OVERSEA CHINESE BANKING Corp Ltd lessened its position in shares of Dayforce Inc (NYSE:DAY - Free Report) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,117 shares of the company's stock after selling 7,029 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned 0.06% of Dayforce worth $5,397,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAY. Select Equity Group L.P. purchased a new stake in shares of Dayforce in the 2nd quarter valued at about $721,310,000. EdgePoint Investment Group Inc. bought a new stake in Dayforce in the 2nd quarter worth $521,396,000. Dragoneer Investment Group LLC purchased a new stake in Dayforce in the second quarter worth $193,274,000. Dimensional Fund Advisors LP purchased a new stake in Dayforce in the second quarter worth $51,027,000. Finally, Cannae Holdings Inc. bought a new stake in shares of Dayforce during the 2nd quarter valued at $49,600,000.
Dayforce Price Performance
DAY stock traded down $0.01 during mid-day trading on Tuesday, reaching $79.65. 758,261 shares of the company's stock were exchanged, compared to its average volume of 1,599,609. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 241.40, a price-to-earnings-growth ratio of 3.81 and a beta of 1.27. The stock's 50 day moving average is $63.67 and its 200 day moving average is $57.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $81.32.
Insider Buying and Selling
In related news, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $69.25, for a total transaction of $138,500.00. Following the transaction, the chief operating officer now owns 98,437 shares in the company, valued at approximately $6,816,762.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Dayforce news, COO Stephen H. Holdridge sold 2,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $69.25, for a total transaction of $138,500.00. Following the completion of the transaction, the chief operating officer now owns 98,437 shares of the company's stock, valued at $6,816,762.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey Scott Jacobs sold 643 shares of the stock in a transaction that occurred 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 owns 34,074 shares in the company, valued at approximately $2,159,269.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,643 shares of company stock worth $384,617. Insiders own 4.90% of the company's stock.
Analysts Set New Price Targets
Several analysts recently weighed in on DAY shares. Piper Sandler upped their price target on Dayforce from $71.00 to $82.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Dayforce from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. TD Cowen boosted their target price 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 reaffirmed a "buy" rating and issued a $82.00 price objective on shares of Dayforce in a research note on Thursday, October 31st. Finally, Jefferies Financial Group increased their price target on Dayforce from $55.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $72.67.
Check Out Our Latest Stock Analysis on Dayforce
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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