BNP PARIBAS ASSET MANAGEMENT Holding S.A. Invests $4.69 Million in Dayforce Inc (NYSE:DAY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Dayforce Inc (NYSE:DAY - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 76,641 shares of the company's stock, valued at approximately $4,694,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Select Equity Group L.P. acquired a new position in shares of Dayforce in the 2nd quarter valued at about $721,310,000. EdgePoint Investment Group Inc. acquired a new position in Dayforce during the 2nd quarter worth approximately $521,396,000. Dragoneer Investment Group LLC acquired a new position in Dayforce during the 2nd quarter worth approximately $193,274,000. Dimensional Fund Advisors LP acquired a new position in Dayforce during the 2nd quarter worth approximately $51,027,000. Finally, Cannae Holdings Inc. acquired a new position in Dayforce during the 2nd quarter worth approximately $49,600,000.

Insider Buying and Selling at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction 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 of the company's stock, valued at approximately $6,428,062.69. This represents a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Scott Jacobs sold 643 shares of the 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 transaction, the insider now directly owns 34,074 shares of the company's stock, valued at approximately $2,159,269.38. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,643 shares of company stock valued at $460,877. Company insiders own 4.90% of the company's stock.

Dayforce Stock Performance

Shares of DAY stock traded up $2.04 during trading on Monday, hitting $81.83. The company's stock had a trading volume of 2,987,458 shares, compared to its average volume of 1,604,815. The company has a market cap of $12.90 billion, a PE ratio of 247.98, a P/E/G ratio of 3.75 and a beta of 1.27. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $67.75 and a 200-day moving average of $58.96. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DAY shares. Citigroup upped their price target on Dayforce from $75.00 to $81.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. KeyCorp upped their price target on 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 increased their price objective on Dayforce from $80.00 to $90.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft increased their price objective on Dayforce from $70.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group increased their price objective on Dayforce from $55.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $78.77.

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.