Dayforce, Inc. $DAY Shares Sold by Lbp Am Sa

Key Points

• Lbp Am Sa has reduced its stake in Dayforce, Inc. by 47.3%, owning 69,996 shares after selling 62,728 shares, with holdings valued at $3,877,000.
• Dayforce's recent quarterly performance showed earnings of $0.61 per share, exceeding estimates, and a revenue increase of 9.8% compared to the same period last year.
• Analysts have mixed views on Dayforce, with a consensus rating of "Hold" and a consensus price target of approximately $70.36.

Lbp Am Sa cut its stake in shares of Dayforce, Inc. (NYSE:DAY - Free Report) by 47.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 69,996 shares of the company's stock after selling 62,728 shares during the quarter. Lbp Am Sa's holdings in Dayforce were worth $3,877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SVB Wealth LLC acquired a new position in shares of Dayforce during the first quarter worth about $30,000. National Pension Service grew its position in shares of Dayforce by 74.5% during the first quarter. National Pension Service now owns 541 shares of the company's stock worth $32,000 after buying an additional 231 shares in the last quarter. Mather Group LLC. grew its position in shares of Dayforce by 196.9% during the first quarter. Mather Group LLC. now owns 962 shares of the company's stock worth $56,000 after buying an additional 638 shares in the last quarter. Covestor Ltd grew its position in shares of Dayforce by 15.6% during the first quarter. Covestor Ltd now owns 1,430 shares of the company's stock worth $83,000 after buying an additional 193 shares in the last quarter. Finally, Groupe la Francaise acquired a new position in shares of Dayforce during the first quarter worth about $143,000.

Insider Activity

In other news, EVP William Everett Mcdonald sold 2,059 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total transaction of $113,265.59. Following the completion of the sale, the executive vice president owned 103,684 shares in the company, valued at $5,703,656.84. This represents a 1.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Samer Alkharrat sold 3,232 shares of the company's stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $68.78, for a total value of $222,296.96. Following the sale, the executive vice president owned 121,167 shares of the company's stock, valued at $8,333,866.26. This trade represents a 2.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,950 shares of company stock valued at $861,578. 4.50% of the stock is currently owned by company insiders.

Dayforce Price Performance

DAY stock opened at $68.98 on Friday. The company has a market capitalization of $11.01 billion, a P/E ratio of 229.93, a PEG ratio of 2.54 and a beta of 1.17. Dayforce, Inc. has a twelve month low of $48.01 and a twelve month high of $82.69. The business has a 50 day simple moving average of $64.41 and a 200-day simple moving average of $59.68. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23.

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

Analyst Upgrades and Downgrades

DAY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Dayforce from $60.00 to $70.00 and gave the stock a "hold" rating in a research report on Friday, August 22nd. Mizuho set a $70.00 price target on Dayforce in a report on Friday, August 22nd. Needham & Company LLC downgraded Dayforce from a "buy" rating to a "hold" rating and set a $95.00 price target for the company. in a report on Friday, August 22nd. Barclays upped their price target on Dayforce from $61.00 to $70.00 and gave the company an "equal weight" rating in a report on Friday, August 22nd. Finally, Wells Fargo & Company raised Dayforce from a "strong sell" rating to an "equal weight" rating and upped their price target for the company from $50.00 to $70.00 in a report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $70.36.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.