Campbell & CO Investment Adviser LLC Grows Position in Dayforce, Inc. $DAY

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Dayforce, Inc. by 92.0%, owning 84,731 shares worth approximately $4.94 million at the latest reporting period.
• Several hedge funds, including Xponance Inc. and , have also recently adjusted their positions in Dayforce, reflecting growing institutional interest in the company.
• Analysts have mixed views on Dayforce, with a consensus rating of "Hold" and an average price target of $72.14, while some have downgraded the stock, and others have increased their price objectives.

Campbell & CO Investment Adviser LLC grew its stake in shares of Dayforce, Inc. (NYSE:DAY - Free Report) by 92.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,731 shares of the company's stock after buying an additional 40,604 shares during the period. Campbell & CO Investment Adviser LLC owned 0.05% of Dayforce worth $4,942,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Xponance Inc. increased its position in Dayforce by 0.8% during the first quarter. Xponance Inc. now owns 22,673 shares of the company's stock worth $1,323,000 after buying an additional 179 shares in the last quarter. Covestor Ltd grew its position in shares of Dayforce by 15.6% in the first quarter. Covestor Ltd now owns 1,430 shares of the company's stock valued at $83,000 after purchasing an additional 193 shares during the period. HighTower Advisors LLC grew its position in shares of Dayforce by 3.5% in the first quarter. HighTower Advisors LLC now owns 5,931 shares of the company's stock valued at $346,000 after purchasing an additional 203 shares during the period. Stifel Financial Corp grew its position in shares of Dayforce by 4.1% in 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 during the period. Finally, National Pension Service grew its position in shares of Dayforce by 74.5% in the first quarter. National Pension Service now owns 541 shares of the company's stock valued at $32,000 after purchasing an additional 231 shares during the period.

Wall Street Analysts Forecast Growth

DAY has been the subject of a number of recent analyst reports. KeyCorp downgraded Dayforce from an "overweight" rating to a "hold" rating in a research report on Friday. TD Cowen downgraded Dayforce from a "buy" rating to a "hold" rating in a research report on Thursday. Barclays lifted their price objective on Dayforce from $61.00 to $70.00 and gave the company an "equal weight" rating in a research report on Friday. William Blair downgraded Dayforce from an "outperform" rating to a "hold" rating in a research report on Wednesday. Finally, Citigroup lifted their price objective on Dayforce from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $72.14.

Insiders Place Their Bets

In other Dayforce news, COO Stephen H. Holdridge sold 2,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total transaction of $110,020.00. Following the transaction, the chief operating officer owned 190,811 shares in the company, valued at $10,496,513.11. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Samer Alkharrat sold 4,659 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $59.69, for a total value of $278,095.71. Following the transaction, the executive vice president owned 127,632 shares in the company, valued at approximately $7,618,354.08. This represents a 3.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,382 shares of company stock worth $539,860 over the last quarter. 4.50% of the stock is owned by corporate insiders.

Dayforce Price Performance

Shares of Dayforce stock opened at $69.1750 on Friday. Dayforce, Inc. has a twelve month low of $48.01 and a twelve month high of $82.69. The stock has a market capitalization of $11.05 billion, a P/E ratio of 230.59, a PEG ratio of 2.60 and a beta of 1.11. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The business's fifty day moving average price is $57.28 and its 200 day moving average price is $58.09.

Dayforce (NYSE:DAY - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. Dayforce had a return on equity of 7.37% and a net margin of 2.65%.The firm had revenue of $464.70 million for the quarter, compared to analysts' expectations of $457.83 million. During the same quarter last year, the firm earned $0.48 earnings per share. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, research analysts anticipate that Dayforce, Inc. will post 1.48 earnings per share for the current year.

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.

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