121,981 Shares in Dayforce Inc (NYSE:DAY) Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new position in shares of Dayforce Inc (NYSE:DAY) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 121,981 shares of the company’s stock, valued at approximately $8,861,000.

A number of other hedge funds have also recently bought and sold shares of DAY. Harvest Fund Management Co. Ltd acquired a new stake in Dayforce during the 4th quarter valued at approximately $61,000. Federated Hermes Inc. acquired a new position in Dayforce in the fourth quarter worth approximately $72,000. AlphaQuest LLC boosted its holdings in shares of Dayforce by 14,800.0% in the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after buying an additional 1,036 shares during the period. Smartleaf Asset Management LLC raised its position 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 buying an additional 501 shares during the period. Finally, GAMMA Investing LLC lifted its position in Dayforce by 52.1% in the 4th quarter. GAMMA Investing LLC now owns 2,926 shares of the company’s stock worth $213,000 after buying an additional 1,002 shares in the last quarter.

Wall Street Analyst Weigh In

DAY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $80.00 price target (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Scotiabank lowered their price objective on shares of Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a research report on Monday, March 17th. Mizuho dropped their target price on shares of Dayforce from $95.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Barclays decreased their target price on Dayforce from $69.00 to $61.00 and set an “equal weight” rating for the company in a research note on Monday, April 21st. Finally, Stifel Nicolaus reduced their price target on Dayforce from $90.00 to $85.00 and set a “buy” 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 issued a buy rating to the stock. According to data from MarketBeat, Dayforce presently has an average rating of “Moderate Buy” and an average target price of $73.79.

Dayforce Stock Performance

NYSE:DAY opened at $57.36 on Wednesday. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 521.50, a PEG ratio of 2.49 and a beta of 1.20. The stock’s 50 day simple moving average is $56.78 and its two-hundred day simple moving average is $67.00. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15.

Dayforce (NYSE:DAY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts anticipate that Dayforce Inc will post 1.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dayforce news, EVP Samer Alkharrat sold 1,916 shares of the company’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $56.64, for a total value of $108,522.24. Following the transaction, the executive vice president now directly owns 150,237 shares in the company, valued at approximately $8,509,423.68. This represents a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William Everett Mcdonald sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the sale, the executive vice president now owns 105,691 shares of the company’s stock, valued at approximately $5,935,606.56. The trade was a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.50% of the stock is owned by company 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.