Lbp Am Sa Has $7.74 Million Position in Dayforce, Inc. (NYSE:DAY)

LBP AM SA lowered its position in shares of Dayforce, Inc. (NYSE:DAY - Free Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,724 shares of the company's stock after selling 5,187 shares during the quarter. LBP AM SA owned about 0.08% of Dayforce worth $7,742,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

DAY has been the subject of a number of recent analyst reports. KeyCorp decreased their price objective on Dayforce from $80.00 to $65.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. UBS Group increased their price target on Dayforce from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Mizuho decreased their price target on Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price target on shares of Dayforce in a research note on Monday, June 30th. Finally, Wells Fargo & Company lowered Dayforce from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $60.00 to $50.00 in a research note on Friday, June 13th. One 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.com, the stock has an average rating of "Moderate Buy" and an average price target of $70.86.

Insiders Place Their Bets

In other news, EVP Samer Alkharrat sold 1,916 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $56.64, for a total value of $108,522.24. Following the sale, the executive vice president directly owned 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP William Everett Mcdonald sold 2,000 shares of the firm's 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 sale, the executive vice president directly owned 105,691 shares in the company, valued at approximately $5,935,606.56. This represents a 1.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,580 shares of company stock worth $259,321 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Dayforce Stock Down 4.0%

Shares of DAY traded down $2.36 during mid-day trading on Friday, reaching $55.92. The company's stock had a trading volume of 454,774 shares, compared to its average volume of 1,759,627. Dayforce, Inc. has a 1 year low of $48.01 and a 1 year high of $82.69. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.24. The company has a market cap of $8.94 billion, a price-to-earnings ratio of 349.78, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08. The business has a fifty day moving average of $57.91 and a 200 day moving average of $61.12.

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.