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

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

Dayforce Stock Performance

DAY opened at $69.36 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of -73.78, a P/E/G ratio of 2.12 and a beta of 1.18. The business’s 50-day moving average price is $69.20 and its two-hundred day moving average price is $66.63. Dayforce, Inc. has a 1 year low of $48.01 and a 1 year high of $74.03.

Dayforce (NYSE:DAY) last issued its quarterly 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). 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 for the quarter, compared to the consensus estimate of $481.22 million. During the same period in the prior year, the business earned $0.47 earnings per share. Dayforce’s revenue was up 9.5% compared to the same quarter last year. Equities analysts expect that Dayforce, Inc. will post 1.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DAY shares. UBS Group cut Dayforce from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research upgraded shares of Dayforce from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 30th. Weiss Ratings restated a “sell (d)” rating on shares of Dayforce in a research note on Monday, December 29th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dayforce in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $70.36.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Greenland Capital Management LP bought a new position in Dayforce during the second quarter worth about $3,264,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Dayforce by 3.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,506,214 shares of the company’s stock worth $83,429,000 after purchasing an additional 45,623 shares during the period. Andra AP fonden raised its position in shares of Dayforce by 799.6% in the second quarter. Andra AP fonden now owns 35,578 shares of the company’s stock valued at $1,971,000 after buying an additional 31,623 shares in the last quarter. Future Fund LLC bought a new stake in shares of Dayforce in the second quarter valued at approximately $928,000. Finally, Prudential Financial Inc. grew its position in Dayforce by 11.3% during the second quarter. Prudential Financial Inc. now owns 93,342 shares of the company’s stock worth $5,170,000 after buying an additional 9,464 shares in the last quarter.

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.