Two Sigma Investments LP Buys New Shares in Dayforce Inc (NYSE:DAY)

Two Sigma Investments LP acquired a new stake in shares of Dayforce Inc (NYSE:DAY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,800 shares of the company's stock, valued at approximately $1,511,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in Dayforce by 20.0% during the fourth quarter. Pacer Advisors Inc. now owns 13,929 shares of the company's stock worth $1,012,000 after purchasing an additional 2,326 shares during the last quarter. E. Ohman J or Asset Management AB lifted its stake in Dayforce by 37.3% in the fourth quarter. E. Ohman J or Asset Management AB now owns 8,100 shares of the company's stock worth $588,000 after acquiring an additional 2,200 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Dayforce by 9.7% during the 4th quarter. Yousif Capital Management LLC now owns 22,423 shares of the company's stock worth $1,629,000 after buying an additional 1,985 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Dayforce by 31.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,028 shares of the company's stock worth $1,398,000 after buying an additional 4,596 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Dayforce by 46.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,900 shares of the company's stock worth $1,446,000 after buying an additional 6,314 shares during the last quarter.

Analysts Set New Price Targets

DAY has been the topic of a number of recent research reports. KeyCorp cut their target price on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group reiterated a "hold" rating on shares of Dayforce in a research report on Friday, May 23rd. Piper Sandler reduced their target price on shares of Dayforce from $83.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Needham & Company LLC restated a "buy" rating and issued a $95.00 target price on shares of Dayforce in a report on Thursday, May 8th. Finally, Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.57.

Dayforce Stock Up 2.0%

Shares of DAY traded up $1.21 during mid-day trading on Friday, reaching $60.39. 1,103,853 shares of the stock traded hands, compared to its average volume of 1,777,599. The firm has a market cap of $9.66 billion, a price-to-earnings ratio of 549.06, a P/E/G ratio of 2.49 and a beta of 1.12. The stock has a fifty day simple moving average of $56.83 and a 200 day simple moving average of $64.57. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47.

Insider Activity

In other news, EVP Samer Alkharrat sold 1,916 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $56.64, for a total transaction of $108,522.24. Following the completion of the sale, the executive vice president now owns 150,237 shares of the company's stock, valued at approximately $8,509,423.68. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William Everett Mcdonald sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares of the company's stock, valued at $5,935,606.56. The trade was a 1.86% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.50% of the company's stock.

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.