Creative Planning Invests $276,000 in Dayforce Inc (NYSE:DAY)

Creative Planning acquired a new stake in shares of Dayforce Inc (NYSE:DAY) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 5,563 shares of the company’s stock, valued at approximately $276,000.

A number of other large investors also recently bought and sold shares of the business. Financial Perspectives Inc purchased a new position in shares of Dayforce in the 2nd quarter valued at $28,000. Sentry Investment Management LLC bought a new stake in Dayforce during the second quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. purchased a new position in Dayforce in the second quarter valued at about $62,000. Brown Brothers Harriman & Co. bought a new position in Dayforce in the second quarter worth about $66,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Dayforce during the second quarter valued at about $97,000.

Dayforce Stock Up 1.7 %

Shares of DAY stock opened at $65.00 on Friday. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $74.66. The firm has a market capitalization of $10.26 billion, a PE ratio of 196.97, a P/E/G ratio of 2.23 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s 50-day simple moving average is $58.61 and its 200-day simple moving average is $56.60.

Dayforce (NYSE:DAY) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. The company had revenue of $423.30 million for the quarter, compared to the consensus estimate of $417.41 million. Equities analysts expect that Dayforce Inc will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DAY shares. Mizuho lifted their price objective on shares of Dayforce from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. KeyCorp assumed coverage on shares of Dayforce in a report on Tuesday, September 24th. They issued an “overweight” rating and a $70.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup boosted their target price on Dayforce from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price target on shares of Dayforce in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dayforce currently has a consensus rating of “Moderate Buy” and an average target price of $70.18.

Insider Buying and Selling

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the sale, the insider now directly owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Stephen H. Holdridge sold 1,000 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 $63,370.00. Following the completion of the transaction, the chief operating officer now directly owns 101,437 shares in the company, valued at approximately $6,428,062.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey Scott Jacobs sold 643 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the sale, the insider now owns 34,074 shares in the company, valued at approximately $2,159,269.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate 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.