Geode Capital Management LLC Has $230.88 Million Holdings in Dayforce Inc (NYSE:DAY)

Geode Capital Management LLC lifted its position in shares of Dayforce Inc (NYSE:DAY - Free Report) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,782,024 shares of the company's stock after acquiring an additional 30,302 shares during the quarter. Geode Capital Management LLC owned approximately 2.40% of Dayforce worth $230,875,000 at the end of the most recent reporting period.

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

Dayforce Stock Down 0.5 %

Shares of NYSE:DAY traded down $0.36 during midday trading on Friday, reaching $77.17. 1,284,292 shares of the company were exchanged, compared to its average volume of 1,601,921. The firm has a market cap of $12.17 billion, a PE ratio of 233.85, a P/E/G ratio of 3.68 and a beta of 1.26. 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 $73.09 and a two-hundred day simple moving average of $60.80. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. KeyCorp increased their price target on Dayforce from $80.00 to $92.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Citigroup raised their target price on Dayforce from $75.00 to $81.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Scotiabank started coverage on Dayforce in a research note on Monday, November 18th. They issued a "sector perform" rating and a $75.00 price target for the company. TD Cowen lifted their price objective on shares of Dayforce from $58.00 to $62.00 and gave the stock a "hold" rating in a research note on Monday, October 7th. Finally, Mizuho upped their target price on shares of Dayforce from $85.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Dayforce has a consensus rating of "Moderate Buy" and a consensus target price of $79.08.

Insiders Place Their Bets

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

Dayforce 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.