EntryPoint Capital LLC Purchases New Shares in Dayforce, Inc. $DAY

Key Points

• EntryPoint Capital LLC has made a new investment in Dayforce, Inc. by purchasing 4,914 shares valued at approximately $287,000.
• Dayforce reported a quarterly earnings per share (EPS) of $0.61, exceeding expectations, with revenue of $464.70 million—up 9.8% year-over-year.
• Analysts have mixed ratings for Dayforce, with a consensus rating of "Hold" and a consensus price target of $72.14. Several firms have recently adjusted their target prices, reflecting varied outlooks on the stock.

EntryPoint Capital LLC bought a new position in Dayforce, Inc. (NYSE:DAY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,914 shares of the company's stock, valued at approximately $287,000.

Several other hedge funds also recently bought and sold shares of the company. Xponance Inc. increased its position in Dayforce by 0.8% in the 1st quarter. Xponance Inc. now owns 22,673 shares of the company's stock worth $1,323,000 after purchasing an additional 179 shares during the last quarter. Covestor Ltd increased its holdings in shares of Dayforce by 15.6% during the 1st quarter. Covestor Ltd now owns 1,430 shares of the company's stock valued at $83,000 after acquiring an additional 193 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Dayforce by 3.5% during the 1st quarter. HighTower Advisors LLC now owns 5,931 shares of the company's stock valued at $346,000 after acquiring an additional 203 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Dayforce by 4.1% during the 4th quarter. Stifel Financial Corp now owns 5,206 shares of the company's stock valued at $378,000 after acquiring an additional 205 shares during the last quarter. Finally, National Pension Service increased its holdings in shares of Dayforce by 74.5% during the 1st quarter. National Pension Service now owns 541 shares of the company's stock valued at $32,000 after acquiring an additional 231 shares during the last quarter.

Insider Transactions at Dayforce

In other news, EVP Samer Alkharrat sold 4,659 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $59.69, for a total value of $278,095.71. Following the completion of the transaction, the executive vice president directly owned 127,632 shares of the company's stock, valued at approximately $7,618,354.08. This represents a 3.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 directly owned 103,684 shares of the company's stock, valued at approximately $5,703,656.84. The trade was a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,382 shares of company stock valued at $539,860. Corporate insiders own 4.50% of the company's stock.

Dayforce Stock Performance

Shares of DAY stock traded up $0.27 during mid-day trading on Monday, reaching $69.47. The stock had a trading volume of 2,489,234 shares, compared to its average volume of 3,564,479. The firm's 50 day simple moving average is $57.50 and its 200 day simple moving average is $58.07. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Dayforce, Inc. has a one year low of $48.01 and a one year high of $82.69. The firm has a market cap of $11.09 billion, a PE ratio of 231.57, a P/E/G ratio of 2.60 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DAY shares. William Blair lowered Dayforce from an "outperform" rating to a "hold" rating in a report on Wednesday, August 20th. Piper Sandler raised Dayforce to a "strong-buy" rating in a report on Tuesday, August 19th. KeyCorp lowered Dayforce from an "overweight" rating to a "hold" rating in a report on Friday. UBS Group increased their target price on Dayforce from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Finally, Jefferies Financial Group increased their target price on Dayforce from $60.00 to $70.00 and gave the company a "hold" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, Dayforce has an average rating of "Hold" and a consensus target price of $72.14.

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.