Friedenthal Financial Acquires Shares of 11,345 Dayforce Inc (NYSE:DAY)

Friedenthal Financial acquired a new stake in Dayforce Inc (NYSE:DAY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,345 shares of the company's stock, valued at approximately $824,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAY. Financial Perspectives Inc bought a new stake in shares of Dayforce in the 2nd quarter valued at approximately $28,000. Quent Capital LLC acquired a new position in Dayforce in the third quarter worth $28,000. Sentry Investment Management LLC bought a new stake in Dayforce during the second quarter valued at $33,000. Farther Finance Advisors LLC acquired a new stake in shares of Dayforce during the third quarter worth $40,000. Finally, Quarry LP bought a new position in shares of Dayforce in the 3rd quarter worth about $51,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DAY. Stifel Nicolaus boosted their price objective on shares of Dayforce from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Citigroup upped their target price on Dayforce from $75.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, October 31st. KeyCorp raised their price target on Dayforce from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. BMO Capital Markets upped 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. Finally, Scotiabank initiated coverage on Dayforce in a research note on Monday, November 18th. They issued a "sector perform" rating and a $75.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Dayforce currently has a consensus rating of "Moderate Buy" and an average target price of $79.93.

Dayforce Price Performance

Shares of NYSE DAY traded up $0.26 during mid-day trading on Monday, reaching $70.55. 985,150 shares of the company traded hands, compared to its average volume of 1,180,707. The firm has a market cap of $11.13 billion, a PE ratio of 213.79, a price-to-earnings-growth ratio of 3.68 and a beta of 1.26. 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 fifty-two week low of $47.08 and a fifty-two week high of $82.69. The stock has a fifty day simple moving average of $76.30 and a 200-day simple moving average of $64.23.

Insider Transactions at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $76.26, for a total value of $76,260.00. Following the transaction, the chief operating officer now owns 121,022 shares of the company's stock, valued at approximately $9,229,137.72. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David D. Ossip sold 858,697 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total value of $68,309,346.35. Following the sale, the chief executive officer now owns 794,527 shares of the company's stock, valued at $63,204,622.85. This trade represents a 51.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 865,340 shares of company stock valued at $68,770,223. Corporate insiders own 4.90% of the company's stock.

Dayforce Company 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.