Blueshift Asset Management LLC Cuts Stake in Dayforce Inc (NYSE:DAY)

Blueshift Asset Management LLC lessened its holdings in Dayforce Inc (NYSE:DAY) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,034 shares of the company’s stock after selling 1,504 shares during the period. Blueshift Asset Management LLC’s holdings in Dayforce were worth $1,288,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Financial Perspectives Inc purchased a new position in Dayforce in the second quarter valued at approximately $28,000. Quent Capital LLC purchased a new stake in shares of Dayforce in the 3rd quarter valued at about $28,000. Sentry Investment Management LLC purchased a new position in shares of Dayforce during the second quarter worth approximately $33,000. Farther Finance Advisors LLC acquired a new stake in Dayforce during the 3rd quarter worth $40,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in Dayforce during the 2nd quarter worth $62,000.

Dayforce Price Performance

Shares of NYSE:DAY opened at $79.70 on Wednesday. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 241.52, a price-to-earnings-growth ratio of 3.84 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The business’s 50 day simple moving average is $68.17 and its 200-day simple moving average is $59.10. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69.

Analyst Upgrades and Downgrades

DAY has been the subject of several analyst reports. TD Cowen upped their price objective on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, October 7th. KeyCorp upped their price target on Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. BMO Capital Markets increased their price target on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Needham & Company LLC boosted their price objective on shares of Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler restated an “overweight” rating and issued a $94.00 target price (up previously from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.77.

Insider Buying and Selling

In other news, insider Jeffrey Scott Jacobs sold 643 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the sale, the insider now directly owns 34,074 shares in the company, valued at $2,159,269.38. This represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the transaction, the chief operating officer now owns 101,437 shares of the company’s stock, valued at $6,428,062.69. This represents a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,643 shares of company stock valued at $460,877. 4.90% of the stock is owned by insiders.

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.