26,071 Shares in Dayforce Inc (NYSE:DAY) Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. acquired a new position in shares of Dayforce Inc (NYSE:DAY - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,071 shares of the company's stock, valued at approximately $1,597,000.

Several other institutional investors and hedge funds also recently modified their holdings of DAY. Bleakley Financial Group LLC boosted its stake in shares of Dayforce by 9.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,867 shares of the company's stock worth $298,000 after acquiring an additional 439 shares during the period. Quent Capital LLC bought a new position in shares of Dayforce during the 3rd quarter worth approximately $28,000. Financial Perspectives Inc bought a new position in shares of Dayforce during the 2nd quarter worth approximately $28,000. Farther Finance Advisors LLC bought a new position in shares of Dayforce during the 3rd quarter worth approximately $40,000. Finally, Sentry Investment Management LLC bought a new position in shares of Dayforce during the 2nd quarter worth approximately $33,000.

Dayforce Price Performance

Shares of DAY stock traded up $0.51 during trading hours on Friday, reaching $81.14. The stock had a trading volume of 1,328,375 shares, compared to its average volume of 1,658,037. The stock's fifty day simple moving average is $63.22 and its 200 day simple moving average is $57.57. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $81.20. The firm has a market capitalization of $12.80 billion, a PE ratio of 245.88, a PEG ratio of 3.80 and a beta of 1.27.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Dayforce from $70.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Jefferies Financial Group lifted their price target on Dayforce from $55.00 to $65.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. TD Cowen lifted their price target on Dayforce from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, October 7th. Barclays lifted their price target on Dayforce from $63.00 to $70.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Dayforce from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Five 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $72.67.

Insider Buying and Selling at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on 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 directly owns 101,437 shares in the company, valued at $6,428,062.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Stephen H. Holdridge sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $63,370.00. Following the completion of the sale, the chief operating officer now directly owns 101,437 shares in the company, valued at approximately $6,428,062.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Scott Jacobs sold 643 shares of the business'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 completion of the sale, the insider now owns 34,074 shares of the company's stock, valued at approximately $2,159,269.38. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,643 shares of company stock worth $384,617 over the last three months. 4.90% of the stock is owned by insiders.

Dayforce Company 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.