UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $60.07 Million Position in Dayforce Inc (NYSE:DAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Dayforce Inc (NYSE:DAY - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 980,692 shares of the company's stock after purchasing an additional 34,731 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.62% of Dayforce worth $60,067,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DAY. Financial Perspectives Inc acquired a new stake in Dayforce in the 2nd quarter valued at approximately $28,000. Quent Capital LLC acquired a new position in shares of Dayforce during the third quarter valued at $28,000. Sentry Investment Management LLC bought a new stake in shares of Dayforce during the second quarter valued at about $33,000. Farther Finance Advisors LLC bought a new stake in shares of Dayforce during the third quarter valued at about $40,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Dayforce in the second quarter worth about $62,000.

Dayforce Stock Down 1.1 %

Shares of DAY traded down $0.90 during mid-day trading on Tuesday, reaching $80.49. The company's stock had a trading volume of 1,076,030 shares, compared to its average volume of 1,718,254. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 243.92, a price-to-earnings-growth ratio of 3.82 and a beta of 1.26. The business has a fifty day moving average of $69.85 and a 200 day moving average of $59.61. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69.

Insider Activity at Dayforce

In other news, COO Stephen H. Holdridge sold 1,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $76.26, for a total transaction of $76,260.00. Following the completion of the sale, the chief operating officer now owns 121,022 shares in the company, valued at approximately $9,229,137.72. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David D. Ossip sold 858,697 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total value of $68,309,346.35. Following the completion of the transaction, the chief executive officer now directly owns 794,527 shares in the company, valued at $63,204,622.85. The trade was a 51.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 865,340 shares of company stock valued at $68,770,223. Insiders own 4.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on DAY shares. Piper Sandler restated an "overweight" rating and set a $94.00 price target (up from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Citigroup upped their target price on Dayforce from $75.00 to $81.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Jefferies Financial Group lifted their price target on Dayforce from $55.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. 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. Finally, TD Cowen lifted their target price on Dayforce from $58.00 to $62.00 and gave the stock a "hold" rating in a report on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $78.77.

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.