Rhumbline Advisers lifted its position in shares of 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 firm owned 311,955 shares of the company's stock after acquiring an additional 43,944 shares during the period. Rhumbline Advisers owned approximately 0.20% of Dayforce worth $18,196,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. Metis Global Partners LLC lifted its stake in Dayforce by 3.8% during the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company's stock worth $382,000 after purchasing an additional 193 shares during the last quarter. Stifel Financial Corp lifted 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 worth $378,000 after buying an additional 205 shares during the last quarter. United Capital Financial Advisors LLC lifted its position in shares of Dayforce by 3.5% during 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 during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in 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 in the last quarter. Finally, Utah Retirement Systems grew its position in Dayforce by 1.2% in the fourth quarter. Utah Retirement Systems now owns 24,923 shares of the company's stock valued at $1,810,000 after acquiring an additional 300 shares during the last quarter.
Dayforce Trading Up 1.3%
Shares of DAY stock traded up $0.76 during trading hours on Tuesday, hitting $59.92. 1,634,232 shares of the company were exchanged, compared to its average volume of 1,773,162. 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. The company has a 50 day simple moving average of $56.90 and a two-hundred day simple moving average of $64.22. The firm has a market cap of $9.58 billion, a P/E ratio of 544.73, a P/E/G ratio of 2.49 and a beta of 1.12.
Insider Activity
In related news, EVP Samer Alkharrat sold 1,916 shares of the company's stock in a transaction on Friday, April 25th. The stock was sold at an average price of $56.64, for a total transaction of $108,522.24. Following the completion of the sale, the executive vice president now owns 150,237 shares in the company, valued at approximately $8,509,423.68. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP William Everett Mcdonald sold 2,000 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total value of $112,320.00. Following the transaction, the executive vice president now owns 105,691 shares in the company, valued at approximately $5,935,606.56. This trade 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 company insiders.
Wall Street Analyst Weigh In
DAY has been the topic of a number of research analyst reports. Scotiabank reduced their price target on shares of Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a research note on Monday, March 17th. UBS Group raised their target price on shares of 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 target price on shares of Dayforce in a research note on Thursday, May 8th. Citigroup upped their price target on shares of Dayforce from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, KeyCorp cut their price objective on Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $71.57.
Read Our Latest Analysis on DAY
About Dayforce
(
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.
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