Price Rowe Associates Inc /M Sells 39,558 Shares of Dayforce (NYSE:DAY) Stock

Dayforce, Inc. (NYSE:DAY) major shareholder Price Rowe Associates Inc /M sold 39,558 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $68.45, for a total value of $2,707,745.10. Following the completion of the sale, the insider owned 24,753,418 shares in the company, valued at $1,694,371,462.10. This trade represents a 0.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Dayforce Price Performance

Shares of DAY stock traded down $0.05 on Monday, reaching $68.70. The company’s stock had a trading volume of 2,102,859 shares, compared to its average volume of 2,167,038. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23. Dayforce, Inc. has a 12-month low of $48.01 and a 12-month high of $82.69. The company has a market capitalization of $10.99 billion, a P/E ratio of -73.08, a PEG ratio of 2.53 and a beta of 1.17. The stock’s 50 day simple moving average is $68.86 and its 200-day simple moving average is $61.65.

Dayforce (NYSE:DAY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.19). Dayforce had a positive return on equity of 6.54% and a negative net margin of 7.91%.The business had revenue of $481.60 million during the quarter, compared to analysts’ expectations of $481.22 million. During the same quarter last year, the business posted $0.47 EPS. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts predict that Dayforce, Inc. will post 1.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Dayforce by 1.7% in the second quarter. Vanguard Group Inc. now owns 17,648,163 shares of the company’s stock worth $977,532,000 after buying an additional 296,198 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Dayforce by 9.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,620,415 shares of the company’s stock valued at $969,470,000 after purchasing an additional 1,387,943 shares during the period. EdgePoint Investment Group Inc. increased its holdings in Dayforce by 17.2% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 16,244,490 shares of the company’s stock valued at $899,782,000 after purchasing an additional 2,383,969 shares during the period. Dragoneer Investment Group LLC increased its holdings in Dayforce by 0.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 4,749,842 shares of the company’s stock valued at $263,094,000 after purchasing an additional 23,592 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Dayforce by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 4,014,285 shares of the company’s stock valued at $221,912,000 after purchasing an additional 13,139 shares during the period.

Analyst Upgrades and Downgrades

DAY has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Dayforce in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Dayforce in a research report on Thursday. William Blair downgraded Dayforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 20th. Stifel Nicolaus restated a “hold” rating and set a $70.00 price target (down previously from $72.00) on shares of Dayforce in a research report on Friday, September 19th. Finally, Barclays raised their price target on Dayforce from $61.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.36.

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.