Assenagon Asset Management S.A. Purchases Shares of 38,949 Dayforce Inc (NYSE:DAY)

Assenagon Asset Management S.A. acquired a new position in Dayforce Inc (NYSE:DAY - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,949 shares of the company's stock, valued at approximately $2,386,000.

Several other large investors also recently made changes to their positions in the business. Financial Perspectives Inc bought a new position in Dayforce in the 2nd quarter worth approximately $28,000. Quent Capital LLC bought a new stake in shares of Dayforce during the third quarter worth $28,000. Sentry Investment Management LLC acquired a new position in shares of Dayforce during the second quarter valued at $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 stake in Dayforce in the second quarter worth about $66,000.

Dayforce Stock Performance

Shares of NYSE:DAY traded up $4.28 on Friday, reaching $75.23. 2,840,459 shares of the company's stock were exchanged, compared to its average volume of 1,592,263. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $75.41. The company has a fifty day moving average of $60.74 and a 200-day moving average of $56.80. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 215.01, a PEG ratio of 2.52 and a beta of 1.29. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47.

Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $423.30 million during the quarter, compared to analysts' expectations of $417.41 million. Dayforce had a return on equity of 6.69% and a net margin of 3.12%. On average, research analysts predict that Dayforce Inc will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DAY shares. Barclays raised their target price on shares of Dayforce from $63.00 to $70.00 and gave the company an "equal weight" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Dayforce from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Citigroup increased their price target on Dayforce from $75.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $82.00 price objective on shares of Dayforce in a research note on Thursday. Finally, Jefferies Financial Group increased their target price on Dayforce from $55.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. Five investment 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. According to MarketBeat, Dayforce has an average rating of "Moderate Buy" and an average target price of $72.67.

Insider Activity at Dayforce

In other news, COO Stephen H. Holdridge sold 2,000 shares of the business's stock in a transaction 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 transaction, the chief operating officer now owns 98,437 shares of the company's stock, valued at approximately $6,816,762.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Stephen H. Holdridge sold 1,000 shares of the company's stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $65.00, for a total value of $65,000.00. Following the completion of the transaction, the chief operating officer now owns 100,437 shares of the company's stock, valued at $6,528,405. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 4,643 shares of company stock valued at $307,617 over the last quarter. 4.90% of the stock is owned by corporate insiders.

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.