Adero Partners LLC bought a new position in Dayforce Inc (NYSE:DAY - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 81,421 shares of the company's stock, valued at approximately $4,987,000. Adero Partners LLC owned approximately 0.05% of Dayforce at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Select Equity Group L.P. purchased a new stake in shares of Dayforce in the second quarter worth approximately $721,310,000. EdgePoint Investment Group Inc. acquired a new position in Dayforce in the 2nd quarter worth about $521,396,000. Dragoneer Investment Group LLC acquired a new position in Dayforce in the 2nd quarter worth about $193,274,000. Dimensional Fund Advisors LP purchased a new stake in shares of Dayforce during the 2nd quarter worth about $51,027,000. Finally, Cannae Holdings Inc. acquired a new stake in shares of Dayforce during the 2nd quarter valued at about $49,600,000.
Insider Transactions at Dayforce
In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $77.00, for a total value of $77,000.00. Following the completion of the transaction, the chief operating officer now directly owns 122,022 shares of the company's stock, valued at approximately $9,395,694. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Scott Jacobs sold 643 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $40,746.91. Following the sale, the insider now directly owns 34,074 shares in the company, valued at $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. Insiders sold a total of 5,643 shares of company stock worth $384,617 over the last 90 days. 4.90% of the stock is owned by insiders.
Dayforce Price Performance
Shares of NYSE DAY traded down $2.18 during midday trading on Friday, reaching $74.56. 1,342,390 shares of the company traded hands, compared to its average volume of 1,960,467. The stock's 50-day simple moving average is $65.44 and its 200-day simple moving average is $58.15. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $81.32. The firm has a market cap of $11.76 billion, a PE ratio of 225.95, a PEG ratio of 3.50 and a beta of 1.27.
Wall Street Analysts Forecast Growth
DAY has been the subject of a number of analyst reports. TD Cowen lifted their target price on shares of Dayforce from $58.00 to $62.00 and gave the company a "hold" rating in a research note on Monday, October 7th. Jefferies Financial Group lifted their price objective on shares of Dayforce from $55.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their target price on Dayforce from $80.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday. 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Dayforce from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $79.08.
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Dayforce Company Profile
(
Free Report)
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.
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