Dayforce Inc (NYSE:DAY) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Dayforce Inc (NYSE:DAY - Free Report) by 119.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,939 shares of the company's stock after buying an additional 50,097 shares during the quarter. Assenagon Asset Management S.A. owned 0.06% of Dayforce worth $5,363,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in Dayforce by 69.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after buying an additional 501 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Dayforce in the 4th quarter valued at about $1,314,000. Raymond James Financial Inc. purchased a new position in shares of Dayforce in the 4th quarter valued at about $1,764,000. QRG Capital Management Inc. purchased a new position in shares of Dayforce in the 4th quarter valued at about $227,000. Finally, Federated Hermes Inc. purchased a new position in shares of Dayforce in the 4th quarter valued at about $72,000.

Insider Buying and Selling at Dayforce

In related news, EVP Samer Alkharrat sold 1,916 shares of Dayforce stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $56.64, for a total value of $108,522.24. Following the sale, the executive vice president now directly owns 150,237 shares in the company, valued at $8,509,423.68. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total value of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares in the company, valued at approximately $5,935,606.56. This trade represents a 1.86% decrease in their position. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by company insiders.

Dayforce Stock Performance

Shares of Dayforce stock traded down $2.62 on Friday, reaching $56.97. 2,114,863 shares of the company were exchanged, compared to its average volume of 1,776,767. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 517.96, a P/E/G ratio of 2.49 and a beta of 1.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. The company's 50-day moving average is $57.41 and its two-hundred day moving average is $63.77.

Wall Street Analyst Weigh In

DAY has been the subject of a number of research analyst reports. Citigroup increased their price target on shares of Dayforce from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, May 8th. KeyCorp lowered their price objective on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. TD Cowen raised shares of Dayforce from a "hold" rating to a "buy" rating and increased their price objective for the company from $67.00 to $68.00 in a research note on Friday, March 7th. Needham & Company LLC reissued a "buy" rating and issued a $95.00 target price on shares of Dayforce in a research report on Thursday, May 8th. Finally, Mizuho dropped their price objective on shares of Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Dayforce presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.86.

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.