Swiss National Bank Raises Stake in Dayforce Inc (NYSE:DAY)

Swiss National Bank raised its holdings in Dayforce Inc (NYSE:DAY - Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 468,600 shares of the company's stock after purchasing an additional 31,000 shares during the period. Swiss National Bank owned about 0.30% of Dayforce worth $28,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Quent Capital LLC acquired a new position in Dayforce during the third quarter worth $28,000. Financial Perspectives Inc acquired a new stake in Dayforce in the 2nd quarter worth about $28,000. Farther Finance Advisors LLC acquired a new position in shares of Dayforce during the third quarter valued at approximately $40,000. Sentry Investment Management LLC purchased a new position in shares of Dayforce in the second quarter valued at approximately $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Dayforce in the third quarter worth approximately $74,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DAY shares. Piper Sandler restated an "overweight" rating and issued a $94.00 price objective (up previously from $82.00) on shares of Dayforce in a report on Wednesday, November 13th. BMO Capital Markets increased their price objective on shares of Dayforce from $80.00 to $90.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Barclays boosted their price objective on Dayforce from $70.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Needham & Company LLC raised their target price on Dayforce from $82.00 to $95.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, Citigroup boosted their price target 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Dayforce presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.77.

Insider Buying and Selling at Dayforce

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the firm'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 $40,746.91. Following the completion of the transaction, the insider now owns 34,074 shares of the company's stock, valued at $2,159,269.38. This trade represents a 1.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the company'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 $63,370.00. Following the sale, the chief operating officer now directly owns 101,437 shares in the company, valued at $6,428,062.69. This represents a 0.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,643 shares of company stock valued at $460,877 over the last quarter. 4.90% of the stock is owned by company insiders.

Dayforce Trading Up 3.3 %

Shares of DAY stock traded up $2.52 during trading hours on Thursday, hitting $78.43. The company had a trading volume of 615,075 shares, compared to its average volume of 1,600,926. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $12.37 billion, a PE ratio of 237.67, a price-to-earnings-growth ratio of 3.51 and a beta of 1.27. The company's fifty day moving average is $66.51 and its 200 day moving average is $58.52. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $81.32.

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.