Dayforce, Inc. (NYSE:DAY) Shares Sold by KBC Group NV

KBC Group NV trimmed its position in Dayforce, Inc. (NYSE:DAY - Free Report) by 88.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,154 shares of the company's stock after selling 205,828 shares during the quarter. KBC Group NV's holdings in Dayforce were worth $1,584,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Metis Global Partners LLC raised its position in Dayforce by 3.8% during the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company's stock valued at $382,000 after acquiring an additional 193 shares in the last quarter. Stifel Financial Corp raised its position in Dayforce by 4.1% during the fourth quarter. Stifel Financial Corp now owns 5,206 shares of the company's stock valued at $378,000 after acquiring an additional 205 shares in the last quarter. United Capital Financial Advisors LLC raised its position in Dayforce by 3.5% during the fourth quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company's stock valued at $490,000 after acquiring an additional 228 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Dayforce by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 43,707 shares of the company's stock valued at $3,175,000 after acquiring an additional 277 shares in the last quarter. Finally, Utah Retirement Systems raised its position in Dayforce by 1.2% during the fourth quarter. Utah Retirement Systems now owns 24,923 shares of the company's stock valued at $1,810,000 after acquiring an additional 300 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have commented on DAY. Barclays dropped their price objective on Dayforce from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company lowered Dayforce from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $60.00 to $50.00 in a report on Friday, June 13th. BMO Capital Markets reissued an "outperform" rating on shares of Dayforce in a report on Tuesday, June 10th. Jefferies Financial Group reissued a "hold" rating on shares of Dayforce in a report on Friday, May 23rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $95.00 price objective on shares of Dayforce in a report on Monday, June 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.86.

Dayforce Price Performance

Shares of NYSE:DAY traded up $1.72 during trading on Friday, reaching $57.22. The stock had a trading volume of 784,116 shares, compared to its average volume of 1,778,842. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.02 and a current ratio of 1.02. The business has a fifty day moving average price of $57.89 and a 200-day moving average price of $61.48. The stock has a market cap of $9.15 billion, a PE ratio of 357.67, a PEG ratio of 2.24 and a beta of 1.08. Dayforce, Inc. has a 1-year low of $47.08 and a 1-year high of $82.69.

Insider Buying and Selling

In other news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the sale, the executive vice president directly owned 105,691 shares of the company's stock, valued at $5,935,606.56. The trade was a 1.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Samer Alkharrat sold 664 shares of Dayforce stock in a transaction that occurred on Wednesday, June 25th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,580 shares of company stock worth $259,321 over the last ninety days. Corporate insiders own 4.50% of the company's stock.

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.