Nuveen Asset Management LLC Purchases 77,155 Shares of Dayforce Inc (NYSE:DAY)

Nuveen Asset Management LLC grew its holdings in shares of Dayforce Inc (NYSE:DAY - Free Report) by 16.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 532,877 shares of the company's stock after acquiring an additional 77,155 shares during the period. Nuveen Asset Management LLC owned about 0.34% of Dayforce worth $38,708,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Metis Global Partners LLC increased its holdings in Dayforce by 3.8% in the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company's stock valued at $382,000 after purchasing an additional 193 shares during the period. Stifel Financial Corp grew its position in shares of Dayforce by 4.1% in the 4th quarter. Stifel Financial Corp now owns 5,206 shares of the company's stock valued at $378,000 after buying an additional 205 shares during the last quarter. United Capital Financial Advisors LLC increased its stake in shares of Dayforce by 3.5% in the fourth quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company's stock valued at $490,000 after buying an additional 228 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Dayforce by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 43,707 shares of the company's stock valued at $3,175,000 after buying an additional 277 shares during the period. Finally, Utah Retirement Systems raised its position in shares of Dayforce by 1.2% during the fourth quarter. Utah Retirement Systems now owns 24,923 shares of the company's stock worth $1,810,000 after acquiring an additional 300 shares during the last quarter.

Dayforce Stock Down 1.9%

Shares of NYSE DAY traded down $1.13 during trading on Monday, hitting $57.22. 1,059,142 shares of the company traded hands, compared to its average volume of 1,759,802. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of 520.27, a P/E/G ratio of 2.49 and a beta of 1.17. The business's fifty day moving average is $56.87 and its 200 day moving average is $65.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69.

Insider Activity at Dayforce

In other Dayforce news, EVP Samer Alkharrat sold 1,916 shares of the firm's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $56.64, for a total value of $108,522.24. Following the transaction, the executive vice president now directly 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 is accessible 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 transaction of $112,320.00. Following the transaction, the executive vice president now owns 105,691 shares of the company's stock, valued at $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. 4.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on DAY shares. Wells Fargo & Company reduced their target price on Dayforce from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler reduced their price objective on shares of Dayforce from $83.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 7th. Stifel Nicolaus decreased their price objective on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Jefferies Financial Group reaffirmed a "hold" rating on shares of Dayforce in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $71.54.

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.