Dayforce Inc (NYSE:DAY) Position Increased by Swiss National Bank

Swiss National Bank grew its stake in Dayforce Inc (NYSE:DAY - Free Report) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 468,600 shares of the company's stock after buying an additional 31,000 shares during the period. Swiss National Bank owned 0.30% of Dayforce worth $28,702,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Select Equity Group L.P. acquired a new position in shares of Dayforce in the 2nd quarter valued at $721,310,000. EdgePoint Investment Group Inc. acquired a new position in shares of Dayforce in the 2nd quarter valued at $521,396,000. Dragoneer Investment Group LLC acquired a new position in shares of Dayforce in the 2nd quarter valued at $193,274,000. Dimensional Fund Advisors LP acquired a new position in shares of Dayforce in the 2nd quarter valued at $51,027,000. Finally, Cannae Holdings Inc. acquired a new position in shares of Dayforce in the 2nd quarter valued at $49,600,000.

Analyst Upgrades and Downgrades

DAY has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Dayforce from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Scotiabank assumed coverage on shares of Dayforce in a research note on Monday. They set a "sector perform" rating and a $75.00 price target for the company. KeyCorp increased their price target on shares of Dayforce from $80.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Mizuho increased their price target on shares of Dayforce from $85.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Finally, Piper Sandler reiterated an "overweight" rating and set a $94.00 price target (up previously from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $78.77.

Insider Transactions at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $76.26, for a total transaction of $76,260.00. Following the transaction, the chief operating officer now directly owns 121,022 shares of the company's stock, valued at $9,229,137.72. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Scott Jacobs sold 643 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 $40,746.91. Following the transaction, the insider now directly owns 34,074 shares in the company, valued at approximately $2,159,269.38. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,643 shares of company stock worth $460,877 over the last ninety days. 4.90% of the stock is currently owned by corporate insiders.

Dayforce Stock Performance

NYSE:DAY opened at $75.91 on Thursday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $66.15 and a two-hundred day moving average price of $58.40. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $81.32. The company has a market capitalization of $11.97 billion, a P/E ratio of 230.04, a price-to-earnings-growth ratio of 3.50 and a beta of 1.27.

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.