ProShare Advisors LLC Raises Stock Holdings in Dayforce, Inc. $DAY

ProShare Advisors LLC raised its stake in Dayforce, Inc. (NYSE:DAY) by 36.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,505 shares of the company’s stock after purchasing an additional 10,013 shares during the period. ProShare Advisors LLC’s holdings in Dayforce were worth $2,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in DAY. Resona Asset Management Co. Ltd. grew its position in shares of Dayforce by 9.4% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 1,897 shares of the company’s stock worth $131,000 after buying an additional 163 shares during the last quarter. UMB Bank n.a. boosted its stake in Dayforce by 82.6% in the third quarter. UMB Bank n.a. now owns 431 shares of the company’s stock valued at $30,000 after acquiring an additional 195 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Dayforce by 1.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 19,984 shares of the company’s stock worth $1,103,000 after purchasing an additional 196 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Dayforce by 50.5% during the second quarter. EverSource Wealth Advisors LLC now owns 715 shares of the company’s stock worth $40,000 after purchasing an additional 240 shares in the last quarter. Finally, CX Institutional lifted its holdings in shares of Dayforce by 7.0% during the 3rd quarter. CX Institutional now owns 3,785 shares of the company’s stock valued at $261,000 after purchasing an additional 247 shares during the last quarter.

Dayforce Trading Up 1.5%

Shares of Dayforce stock opened at $69.97 on Friday. Dayforce, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $72.28. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of -74.44, a PEG ratio of 2.13 and a beta of 1.16. The stock has a 50 day moving average of $69.37 and a 200 day moving average of $67.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04.

Insider Buying and Selling

In other news, insider Jeffrey Scott Jacobs sold 500 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 48,901 shares of the company’s stock, valued at approximately $3,391,773.36. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.