168,415 Shares in Dayforce Inc (NYSE:DAY) Acquired by Sone Capital Management LLC

Sone Capital Management LLC purchased a new position in shares of Dayforce Inc (NYSE:DAY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 168,415 shares of the company's stock, valued at approximately $12,234,000. Dayforce makes up 1.5% of Sone Capital Management LLC's portfolio, making the stock its 17th biggest holding. Sone Capital Management LLC owned about 0.11% of Dayforce at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Twinbeech Capital LP acquired a new stake in Dayforce during the 4th quarter worth $13,272,000. Two Sigma Advisers LP purchased a new position in shares of Dayforce during the fourth quarter worth approximately $661,000. Two Sigma Investments LP purchased a new position in shares of Dayforce during the fourth quarter worth approximately $1,511,000. Siemens Fonds Invest GmbH purchased a new position in shares of Dayforce during the fourth quarter worth approximately $3,669,000. Finally, Quantinno Capital Management LP grew its position in shares of Dayforce by 13.1% during the fourth quarter. Quantinno Capital Management LP now owns 28,243 shares of the company's stock worth $2,052,000 after acquiring an additional 3,268 shares during the last quarter.

Dayforce Price Performance

DAY stock traded down $1.13 on Friday, reaching $57.22. 1,059,142 shares of the company's stock were exchanged, compared to its average volume of 1,764,029. The stock has a fifty day moving average of $56.87 and a 200-day moving average of $65.89. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The firm has a market cap of $9.15 billion, a PE ratio of 520.27, a P/E/G ratio of 2.49 and a beta of 1.17. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47.

Insider Activity

In other news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total transaction of $112,320.00. Following the completion of the sale, the executive vice president now directly owns 105,691 shares in the company, valued at approximately $5,935,606.56. This trade represents a 1.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Samer Alkharrat sold 1,916 shares of the stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $56.64, for a total transaction of $108,522.24. Following the completion of the sale, the executive vice president now directly owns 150,237 shares in the company, valued at approximately $8,509,423.68. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. TD Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating and raised their target price for the stock from $67.00 to $68.00 in a research report on Friday, March 7th. Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Scotiabank dropped their price target on Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a research report on Monday, March 17th. Piper Sandler dropped their price target on Dayforce from $83.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 7th. Finally, Needham & Company LLC restated a "buy" rating and issued a $95.00 price target on shares of Dayforce in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Dayforce currently has a consensus rating of "Moderate Buy" and an average target price of $71.54.

About Dayforce

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.