Dayforce, Inc. (NYSE:DAY) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in Dayforce, Inc. (NYSE:DAY - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,250 shares of the company's stock after selling 6,336 shares during the quarter. Bessemer Group Inc.'s holdings in Dayforce were worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DAY. FMR LLC raised its holdings in Dayforce by 382.5% in the fourth quarter. FMR LLC now owns 3,215,123 shares of the company's stock worth $233,547,000 after buying an additional 2,548,779 shares during the last quarter. Capital International Investors lifted its holdings in shares of Dayforce by 3.9% during the 4th quarter. Capital International Investors now owns 17,659,706 shares of the company's stock valued at $1,282,800,000 after buying an additional 667,065 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Dayforce by 18,250.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company's stock valued at $47,890,000 after acquiring an additional 657,013 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Dayforce by 189.0% in the fourth quarter. California Public Employees Retirement System now owns 567,561 shares of the company's stock worth $41,228,000 after buying an additional 371,153 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Dayforce by 21.5% during the 4th quarter. Northern Trust Corp now owns 1,544,475 shares of the company's stock worth $112,191,000 after acquiring an additional 273,031 shares during the last quarter.

Dayforce Trading Up 3.1%

Shares of Dayforce stock traded up $1.72 on Thursday, hitting $57.22. 784,116 shares of the company traded hands, compared to its average volume of 1,777,948. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.24. The company has a market cap of $9.15 billion, a PE ratio of 357.67, a PEG ratio of 2.17 and a beta of 1.08. The stock's 50 day moving average price is $57.90 and its 200-day moving average price is $61.84. Dayforce, Inc. has a 52 week low of $47.08 and a 52 week high of $82.69.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company cut Dayforce from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $60.00 to $50.00 in a research report on Friday, June 13th. UBS Group raised their price objective on Dayforce from $68.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price objective on shares of Dayforce in a report on Monday. TD Cowen upgraded 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 report on Friday, March 7th. Finally, Barclays dropped their target price on Dayforce from $61.00 to $60.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Dayforce currently has a consensus rating of "Moderate Buy" and an average price target of $70.86.

Insiders Place Their Bets

In other news, EVP Samer Alkharrat sold 664 shares of Dayforce stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $57.95, for a total value of $38,478.80. Following the transaction, the executive vice president directly owned 132,266 shares in the company, valued at approximately $7,664,814.70. This trade represents a 0.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total value of $112,320.00. Following the completion of the transaction, the executive vice president owned 105,691 shares in the company, valued at $5,935,606.56. This trade represents a 1.86% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,580 shares of company stock valued at $259,321. 4.50% of the stock is currently owned by corporate insiders.

Dayforce Company 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.