Jones Financial Companies Lllp Sells 1,014 Shares of Dayforce Inc (NYSE:DAY)

Jones Financial Companies Lllp cut its holdings in Dayforce Inc (NYSE:DAY) by 38.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,599 shares of the company’s stock after selling 1,014 shares during the period. Jones Financial Companies Lllp’s holdings in Dayforce were worth $116,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock worth $89,000 after buying an additional 501 shares during the last quarter. Metis Global Partners LLC grew its holdings in Dayforce by 3.8% during the 4th quarter. Metis Global Partners LLC now owns 5,261 shares of the company’s stock valued at $382,000 after purchasing an additional 193 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Dayforce by 38.4% during the 4th quarter. Fisher Asset Management LLC now owns 55,361 shares of the company’s stock valued at $4,021,000 after purchasing an additional 15,359 shares during the last quarter. QRG Capital Management Inc. bought a new position in Dayforce during the 4th quarter valued at about $227,000. Finally, Proficio Capital Partners LLC bought a new position in Dayforce during the 4th quarter valued at about $1,314,000.

Dayforce Price Performance

Shares of DAY opened at $55.45 on Friday. The company has a 50 day moving average price of $65.69 and a 200-day moving average price of $67.75. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The stock has a market capitalization of $8.81 billion, a PE ratio of 504.12, a PEG ratio of 2.49 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13.

Dayforce (NYSE:DAY) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. Equities analysts predict that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays cut their price target on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $80.00 price target (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Stifel Nicolaus cut their price target on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. TD Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating and upped their price target for the company from $67.00 to $68.00 in a report on Friday, March 7th. Finally, Jefferies Financial Group lowered their price objective on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.07.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now owns 119,022 shares in the company, valued at $8,489,839.26. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.90% of the company’s stock.

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.