Retireful LLC Makes New $1.64 Million Investment in Dayforce Inc (NYSE:DAY)

Retireful LLC bought a new stake in Dayforce Inc (NYSE:DAY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,518 shares of the company’s stock, valued at approximately $1,636,000.

A number of other institutional investors have also made changes to their positions in the business. Select Equity Group L.P. bought a new stake in Dayforce during the 2nd quarter worth about $721,310,000. EdgePoint Investment Group Inc. bought a new stake in shares of Dayforce during the second quarter valued at approximately $521,396,000. Dragoneer Investment Group LLC acquired a new stake in shares of Dayforce in the second quarter valued at approximately $193,274,000. Dimensional Fund Advisors LP bought a new position in Dayforce in the 2nd quarter worth approximately $51,027,000. Finally, Squarepoint Ops LLC acquired a new position in Dayforce during the 2nd quarter worth $19,579,000.

Wall Street Analyst Weigh In

Several research firms have recently commented on DAY. Citigroup lowered their target price on Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $94.00 price objective (up from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Stifel Nicolaus upped their target price on shares of Dayforce from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 target price (down previously from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Finally, KeyCorp boosted their price target on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.07.

Dayforce Price Performance

Shares of DAY stock opened at $70.17 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The firm has a fifty day moving average of $75.75 and a 200-day moving average of $64.46. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 212.63, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26.

Insiders Place Their Bets

In other Dayforce news, CEO David D. Ossip sold 858,697 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the sale, the chief executive officer now directly owns 794,527 shares in the company, valued at approximately $63,204,622.85. This trade represents a 51.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $77.00, for a total transaction of $77,000.00. Following the completion of the transaction, the chief operating officer now owns 122,022 shares of the company’s stock, valued at $9,395,694. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 862,697 shares of company stock worth $68,601,106. Corporate insiders own 4.90% of the company’s stock.

Dayforce 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.