Peak6 LLC Makes New $424,000 Investment in Dayforce Inc (NYSE:DAY)

Peak6 LLC bought a new stake in shares of Dayforce Inc (NYSE:DAY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,835 shares of the company’s stock, valued at approximately $424,000.

Several other large investors also recently modified their holdings of the stock. Harvest Fund Management Co. Ltd bought a new position in Dayforce during the fourth quarter valued at $61,000. Federated Hermes Inc. purchased a new stake in Dayforce in the 4th quarter worth about $72,000. AlphaQuest LLC raised its stake in Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock valued at $76,000 after acquiring an additional 1,036 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Dayforce by 69.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after purchasing an additional 501 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Dayforce by 52.1% in the fourth quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $213,000 after purchasing an additional 1,002 shares in the last quarter.

Dayforce Trading Down 1.5 %

DAY stock opened at $54.16 on Monday. The company has a market capitalization of $8.57 billion, a PE ratio of 492.38, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. 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 Inc has a one year low of $47.08 and a one year high of $82.69. The company’s 50 day moving average price is $58.30 and its two-hundred day moving average price is $67.32.

Dayforce (NYSE:DAY) last posted 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%. As a group, analysts predict that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DAY. Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Scotiabank dropped their price objective on Dayforce from $72.00 to $55.00 and set a “sector perform” rating on the stock in a report on Monday, March 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $95.00 target price on shares of Dayforce in a report on Thursday, February 6th. Piper Sandler reissued an “overweight” rating and issued a $83.00 price target (down from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Finally, Jefferies Financial Group reduced their price objective on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.79.

Insider Buying and Selling

In other Dayforce news, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total transaction of $112,320.00. Following the completion of the sale, the executive vice president now owns 105,691 shares of the company’s stock, valued at $5,935,606.56. This represents a 1.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.50% of the stock is owned by corporate 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.