Dayforce, Inc. $DAY Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP reduced its position in Dayforce, Inc. (NYSE:DAY) by 60.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,074 shares of the company’s stock after selling 35,861 shares during the period. Greenland Capital Management LP’s holdings in Dayforce were worth $1,590,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Dayforce by 3.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,506,214 shares of the company’s stock worth $83,429,000 after buying an additional 45,623 shares in the last quarter. Versor Investments LP raised its position in Dayforce by 1,416.1% during the third quarter. Versor Investments LP now owns 168,254 shares of the company’s stock worth $11,591,000 after acquiring an additional 157,156 shares during the last quarter. Andra AP fonden lifted its holdings 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 purchasing an additional 31,623 shares in the last quarter. Future Fund LLC acquired a new stake in shares of Dayforce in the second quarter valued at approximately $928,000. Finally, Prudential Financial Inc. increased its stake in shares of Dayforce by 11.3% during the 2nd quarter. Prudential Financial Inc. now owns 93,342 shares of the company’s stock worth $5,170,000 after purchasing an additional 9,464 shares in the last quarter.

Wall Street Analyst Weigh In

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

Insider Activity at Dayforce

In related news, insider Jeffrey Scott Jacobs sold 500 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $69.36, for a total value of $34,680.00. Following the transaction, the insider directly owned 48,901 shares of the company’s stock, valued at approximately $3,391,773.36. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.50% of the stock is currently owned by insiders.

Dayforce Trading Up 1.5%

Shares of DAY stock opened at $69.97 on Tuesday. The firm’s 50-day simple moving average is $69.47 and its 200-day simple moving average is $68.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. Dayforce, Inc. has a 1-year low of $48.01 and a 1-year high of $72.28. The firm has a market cap of $11.20 billion, a P/E ratio of -74.44, a PEG ratio of 2.13 and a beta of 1.16.

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.