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Lbp Am Sa Sells 5,187 Shares of Dayforce, Inc. (NYSE:DAY)

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LBP AM SA trimmed its stake in Dayforce, Inc. (NYSE:DAY - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,724 shares of the company's stock after selling 5,187 shares during the period. LBP AM SA owned about 0.08% of Dayforce worth $7,742,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Stifel Financial Corp boosted its position in shares of Dayforce by 4.1% during the 4th quarter. Stifel Financial Corp now owns 5,206 shares of the company's stock valued at $378,000 after acquiring an additional 205 shares in the last quarter. United Capital Financial Advisors LLC lifted its holdings in Dayforce by 3.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company's stock valued at $490,000 after purchasing an additional 228 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Dayforce by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 43,707 shares of the company's stock valued at $3,175,000 after purchasing an additional 277 shares during the last quarter. Utah Retirement Systems lifted its holdings in Dayforce by 1.2% during the 4th quarter. Utah Retirement Systems now owns 24,923 shares of the company's stock valued at $1,810,000 after purchasing an additional 300 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in Dayforce by 3.5% during the 4th quarter. Neuberger Berman Group LLC now owns 9,076 shares of the company's stock valued at $659,000 after purchasing an additional 305 shares during the last quarter.

Wall Street Analyst Weigh In

DAY has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating and set a $95.00 price target on shares of Dayforce in a report on Monday, June 30th. Mizuho dropped their target price on shares of Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Citigroup boosted their target price on shares of Dayforce from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Scotiabank dropped their target price on shares of Dayforce from $72.00 to $55.00 and set a "sector perform" rating for the company in a research note on Monday, March 17th. Finally, KeyCorp dropped their target price on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One equities research 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 data from MarketBeat, Dayforce presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.86.

View Our Latest Analysis on Dayforce

Dayforce Price Performance

Dayforce stock traded down $3.02 during trading hours on Friday, reaching $55.25. 1,411,418 shares of the stock were exchanged, compared to its average volume of 1,759,548. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.24. Dayforce, Inc. has a twelve month low of $48.01 and a twelve month high of $82.69. The company has a market cap of $8.83 billion, a P/E ratio of 345.33, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08. The stock has a 50 day moving average of $57.83 and a two-hundred day moving average of $60.89.

Insider Activity

In related news, 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 transaction of $112,320.00. Following the sale, the executive vice president directly owned 105,691 shares of the company's stock, valued at approximately $5,935,606.56. The trade was a 1.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Samer Alkharrat sold 1,916 shares of Dayforce 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 sale, the executive vice president directly owned 150,237 shares in the company, valued at $8,509,423.68. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,580 shares of company stock worth $259,321. Insiders own 4.50% of the company's stock.

Dayforce Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Dayforce (NYSE:DAY)

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