NEOS Investment Management LLC Has $441,000 Stock Position in Dayforce Inc (NYSE:DAY)

NEOS Investment Management LLC raised its holdings in Dayforce Inc (NYSE:DAY) by 25.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,074 shares of the company’s stock after buying an additional 1,238 shares during the quarter. NEOS Investment Management LLC’s holdings in Dayforce were worth $441,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DAY. Quarry LP acquired a new position in shares of Dayforce during the 3rd quarter valued at $51,000. Harvest Fund Management Co. Ltd bought a new stake in Dayforce in the fourth quarter valued at $61,000. AlphaQuest LLC raised its holdings in shares of Dayforce by 14,800.0% during the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock valued at $76,000 after purchasing an additional 1,036 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Dayforce by 69.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock worth $89,000 after purchasing an additional 501 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Dayforce in the 3rd quarter valued at about $179,000.

Insider Buying and Selling

In other news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now directly owns 119,022 shares of the company’s stock, valued at $8,489,839.26. This represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DAY shares. Jefferies Financial Group cut their price target on Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 target price (down from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their price target on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Piper Sandler restated an “overweight” rating and set a $83.00 price objective (down previously from $94.00) on shares of Dayforce in a report on Wednesday, February 5th. Finally, Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.86.

Dayforce Price Performance

Shares of NYSE DAY opened at $58.31 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $9.23 billion, a PE ratio of 530.15, a PEG ratio of 2.49 and a beta of 1.33. The stock’s 50 day moving average price is $63.29 and its 200-day moving average price is $67.98. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $82.69.

Dayforce (NYSE:DAY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. On average, equities analysts anticipate that Dayforce Inc will post 1.48 EPS for the current year.

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.