Dayforce, Inc. (NYSE:DAY) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its position in Dayforce, Inc. (NYSE:DAY - Free Report) by 44.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,916 shares of the company's stock after selling 9,659 shares during the quarter. Cerity Partners LLC's holdings in Dayforce were worth $695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DAY. Raymond James Financial Inc. bought a new position in Dayforce in the fourth quarter worth approximately $1,764,000. Commonwealth Equity Services LLC lifted its holdings in shares of Dayforce by 18.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,058 shares of the company's stock valued at $803,000 after purchasing an additional 1,743 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Dayforce during the 4th quarter valued at $4,235,000. LPL Financial LLC lifted its holdings in shares of Dayforce by 51.8% during the 4th quarter. LPL Financial LLC now owns 33,079 shares of the company's stock valued at $2,403,000 after purchasing an additional 11,292 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Dayforce by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company's stock valued at $1,258,072,000 after purchasing an additional 197,773 shares during the last quarter.

Insiders Place Their Bets

In other news, EVP William Everett Mcdonald sold 2,059 shares of the firm'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 $113,265.59. Following the sale, the executive vice president directly owned 103,684 shares in the company, valued at $5,703,656.84. This trade represents a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Samer Alkharrat sold 664 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $57.95, for a total value of $38,478.80. Following the sale, the executive vice president owned 132,266 shares in the company, 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. In the last three months, insiders have sold 4,723 shares of company stock valued at $261,764. Company insiders own 4.50% of the company's stock.

Dayforce Stock Performance

DAY traded down $0.84 during midday trading on Monday, hitting $59.16. 1,610,208 shares of the company were exchanged, compared to its average volume of 1,262,542. The company's 50 day simple moving average is $57.66 and its 200 day simple moving average is $59.71. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 369.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.24. Dayforce, Inc. has a 1-year low of $48.01 and a 1-year high of $82.69.

Analyst Ratings Changes

Several brokerages have recently commented on DAY. UBS Group increased their price objective on Dayforce from $68.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Barclays cut their target price on Dayforce from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Citigroup upped their target price on Dayforce from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Piper Sandler cut their target price on Dayforce from $83.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company downgraded Dayforce from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $60.00 to $50.00 in a research report on Friday, June 13th. One 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.86.

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.