Simon Quick Advisors LLC Has $764,000 Stake in Dayforce Inc (NYSE:DAY)

Simon Quick Advisors LLC reduced its holdings in Dayforce Inc (NYSE:DAY) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,516 shares of the company’s stock after selling 2,904 shares during the period. Simon Quick Advisors LLC’s holdings in Dayforce were worth $764,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAY. American Century Companies Inc. acquired a new stake in shares of Dayforce in the second quarter valued at about $264,000. Envestnet Asset Management Inc. acquired a new position in shares of Dayforce during the 2nd quarter worth approximately $1,904,000. Dimensional Fund Advisors LP bought a new stake in shares of Dayforce during the 2nd quarter worth approximately $51,027,000. Mutual of America Capital Management LLC acquired a new stake in shares of Dayforce in the 2nd quarter valued at approximately $988,000. Finally, Amalgamated Bank bought a new position in shares of Dayforce in the second quarter valued at $1,572,000.

Analysts Set New Price Targets

Several research firms have issued reports on DAY. Mizuho upped their price target on shares of Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 target price (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. KeyCorp lifted their price target on Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Citigroup dropped their price objective on Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Scotiabank initiated coverage on Dayforce in a research report on Monday, November 18th. They issued a “sector perform” rating and a $75.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.07.

Insider Buying and Selling at Dayforce

In related news, CEO David D. Ossip sold 858,697 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total value of $68,309,346.35. Following the completion of the sale, the chief executive officer now directly owns 794,527 shares in the company, valued at approximately $63,204,622.85. The trade was a 51.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. This represents a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 863,697 shares of company stock valued at $68,672,436 in the last quarter. Company insiders own 4.90% of the company’s stock.

Dayforce Trading Up 0.4 %

DAY stock opened at $69.84 on Thursday. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The company has a market capitalization of $11.01 billion, a PE ratio of 211.64, a price-to-earnings-growth ratio of 2.55 and a beta of 1.26. The company’s 50-day simple moving average is $75.12 and its 200 day simple moving average is $65.04. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15.

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.