Simon Quick Advisors LLC Has $764,000 Stake in Dayforce Inc (NYSE:DAY)

Simon Quick Advisors LLC reduced its stake in Dayforce Inc (NYSE:DAY) by 21.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,516 shares of the company’s stock after selling 2,904 shares during the period. Simon Quick Advisors LLC’s holdings in Dayforce were worth $764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quent Capital LLC acquired a new stake in Dayforce in the third quarter valued at approximately $28,000. Farther Finance Advisors LLC bought a new position in shares of Dayforce in the 3rd quarter valued at $40,000. Quarry LP acquired a new stake in shares of Dayforce during the 3rd quarter valued at $51,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Dayforce during the 3rd quarter worth $74,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in Dayforce during the 2nd quarter worth $62,000.

Analyst Ratings Changes

Several equities analysts have commented on DAY shares. Mizuho increased their target price on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. KeyCorp lifted their target price on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Piper Sandler restated an “overweight” rating and issued a $94.00 price target (up from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Citigroup cut their price target on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Barclays decreased their price objective on Dayforce from $84.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dayforce currently has an average rating of “Moderate Buy” and a consensus target price of $80.07.

Insiders Place Their Bets

In other Dayforce news, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $69.25, for a total value of $138,500.00. Following the completion of the sale, the chief operating officer now directly owns 98,437 shares of the company’s stock, valued at approximately $6,816,762.25. The trade was a 1.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David D. Ossip sold 858,697 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the transaction, the chief executive officer now directly owns 794,527 shares in the company, valued at $63,204,622.85. This trade represents a 51.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 863,697 shares of company stock worth $68,672,436. 4.90% of the stock is owned by corporate insiders.

Dayforce Stock Up 0.4 %

Shares of NYSE:DAY opened at $69.84 on Thursday. 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 1.15 and a quick ratio of 1.15. The business’s 50-day moving average is $75.12 and its 200-day moving average is $65.04. The company has a market capitalization of $11.01 billion, a price-to-earnings ratio of 211.64, a P/E/G ratio of 2.55 and a beta of 1.26.

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.