Lbp Am Sa Cuts Stake in Dayforce, Inc. (NYSE:DAY)

LBP AM SA cut its position in Dayforce, Inc. (NYSE:DAY - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,724 shares of the company's stock after selling 5,187 shares during the quarter. LBP AM SA owned about 0.08% of Dayforce worth $7,742,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in Dayforce in the 4th quarter worth about $1,314,000. Raymond James Financial Inc. purchased a new position in shares of Dayforce during the fourth quarter worth about $1,764,000. PNC Financial Services Group Inc. grew its holdings in shares of Dayforce by 6.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,282 shares of the company's stock worth $820,000 after purchasing an additional 650 shares in the last quarter. Amundi grew its holdings in shares of Dayforce by 25.1% during the fourth quarter. Amundi now owns 487,630 shares of the company's stock worth $34,197,000 after purchasing an additional 97,915 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in shares of Dayforce by 14,800.0% during the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after purchasing an additional 1,036 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DAY. Needham & Company LLC reissued a "buy" rating and set a $95.00 price objective on shares of Dayforce in a report on Monday, June 30th. Mizuho reduced their price objective on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. BMO Capital Markets reiterated an "outperform" rating on shares of Dayforce in a research report on Tuesday, June 10th. Barclays reduced their price objective on Dayforce from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, UBS Group increased their price objective on Dayforce from $68.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Dayforce presently has a consensus rating of "Moderate Buy" and an average price target of $70.86.

Insider Buying and Selling

In related news, EVP Samer Alkharrat sold 1,916 shares of the firm's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $56.64, for a total value of $108,522.24. Following the transaction, the executive vice president directly owned 150,237 shares of the company's stock, valued at approximately $8,509,423.68. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total value of $112,320.00. Following the transaction, the executive vice president owned 105,691 shares in the company, valued at $5,935,606.56. This trade represents a 1.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,580 shares of company stock valued at $259,321. 4.50% of the stock is owned by corporate insiders.

Dayforce Stock Down 1.4%

DAY stock traded down $0.80 on Thursday, reaching $58.26. 1,165,449 shares of the company traded hands, compared to its average volume of 1,764,760. 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 0.24, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $9.31 billion, a P/E ratio of 364.15, a price-to-earnings-growth ratio of 2.27 and a beta of 1.08. The firm has a fifty day simple moving average of $57.91 and a 200-day simple moving average of $61.23.

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.