Dayforce, Inc. $DAY Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its stake in shares of Dayforce, Inc. (NYSE:DAY - Free Report) by 35.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,814 shares of the company's stock after selling 8,710 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Dayforce were worth $876,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC purchased a new position in shares of Dayforce during the first quarter worth $30,000. National Pension Service increased its holdings in 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 buying an additional 231 shares in the last quarter. Mather Group LLC. increased its holdings in Dayforce by 196.9% in the first quarter. Mather Group LLC. now owns 962 shares of the company's stock valued at $56,000 after buying an additional 638 shares in the last quarter. Covestor Ltd increased its holdings in 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 buying an additional 193 shares in the last quarter. Finally, Groupe la Francaise purchased a new position in Dayforce in the first quarter valued at $143,000.

Dayforce Trading Down 0.4%

NYSE DAY opened at $68.69 on Thursday. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 228.97, a PEG ratio of 2.54 and a beta of 1.17. The company's 50 day moving average price is $65.17 and its 200 day moving average price is $59.98. Dayforce, Inc. has a one year low of $48.01 and a one year high of $82.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04.

Dayforce (NYSE:DAY - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.09. Dayforce had a net margin of 2.65% and a return on equity of 7.37%. The business had revenue of $464.70 million during the quarter, compared to analyst estimates of $457.83 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. The business's revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts predict that Dayforce, Inc. will post 1.48 EPS for the current year.

Wall Street Analyst Weigh In

DAY has been the topic of several research analyst reports. TD Cowen lowered shares of Dayforce from a "buy" rating to a "hold" rating in a research report on Thursday, August 21st. Stifel Nicolaus reissued a "hold" rating and issued a $70.00 price target (down from $72.00) on shares of Dayforce in a research note on Friday, September 19th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Dayforce from $60.00 to $70.00 and gave the company a "hold" rating in a research note on Friday, August 22nd. BMO Capital Markets reissued a "market perform" rating and issued a $70.00 price objective (up from $67.00) on shares of Dayforce in a research report on Friday, August 22nd. Finally, Mizuho set a $70.00 target price on shares of Dayforce in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $70.36.

Insider Buying and Selling

In other news, EVP Samer Alkharrat sold 3,232 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $68.78, for a total value of $222,296.96. Following the transaction, the executive vice president owned 121,167 shares in the company, valued at $8,333,866.26. This represents a 2.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William Everett Mcdonald sold 2,059 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total value of $113,265.59. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 13,950 shares of company stock valued at $861,578 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

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.

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