Jeffrey Scott Jacobs Sells 500 Shares of Dayforce (NYSE:DAY) Stock

Dayforce, Inc. (NYSE:DAY) insider Jeffrey Scott Jacobs sold 500 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $69.36, for a total value of $34,680.00. Following the sale, the insider owned 48,901 shares in the company, valued at $3,391,773.36. The trade was a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dayforce Stock Performance

Dayforce stock opened at $69.16 on Friday. The stock has a 50-day simple moving average of $69.21 and a 200 day simple moving average of $66.64. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of -73.57, a P/E/G ratio of 2.12 and a beta of 1.18. 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 $72.28.

Dayforce (NYSE:DAY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 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 company had revenue of $481.60 million for the quarter, compared to the consensus estimate of $481.22 million. During the same period in the prior year, the company earned $0.47 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, research analysts anticipate that Dayforce, Inc. will post 1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

DAY has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Dayforce in a research report on Monday, December 29th. UBS Group downgraded Dayforce from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dayforce in a research note on Thursday, October 30th. Finally, Zacks Research upgraded Dayforce from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $70.36.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MUFG Securities EMEA plc bought a new stake in Dayforce in the second quarter valued at about $26,000. UMB Bank n.a. increased its stake in shares of Dayforce by 82.6% in the 3rd quarter. UMB Bank n.a. now owns 431 shares of the company’s stock valued at $30,000 after acquiring an additional 195 shares during the last quarter. Assetmark Inc. raised its position in shares of Dayforce by 701.4% in the 2nd quarter. Assetmark Inc. now owns 561 shares of the company’s stock valued at $31,000 after acquiring an additional 491 shares during the period. True Wealth Design LLC raised its position in shares of Dayforce by 419.1% in the 4th quarter. True Wealth Design LLC now owns 462 shares of the company’s stock valued at $32,000 after acquiring an additional 373 shares during the period. Finally, Quent Capital LLC bought a new position in Dayforce during the 3rd quarter worth approximately $34,000.

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. The company also provides payroll and payroll-related services; and implementation and professional services.