Retireful LLC Purchases New Holdings in Dayforce Inc (NYSE:DAY)

Retireful LLC purchased a new position in Dayforce Inc (NYSE:DAY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,518 shares of the company's stock, valued at approximately $1,636,000.

Other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas purchased a new stake in shares of Dayforce in the 4th quarter worth approximately $224,000. Assenagon Asset Management S.A. grew its position in Dayforce by 7.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 41,842 shares of the company's stock valued at $3,039,000 after purchasing an additional 2,893 shares during the last quarter. Friedenthal Financial purchased a new position in Dayforce in the fourth quarter worth about $824,000. Czech National Bank boosted its stake in Dayforce by 6.2% during the 4th quarter. Czech National Bank now owns 34,193 shares of the company's stock valued at $2,484,000 after purchasing an additional 1,987 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Dayforce in the 4th quarter worth about $354,000.

Insider Buying and Selling at Dayforce

In other news, CEO David D. Ossip sold 858,697 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the transaction, the chief executive officer now owns 794,527 shares in the company, valued at $63,204,622.85. This trade represents a 51.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the completion of the sale, the chief operating officer now owns 119,022 shares in the company, valued at $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 863,697 shares of company stock worth $68,672,436. Insiders own 4.90% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price objective (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. KeyCorp raised their price objective on shares of Dayforce from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. TD Cowen increased their price target on shares of Dayforce from $58.00 to $62.00 and gave the stock a "hold" rating in a research report on Monday, October 7th. Stifel Nicolaus boosted their price objective on shares of Dayforce from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $94.00 target price (up from $82.00) on shares of Dayforce in a report on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $80.07.

Dayforce Price Performance

Shares of Dayforce stock traded down $0.63 on Friday, hitting $69.55. 1,450,937 shares of the company traded hands, compared to its average volume of 1,343,622. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The business has a 50-day simple moving average of $75.52 and a 200 day simple moving average of $64.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $10.97 billion, a P/E ratio of 210.77, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26.

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.