Mn Services Vermogensbeheer B.V. Purchases Shares of 56,900 Dayforce Inc (NYSE:DAY)

Mn Services Vermogensbeheer B.V. acquired a new position in shares of Dayforce Inc (NYSE:DAY - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 56,900 shares of the company's stock, valued at approximately $3,485,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Asset Management One Co. Ltd. acquired a new position in Dayforce during the third quarter worth $3,792,000. Robeco Institutional Asset Management B.V. acquired a new stake in Dayforce in the third quarter valued at $1,597,000. Fernwood Investment Management LLC acquired a new stake in Dayforce in the third quarter valued at $1,448,000. Harbor Capital Advisors Inc. acquired a new stake in Dayforce in the third quarter valued at $192,000. Finally, Farther Finance Advisors LLC acquired a new stake in Dayforce in the third quarter valued at $40,000.

Insider Activity at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $77.00, for a total transaction of $77,000.00. Following the completion of the sale, the chief operating officer now owns 122,022 shares in the company, valued at approximately $9,395,694. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, COO Stephen H. Holdridge sold 2,000 shares of the 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 completion of the sale, the chief operating officer now owns 98,437 shares in the company, valued at $6,816,762.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $77.00, for a total value of $77,000.00. Following the sale, the chief operating officer now owns 122,022 shares of the company's stock, valued at approximately $9,395,694. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,643 shares of company stock valued at $384,617. Company insiders own 4.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DAY shares. Needham & Company LLC reissued a "buy" rating and issued a $82.00 target price on shares of Dayforce in a report on Thursday, October 31st. TD Cowen upped their price objective on Dayforce from $58.00 to $62.00 and gave the company a "hold" rating in a research report on Monday, October 7th. BMO Capital Markets increased their target price on Dayforce from $70.00 to $80.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. KeyCorp began coverage on Dayforce in a research report on Tuesday, September 24th. They set an "overweight" rating and a $70.00 target price on the stock. Finally, Barclays increased their target price on Dayforce from $63.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.67.

Dayforce Trading Down 0.4 %

Shares of Dayforce stock traded down $0.31 on Thursday, reaching $80.64. 1,669,320 shares of the company were exchanged, compared to its average volume of 1,603,336. The stock has a fifty day moving average price of $62.74 and a 200-day moving average price of $57.42. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 244.37, a price-to-earnings-growth ratio of 3.52 and a beta of 1.27. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $81.12.

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.