Petrus Trust Company LTA Has $876,000 Stock Position in Dayforce, Inc. $DAY

Key Points

• Petrus Trust Company LTA increased its holdings in Dayforce, Inc. by 214.0% during the first quarter, now owning 15,018 shares valued at approximately $876,000.
• Insider selling activity includes EVP William Everett Mcdonald selling 2,059 shares, resulting in a 1.95% decrease in his ownership, while EVP Samer Alkharrat sold 4,659 shares, leading to a 3.52% decrease in his stake.
• Market analysts have mixed ratings on Dayforce, with Needham & Company downgrading to a "hold" rating, while Piper Sandler upgraded the stock to a "strong-buy" rating.

Petrus Trust Company LTA lifted its position in shares of Dayforce, Inc. (NYSE:DAY - Free Report) by 214.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,018 shares of the company's stock after acquiring an additional 10,235 shares during the quarter. Petrus Trust Company LTA's holdings in Dayforce were worth $876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of Dayforce during the first quarter worth $30,000. National Pension Service raised its position in shares of Dayforce by 74.5% during the first quarter. National Pension Service now owns 541 shares of the company's stock worth $32,000 after acquiring an additional 231 shares during the last quarter. Mather Group LLC. raised its position in shares of Dayforce by 196.9% during the first quarter. Mather Group LLC. now owns 962 shares of the company's stock worth $56,000 after acquiring an additional 638 shares during the last quarter. Covestor Ltd raised its position in shares of Dayforce by 15.6% during the first quarter. Covestor Ltd now owns 1,430 shares of the company's stock worth $83,000 after acquiring an additional 193 shares during the last quarter. Finally, Groupe la Francaise bought a new stake in shares of Dayforce during the first quarter worth $143,000.

Insider Buying and Selling at Dayforce

In other Dayforce news, EVP Samer Alkharrat sold 4,659 shares of Dayforce stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $59.69, for a total value of $278,095.71. Following the sale, the executive vice president owned 127,632 shares of the company's stock, valued at $7,618,354.08. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William Everett Mcdonald sold 2,059 shares of Dayforce stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total value of $113,265.59. Following the completion of the sale, the executive vice president directly owned 103,684 shares in the company, valued at $5,703,656.84. This represents a 1.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,382 shares of company stock valued at $539,860 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DAY shares. Needham & Company LLC cut Dayforce from a "buy" rating to a "hold" rating and set a $95.00 price objective for the company. in a research note on Friday, August 22nd. Mizuho set a $70.00 price objective on Dayforce in a research note on Friday, August 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Dayforce from $60.00 to $70.00 and gave the stock a "hold" rating in a research note on Friday, August 22nd. Barclays lifted their price objective on Dayforce from $61.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Friday, August 22nd. Finally, Piper Sandler raised Dayforce to a "strong-buy" rating in a research note on Tuesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $71.43.

Dayforce Trading Down 0.6%

NYSE:DAY traded down $0.41 on Tuesday, reaching $68.93. The company's stock had a trading volume of 1,642,113 shares, compared to its average volume of 3,423,847. Dayforce, Inc. has a 1-year low of $48.01 and a 1-year high of $82.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $11.01 billion, a PE ratio of 229.77, a PEG ratio of 2.56 and a beta of 1.14. The business's 50-day moving average price is $60.42 and its two-hundred day moving average price is $58.37.

Dayforce (NYSE:DAY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. Dayforce had a return on equity of 7.37% and a net margin of 2.65%.The firm had revenue of $464.70 million for the quarter, compared to the consensus estimate of $457.83 million. During the same quarter last year, the business posted $0.48 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts anticipate that Dayforce, Inc. will post 1.48 earnings per share for the current fiscal year.

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.