Ensign Peak Advisors Inc Sells 7,135 Shares of Dayforce Inc (NYSE:DAY)

Ensign Peak Advisors Inc lowered its stake in Dayforce Inc (NYSE:DAY) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,284 shares of the company’s stock after selling 7,135 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Dayforce were worth $4,670,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DAY. Principal Financial Group Inc. bought a new position in shares of Dayforce in the third quarter worth about $11,135,000. Czech National Bank raised its stake in Dayforce by 6.2% during the 4th quarter. Czech National Bank now owns 34,193 shares of the company’s stock valued at $2,484,000 after purchasing an additional 1,987 shares during the period. Assenagon Asset Management S.A. raised its stake in Dayforce by 7.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 41,842 shares of the company’s stock valued at $3,039,000 after purchasing an additional 2,893 shares during the period. USA Financial Formulas bought a new stake in Dayforce during the 4th quarter valued at approximately $224,000. Finally, Retireful LLC bought a new stake in Dayforce during the 4th quarter valued at approximately $1,636,000.

Insider Transactions at Dayforce

In related news, EVP Samer Alkharrat sold 1,916 shares of the business’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $56.64, for a total transaction of $108,522.24. Following the completion of the transaction, the executive vice president now owns 150,237 shares in the company, valued at $8,509,423.68. The trade was a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William Everett Mcdonald sold 2,000 shares of the business’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total value of $112,320.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

Dayforce Price Performance

Shares of Dayforce stock opened at $59.36 on Thursday. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of 539.69, a price-to-earnings-growth ratio of 2.49 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. The stock has a 50 day moving average price of $56.33 and a 200-day moving average price of $66.51. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DAY. Scotiabank decreased their target price on Dayforce from $72.00 to $55.00 and set a “sector perform” rating on the stock in a research note on Monday, March 17th. KeyCorp reduced their price objective on Dayforce from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group reduced their price objective on Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, February 6th. Mizuho reduced their price objective on Dayforce from $95.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a research note on Thursday, May 8th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.29.

Dayforce 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.