Squarepoint Ops LLC decreased its stake in Dayforce Inc (NYSE:DAY - Free Report) by 99.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,889 shares of the company's stock after selling 568,262 shares during the period. Squarepoint Ops LLC's holdings in Dayforce were worth $428,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in DAY. Twinbeech Capital LP acquired a new stake in shares of Dayforce during the 4th quarter valued at approximately $13,272,000. Two Sigma Advisers LP purchased a new position in Dayforce in the 4th quarter valued at approximately $661,000. Two Sigma Investments LP purchased a new position in Dayforce in the 4th quarter valued at approximately $1,511,000. Siemens Fonds Invest GmbH acquired a new position in Dayforce during the fourth quarter worth $3,669,000. Finally, Quantinno Capital Management LP boosted its position in 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 purchasing an additional 3,268 shares in the last quarter.
Insiders Place Their Bets
In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the completion of the sale, the executive vice president now owns 105,691 shares in the company, valued at $5,935,606.56. The trade was a 1.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Samer Alkharrat sold 1,916 shares of the company's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $56.64, for a total value of $108,522.24. Following the sale, the executive vice president now owns 150,237 shares of the company's stock, valued at $8,509,423.68. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company's stock.
Dayforce Trading Up 2.0%
Shares of DAY traded up $1.21 on Friday, hitting $60.39. 1,103,853 shares of the stock traded hands, compared to its average volume of 1,776,443. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The stock's 50 day moving average is $56.83 and its two-hundred day moving average is $64.39. The firm has a market capitalization of $9.66 billion, a P/E ratio of 549.06, a P/E/G ratio of 2.49 and a beta of 1.12. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47.
Analyst Ratings Changes
A number of research analysts have recently weighed in on DAY shares. Scotiabank dropped their price target on Dayforce from $72.00 to $55.00 and set a "sector perform" rating for the company in a research report on Monday, March 17th. Needham & Company LLC restated a "buy" rating and set a $95.00 target price on shares of Dayforce in a report on Thursday, May 8th. Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Dayforce in a report on Friday, May 23rd. Finally, Citigroup raised their price objective on shares of Dayforce from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $71.57.
Check Out Our Latest Report on DAY
Dayforce Profile
(
Free Report)
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.
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