Rhumbline Advisers Acquires 43,944 Shares of Dayforce Inc (NYSE:DAY)

Rhumbline Advisers lifted its holdings in Dayforce Inc (NYSE:DAY - Free Report) by 16.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 311,955 shares of the company's stock after acquiring an additional 43,944 shares during the period. Rhumbline Advisers owned 0.20% of Dayforce worth $18,196,000 at the end of the most recent quarter.

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

Dayforce Price Performance

Shares of NYSE:DAY opened at $60.39 on Friday. The company's fifty day moving average price is $56.83 and its 200 day moving average price is $64.57. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15. The firm has a market capitalization of $9.66 billion, a P/E ratio of 549.06, a P/E/G ratio of 2.49 and a beta of 1.12.

Analyst Ratings Changes

Several analysts have issued reports on DAY shares. Citigroup raised their price objective 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. UBS Group lifted their price target on shares of Dayforce from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday. Scotiabank decreased their price target 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. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price target on shares of Dayforce in a research note on Thursday, May 8th. Finally, Mizuho decreased their price target 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. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $71.57.

Insider Buying and Selling at Dayforce

In other news, 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 sale, the executive vice president now owns 105,691 shares of the company's stock, valued at $5,935,606.56. The trade was a 1.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samer Alkharrat sold 1,916 shares of the business's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $56.64, for a total transaction of $108,522.24. Following the sale, the executive vice president now directly owns 150,237 shares in the company, valued at approximately $8,509,423.68. This represents a 1.26% 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.