Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in Dayforce Inc (NYSE:DAY - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,586 shares of the company's stock, valued at approximately $832,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Perspectives Inc acquired a new stake in shares of Dayforce in the 2nd quarter valued at $28,000. Quent Capital LLC acquired a new stake in Dayforce in the third quarter valued at about $28,000. Sentry Investment Management LLC acquired a new stake in Dayforce in the second quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. bought a new position in Dayforce in the second quarter valued at about $62,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Dayforce during the second quarter worth about $66,000.
Insider Transactions at Dayforce
In related news, insider Jeffrey Scott Jacobs sold 643 shares of the company's stock in a transaction dated 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 $2,159,269.38. 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 at the SEC website. In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Friday, October 18th. The shares were sold at an average price of $65.00, for a total value of $65,000.00. Following the completion of the sale, the chief operating officer now directly owns 100,437 shares of the company's stock, valued at approximately $6,528,405. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $40,746.91. Following the transaction, the insider now owns 34,074 shares in the company, valued at $2,159,269.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,643 shares of company stock valued at $169,117. Corporate insiders own 4.90% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Dayforce from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, August 1st. TD Cowen boosted their target price 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. Needham & Company LLC reiterated a "buy" rating and issued a $82.00 price target on shares of Dayforce in a research note on Wednesday, July 31st. Citigroup boosted their price objective on Dayforce from $74.00 to $75.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. Finally, Mizuho increased their target price on Dayforce from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Five research 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $69.75.
Get Our Latest Stock Analysis on Dayforce
Dayforce Stock Down 0.1 %
Dayforce stock opened at $64.74 on Wednesday. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 196.18, a PEG ratio of 2.23 and a beta of 1.29. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $74.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50 day moving average price of $59.12 and a two-hundred day moving average price of $56.52.
Dayforce (NYSE:DAY - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. The business had revenue of $423.30 million during the quarter, compared to the consensus estimate of $417.41 million. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. Equities analysts predict that Dayforce Inc will post 1.07 EPS for the current year.
About Dayforce
(
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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