Dayforce Inc (NYSE:DAY) Stock Holdings Lessened by Metis Global Partners LLC

Metis Global Partners LLC cut its stake in shares of Dayforce Inc (NYSE:DAY) by 48.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,068 shares of the company’s stock after selling 4,767 shares during the quarter. Metis Global Partners LLC’s holdings in Dayforce were worth $310,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Candriam S.C.A. purchased a new stake in shares of Dayforce during the second quarter valued at $6,027,000. New Mexico Educational Retirement Board purchased a new stake in Dayforce during the second quarter valued at about $392,000. Acadian Asset Management LLC purchased a new stake in Dayforce during the second quarter valued at about $287,000. Prudential PLC acquired a new position in shares of Dayforce in the second quarter worth about $490,000. Finally, Texas Permanent School Fund Corp purchased a new position in shares of Dayforce in the second quarter worth approximately $1,281,000.

Dayforce Stock Up 0.2 %

DAY opened at $74.70 on Tuesday. The firm has a market cap of $11.78 billion, a P/E ratio of 226.36, a price-to-earnings-growth ratio of 3.50 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The business has a 50 day moving average price of $65.44 and a 200 day moving average price of $58.15. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $81.32.

Wall Street Analysts Forecast Growth

DAY has been the subject of a number of recent analyst reports. Citigroup raised their price objective on shares of Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their price target on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft upped their price target on Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Mizuho raised their price objective on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group upped their target price on Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.77.

Insider Activity

In related news, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $77.00, for a total transaction of $77,000.00. Following the completion of the transaction, the chief operating officer now owns 122,022 shares of the company’s stock, valued at approximately $9,395,694. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the insider now directly owns 34,074 shares of the company’s stock, valued at $2,159,269.38. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,643 shares of company stock valued at $384,617 over the last 90 days. 4.90% of the stock is currently owned by company insiders.

Dayforce Company 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.