Dayforce, Inc. $DAY Stock Holdings Lessened by Voya Investment Management LLC

Voya Investment Management LLC cut its stake in shares of Dayforce, Inc. (NYSE:DAY) by 29.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,853 shares of the company’s stock after selling 14,210 shares during the quarter. Voya Investment Management LLC’s holdings in Dayforce were worth $2,332,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its holdings in shares of Dayforce by 1.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 19,984 shares of the company’s stock valued at $1,103,000 after purchasing an additional 196 shares during the last quarter. HighTower Advisors LLC lifted its stake in Dayforce by 3.5% during the first quarter. HighTower Advisors LLC now owns 5,931 shares of the company’s stock valued at $346,000 after buying an additional 203 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Dayforce by 50.5% during the second quarter. EverSource Wealth Advisors LLC now owns 715 shares of the company’s stock valued at $40,000 after buying an additional 240 shares in the last quarter. CX Institutional boosted its holdings in shares of Dayforce by 8.5% in the second quarter. CX Institutional now owns 3,538 shares of the company’s stock worth $196,000 after buying an additional 276 shares during the period. Finally, Cetera Investment Advisers increased its position in shares of Dayforce by 4.2% in the second quarter. Cetera Investment Advisers now owns 7,934 shares of the company’s stock worth $439,000 after acquiring an additional 320 shares in the last quarter.

Insider Buying and Selling at Dayforce

In other news, EVP Samer Alkharrat sold 3,233 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $68.55, for a total transaction of $221,622.15. Following the transaction, the executive vice president owned 117,934 shares in the company, valued at approximately $8,084,375.70. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction on Friday, November 14th. The shares were sold at an average price of $68.87, for a total transaction of $137,740.00. Following the completion of the sale, the chief operating officer directly owned 178,814 shares of the company’s stock, valued at approximately $12,314,920.18. The trade was a 1.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,947 shares of company stock worth $4,859,263 in the last ninety days. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DAY shares. Needham & Company LLC restated a “hold” rating on shares of Dayforce in a research report on Thursday, October 30th. Stifel Nicolaus restated a “hold” rating and issued a $70.00 target price (down previously from $72.00) on shares of Dayforce in a report on Friday, September 19th. Citigroup downgraded Dayforce from a “buy” rating to a “neutral” rating and set a $70.00 price target on the stock. in a report on Wednesday, September 17th. Zacks Research lowered Dayforce from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 5th. Finally, UBS Group lowered Dayforce from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $70.36.

Dayforce Price Performance

DAY opened at $69.19 on Friday. The stock has a fifty day moving average price of $68.89 and a 200 day moving average price of $64.65. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. Dayforce, Inc. has a 1 year low of $48.01 and a 1 year high of $75.14. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of -73.61, a PEG ratio of 2.76 and a beta of 1.20.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.19). The firm had revenue of $481.60 million during the quarter, compared to analyst estimates of $481.22 million. Dayforce had a positive return on equity of 6.54% and a negative net margin of 7.91%.The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.47 earnings per share. Analysts forecast that Dayforce, Inc. will post 1.48 EPS for the current fiscal year.

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