Louisiana State Employees Retirement System Takes $545,000 Position in Dayforce Inc (NYSE:DAY)

Louisiana State Employees Retirement System acquired a new stake in Dayforce Inc (NYSE:DAY - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,900 shares of the company's stock, valued at approximately $545,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Select Equity Group L.P. bought a new position in shares of Dayforce during the 2nd quarter worth $721,310,000. Elo Mutual Pension Insurance Co purchased a new stake in shares of Dayforce during the 2nd quarter worth $673,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Dayforce during the 2nd quarter worth $2,760,000. Royal London Asset Management Ltd. bought a new position in Dayforce in the second quarter worth about $2,942,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Dayforce during the 2nd quarter worth approximately $663,000.

Dayforce Stock Up 4.9 %

Shares of DAY traded up $3.79 during trading on Wednesday, reaching $80.95. The company's stock had a trading volume of 2,319,257 shares, compared to its average volume of 1,603,029. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $81.02. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. The company has a market cap of $12.77 billion, a price-to-earnings ratio of 245.30, a P/E/G ratio of 3.52 and a beta of 1.27. The company has a fifty day moving average of $62.29 and a two-hundred day moving average of $57.26.

Insider Buying and Selling at Dayforce

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the transaction, the insider now owns 34,074 shares in the company, valued at approximately $2,159,269.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the sale, the insider now directly owns 34,074 shares in the company, valued at $2,159,269.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction 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 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 disclosure for this sale can be found here. Insiders sold a total of 4,643 shares of company stock worth $307,617 over the last ninety days. Company insiders own 4.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DAY. TD Cowen raised their target price on 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 reissued a "buy" rating and issued a $82.00 price target on shares of Dayforce in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price target on Dayforce from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Mizuho upped their price objective on shares of Dayforce from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Finally, Citigroup upped their price target on Dayforce from $75.00 to $81.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Dayforce presently has an average rating of "Moderate Buy" and a consensus price target of $72.67.

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.