Tidal Investments LLC Sells 12,761 Shares of Dayforce Inc (NYSE:DAY)

Tidal Investments LLC lowered its holdings in shares of Dayforce Inc (NYSE:DAY - Free Report) by 45.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,598 shares of the company's stock after selling 12,761 shares during the period. Tidal Investments LLC's holdings in Dayforce were worth $1,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DAY. Harvest Fund Management Co. Ltd purchased a new stake in Dayforce during the fourth quarter valued at about $61,000. Federated Hermes Inc. acquired a new stake in shares of Dayforce during the fourth quarter valued at about $72,000. AlphaQuest LLC increased its holdings in Dayforce by 14,800.0% during the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after purchasing an additional 1,036 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Dayforce by 69.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after buying an additional 501 shares during the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in shares of Dayforce in the 4th quarter worth about $169,000.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DAY. Stifel Nicolaus dropped their price target on Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group reissued a "hold" rating on shares of Dayforce in a report on Friday, May 23rd. Citigroup increased their target price on shares of Dayforce from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Needham & Company LLC reiterated a "buy" rating and set a $95.00 price target on shares of Dayforce in a research report on Thursday, May 8th. Finally, Mizuho lowered their price objective on shares of Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $71.54.

Insider Transactions at Dayforce

In related news, EVP Samer Alkharrat sold 1,916 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $56.64, for a total transaction of $108,522.24. Following the completion of the sale, the executive vice president now directly owns 150,237 shares of the company's stock, valued at approximately $8,509,423.68. This represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Everett Mcdonald sold 2,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total transaction of $112,320.00. Following the completion of the transaction, the executive vice president now owns 105,691 shares in the company, valued at $5,935,606.56. The trade was a 1.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by company insiders.

Dayforce Stock Up 1.0%

DAY traded up $0.60 during trading on Friday, reaching $58.30. 336,785 shares of the stock traded hands, compared to its average volume of 1,747,369. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 530.82, a price-to-earnings-growth ratio of 2.49 and a beta of 1.17. The stock's 50-day simple moving average is $56.81 and its two-hundred day simple moving average is $65.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69.

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.