Captrust Financial Advisors Trims Stake in Dayforce Inc (NYSE:DAY)

Captrust Financial Advisors lowered its position in shares of Dayforce Inc (NYSE:DAY) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,166 shares of the company’s stock after selling 467 shares during the quarter. Captrust Financial Advisors’ holdings in Dayforce were worth $316,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DAY. Quent Capital LLC bought a new position in Dayforce during the 3rd quarter valued at about $28,000. Financial Perspectives Inc bought a new position in shares of Dayforce during the 2nd quarter valued at about $28,000. Farther Finance Advisors LLC bought a new position in Dayforce during the third quarter valued at approximately $40,000. Sentry Investment Management LLC purchased a new position in shares of Dayforce in the second quarter valued at $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Dayforce during the 3rd quarter valued at about $74,000.

Analysts Set New Price Targets

DAY has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their target price on shares of Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Needham & Company LLC boosted their price target on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. KeyCorp increased their price objective 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. BMO Capital Markets lifted their price target on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Barclays raised their target price on Dayforce from $80.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Dayforce presently has a consensus rating of “Moderate Buy” and an average target price of $79.08.

Dayforce Trading Down 0.5 %

Shares of DAY stock opened at $77.17 on Friday. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 233.85, a PEG ratio of 3.68 and a beta of 1.26. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69. The firm has a 50-day moving average price of $73.09 and a 200 day moving average price of $60.75.

Insider Activity at Dayforce

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $40,746.91. Following the sale, the insider now directly owns 34,074 shares in the company, valued at $2,159,269.38. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $65.00, for a total value of $65,000.00. Following the completion of the transaction, the chief operating officer now owns 100,437 shares of the company’s stock, valued at $6,528,405. This trade represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 865,340 shares of company stock worth $68,770,223. 4.90% of the stock is owned by insiders.

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.