owned 150,237 shares in the company, valued at approximately $8,509,423.68. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,580 shares of company stock worth $259,321. Company insiders own 4.50% of the company's stock.

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.