New York State Common Retirement Fund Takes Position in Dayforce Inc (NYSE:DAY)

New York State Common Retirement Fund bought a new stake in shares of Dayforce Inc (NYSE:DAY - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 341,913 shares of the company's stock, valued at approximately $20,942,000. New York State Common Retirement Fund owned approximately 0.22% of Dayforce as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Candriam S.C.A. bought a new position in shares of Dayforce during the second quarter valued at $6,027,000. New Mexico Educational Retirement Board acquired a new stake in shares of Dayforce during the 2nd quarter worth about $392,000. Acadian Asset Management LLC bought a new position in Dayforce during the 2nd quarter valued at about $287,000. Prudential PLC acquired a new position in Dayforce in the second quarter valued at about $490,000. Finally, Texas Permanent School Fund Corp bought a new stake in Dayforce during the second quarter worth about $1,281,000.

Insider Activity at Dayforce

In other 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 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 SEC, which is available at this link. In other 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 sale, the insider now directly owns 34,074 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the firm'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 $63,370.00. Following the completion of the sale, the chief operating officer now owns 101,437 shares of the company's stock, valued at $6,428,062.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,643 shares of company stock valued at $307,617. Insiders own 4.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. KeyCorp started coverage on shares of Dayforce in a research note on Tuesday, September 24th. They issued an "overweight" rating and a $70.00 target price for the company. Jefferies Financial Group boosted their price objective on Dayforce from $55.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Piper Sandler raised their target price on Dayforce from $71.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Dayforce from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, Citigroup raised their price objective on shares of Dayforce from $75.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $72.67.

Dayforce Stock Up 2.3 %

Shares of NYSE:DAY traded up $1.76 during midday trading on Tuesday, reaching $77.16. 1,854,616 shares of the company were exchanged, compared to its average volume of 1,599,664. The firm has a market cap of $12.17 billion, a PE ratio of 228.49, a P/E/G ratio of 3.52 and a beta of 1.27. The stock has a fifty day simple moving average of $61.44 and a two-hundred day simple moving average of $56.97. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $77.25. The company has a quick ratio of 1.15, a current ratio of 1.15 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.