Charles Schwab Investment Management Inc. increased its stake in Dayforce Inc (NYSE:DAY - Free Report) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,395,044 shares of the company's stock after acquiring an additional 8,506 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.88% of Dayforce worth $85,446,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Dayforce during the third quarter worth approximately $4,694,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Dayforce during the 3rd quarter worth approximately $220,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Dayforce in the 3rd quarter valued at $217,000. Swiss National Bank lifted its position in shares of Dayforce by 7.1% during the 3rd quarter. Swiss National Bank now owns 468,600 shares of the company's stock valued at $28,702,000 after acquiring an additional 31,000 shares during the period. Finally, Adero Partners LLC bought a new position in Dayforce during the third quarter worth $4,987,000.
Dayforce Stock Performance
NYSE DAY traded up $0.19 during mid-day trading on Thursday, reaching $79.87. 1,509,923 shares of the stock were exchanged, compared to its average volume of 1,620,566. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The business's 50 day moving average is $68.98 and its 200-day moving average is $59.39. The company has a market capitalization of $12.60 billion, a P/E ratio of 242.03, a P/E/G ratio of 3.84 and a beta of 1.27.
Insider Transactions at Dayforce
In other news, COO Stephen H. Holdridge sold 1,000 shares of the firm'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 $63,370.00. Following the completion of the transaction, the chief operating officer now directly owns 101,437 shares in the company, valued at $6,428,062.69. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David D. Ossip sold 858,697 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total value of $68,309,346.35. Following the transaction, the chief executive officer now directly owns 794,527 shares in the company, valued at approximately $63,204,622.85. The trade was a 51.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 865,340 shares of company stock valued at $68,770,223 over the last ninety days. Insiders own 4.90% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently issued reports on DAY shares. BMO Capital Markets lifted their price target on shares of Dayforce from $80.00 to $90.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Scotiabank began coverage on Dayforce in a report on Monday, November 18th. They set a "sector perform" rating and a $75.00 price objective for the company. TD Cowen boosted their price target on shares of Dayforce from $58.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, October 7th. Needham & Company LLC boosted their target price on Dayforce from $82.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group lifted their price objective on shares of Dayforce from $55.00 to $65.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Dayforce presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.77.
Read Our Latest Stock Analysis on Dayforce
About Dayforce
(
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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