Asset Management One Co. Ltd. bought a new stake in Dayforce Inc (NYSE:DAY - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 61,918 shares of the company's stock, valued at approximately $3,792,000.
A number of other institutional investors have also recently made changes to their positions in the company. Candriam S.C.A. purchased a new position in Dayforce in the 2nd quarter valued at $6,027,000. New Mexico Educational Retirement Board purchased a new position in shares of Dayforce in the second quarter worth about $392,000. Acadian Asset Management LLC acquired a new position in Dayforce during the second quarter worth about $287,000. Prudential PLC purchased a new stake in Dayforce during the 2nd quarter valued at about $490,000. Finally, Texas Permanent School Fund Corp purchased a new stake in Dayforce during the 2nd quarter valued at about $1,281,000.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on DAY. KeyCorp assumed coverage on Dayforce in a report on Tuesday, September 24th. They set an "overweight" rating and a $70.00 target price on the stock. Piper Sandler boosted their price objective on Dayforce from $71.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. BMO Capital Markets raised their target price on Dayforce from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Citigroup lifted their price target on Dayforce from $75.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, TD Cowen upped their price objective on shares of Dayforce from $58.00 to $62.00 and gave the company a "hold" rating in a report on Monday, October 7th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $72.67.
View Our Latest Report on DAY
Insider Buying and Selling at Dayforce
In other news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $77.00, for a total transaction of $77,000.00. Following the sale, the chief operating officer now owns 122,022 shares of the company's stock, valued at approximately $9,395,694. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $69.25, for a total value of $138,500.00. Following the completion of the transaction, the chief operating officer now owns 98,437 shares in the company, valued at $6,816,762.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $77.00, for a total transaction of $77,000.00. Following the sale, 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 0.00 % 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 valued at $384,617 in the last three months. 4.90% of the stock is owned by corporate insiders.
Dayforce Trading Up 0.6 %
Shares of Dayforce stock traded up $0.51 on Friday, reaching $81.14. The company had a trading volume of 1,328,375 shares, compared to its average volume of 1,658,037. The firm's 50 day moving average price is $63.22 and its two-hundred day moving average price is $57.57. 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 52-week low of $47.08 and a 52-week high of $81.20. The firm has a market cap of $12.80 billion, a PE ratio of 245.88, a PEG ratio of 3.80 and a beta of 1.27.
Dayforce Company Profile
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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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