Nisa Investment Advisors LLC Invests $1.27 Million in Dayforce Inc (NYSE:DAY)

Nisa Investment Advisors LLC bought a new position in Dayforce Inc (NYSE:DAY - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,781 shares of the company's stock, valued at approximately $1,273,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Select Equity Group L.P. acquired a new stake in Dayforce during the second quarter valued at $721,310,000. EdgePoint Investment Group Inc. bought a new stake in shares of Dayforce in the 2nd quarter valued at approximately $521,396,000. Dragoneer Investment Group LLC bought a new stake in shares of Dayforce in the 2nd quarter valued at approximately $193,274,000. Dimensional Fund Advisors LP acquired a new position in Dayforce in the second quarter worth approximately $51,027,000. Finally, Cannae Holdings Inc. bought a new position in Dayforce during the second quarter valued at approximately $49,600,000.

Insider Buying and Selling

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the firm's stock in a transaction 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 of the company's stock, valued at $2,159,269.38. This trade 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 link. In other news, COO Stephen H. Holdridge sold 2,000 shares of the business's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $69.25, for a total value of $138,500.00. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Scott Jacobs sold 643 shares of the business'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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 4,643 shares of company stock worth $307,617. 4.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DAY. Jefferies Financial Group raised their target price on shares of Dayforce from $55.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price objective on shares of Dayforce from $70.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday. Barclays lifted their price target on shares of Dayforce from $63.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday. Citigroup lifted their price objective on shares of Dayforce from $75.00 to $81.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Mizuho lifted their price target on shares of Dayforce from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $72.67.

Dayforce Stock Up 0.2 %

Shares of NYSE:DAY traded up $0.17 during mid-day trading on Monday, hitting $75.40. 2,909,471 shares of the company traded hands, compared to its average volume of 1,598,467. The stock has a 50-day moving average price of $61.44 and a two-hundred day moving average price of $56.97. The stock has a market cap of $11.89 billion, a P/E ratio of 228.49, a P/E/G ratio of 2.56 and a beta of 1.27. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $76.30. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.47.

About Dayforce

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.