New York State Common Retirement Fund Sells 231,846 Shares of Dayforce, Inc. (NYSE:DAY)

New York State Common Retirement Fund trimmed its stake in shares of Dayforce, Inc. (NYSE:DAY - Free Report) by 73.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,229 shares of the company's stock after selling 231,846 shares during the period. New York State Common Retirement Fund owned about 0.05% of Dayforce worth $4,971,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAY. Principal Financial Group Inc. increased its position in Dayforce by 53.0% in the 1st quarter. Principal Financial Group Inc. now owns 273,055 shares of the company's stock valued at $15,927,000 after acquiring an additional 94,635 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Dayforce during the first quarter valued at about $1,282,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Dayforce by 13.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,585 shares of the company's stock worth $1,259,000 after buying an additional 2,557 shares during the last quarter. Amalgamated Bank increased its stake in shares of Dayforce by 2.2% in the first quarter. Amalgamated Bank now owns 30,966 shares of the company's stock worth $1,806,000 after purchasing an additional 661 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Dayforce by 7.1% in the first quarter. Fifth Third Bancorp now owns 9,802 shares of the company's stock valued at $572,000 after acquiring an additional 648 shares during the period.

Dayforce Stock Up 0.9%

NYSE DAY traded up $0.52 on Friday, reaching $59.93. The stock had a trading volume of 912,812 shares, compared to its average volume of 1,392,610. The business has a 50 day moving average price of $57.67 and a 200 day moving average price of $59.92. 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. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 374.59, a P/E/G ratio of 2.31 and a beta of 1.08.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DAY. Barclays lowered their price objective on shares of Dayforce from $61.00 to $60.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Jefferies Financial Group restated a "hold" rating on shares of Dayforce in a research note on Friday, May 23rd. UBS Group increased their target price on shares of Dayforce from $68.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price objective on shares of Dayforce in a report on Monday, June 30th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Dayforce in a research report on Tuesday, June 10th. One investment 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $70.86.

Insider Buying and Selling at Dayforce

In related news, COO Stephen H. Holdridge sold 2,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total transaction of $110,020.00. Following the sale, the chief operating officer owned 190,811 shares of the company's stock, valued at approximately $10,496,513.11. This trade represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Samer Alkharrat sold 664 shares of Dayforce 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 completion of the sale, the executive vice president directly owned 132,266 shares in the company, valued at $7,664,814.70. This represents a 0.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,723 shares of company stock valued at $261,764 in the last quarter. Corporate insiders own 4.50% of the company's stock.

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.