Sumitomo Mitsui Trust Group Inc. Has $16.69 Million Stock Holdings in Dayforce, Inc. (NYSE:DAY)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Dayforce, Inc. (NYSE:DAY - Free Report) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 286,126 shares of the company's stock after selling 27,384 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.18% of Dayforce worth $16,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its position in Dayforce by 13.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,585 shares of the company's stock worth $1,259,000 after acquiring an additional 2,557 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Dayforce by 6.2% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 24,524 shares of the company's stock worth $1,430,000 after acquiring an additional 1,427 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its position in Dayforce by 0.8% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 83,388 shares of the company's stock worth $4,864,000 after acquiring an additional 635 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Dayforce by 5.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 66,386 shares of the company's stock worth $3,872,000 after acquiring an additional 3,270 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Dayforce by 3.6% during the 1st quarter. State of Alaska Department of Revenue now owns 18,630 shares of the company's stock worth $1,086,000 after acquiring an additional 645 shares during the last quarter.

Dayforce Stock Performance

DAY traded up $1.72 during trading hours on Friday, reaching $57.22. The company's stock had a trading volume of 784,116 shares, compared to its average volume of 1,778,842. Dayforce, Inc. has a 52 week low of $47.08 and a 52 week high of $82.69. The company's 50-day moving average is $57.89 and its 200-day moving average is $61.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $9.15 billion, a PE ratio of 357.67, a price-to-earnings-growth ratio of 2.24 and a beta of 1.08.

Insider Buying and Selling at Dayforce

In other Dayforce news, EVP Samer Alkharrat sold 1,916 shares of the 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 transaction, the executive vice president owned 150,237 shares in the company, valued at $8,509,423.68. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the transaction, the executive vice president owned 105,691 shares in the company, valued at $5,935,606.56. The trade was a 1.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,580 shares of company stock worth $259,321 in the last quarter. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DAY shares. Cowen raised Dayforce from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Dayforce in a research report on Friday, May 23rd. Mizuho reduced their price target on Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. KeyCorp cut 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. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Dayforce in a report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $70.86.

About Dayforce

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.