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21,980 Shares in Dayforce, Inc. (NYSE:DAY) Purchased by Teacher Retirement System of Texas

Dayforce logo with Computer and Technology background

Teacher Retirement System of Texas purchased a new stake in shares of Dayforce, Inc. (NYSE:DAY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,980 shares of the company's stock, valued at approximately $1,282,000.

Several other institutional investors have also recently made changes to their positions in DAY. Mather Group LLC. increased its stake in shares of Dayforce by 196.9% during the first quarter. Mather Group LLC. now owns 962 shares of the company's stock valued at $56,000 after buying an additional 638 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Dayforce during the fourth quarter valued at $61,000. Federated Hermes Inc. purchased a new position in shares of Dayforce during the fourth quarter valued at $72,000. AlphaQuest LLC increased its stake in shares of Dayforce by 14,800.0% during the fourth quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock valued at $76,000 after buying an additional 1,036 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new position in shares of Dayforce during the fourth quarter valued at $169,000.

Dayforce Stock Up 2.0%

NYSE DAY traded up $1.07 during trading on Wednesday, hitting $55.31. The company's stock had a trading volume of 1,869,327 shares, compared to its average volume of 1,759,225. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.02 and a quick ratio of 1.02. Dayforce, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $82.69. The company has a market cap of $8.84 billion, a PE ratio of 345.71, a P/E/G ratio of 2.15 and a beta of 1.08. The business's 50 day simple moving average is $57.69 and its 200-day simple moving average is $60.62.

Insider Activity at Dayforce

In related news, EVP Samer Alkharrat sold 664 shares of Dayforce stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $57.95, for a total transaction of $38,478.80. Following the completion of the sale, the executive vice president owned 132,266 shares of the company's stock, valued at $7,664,814.70. The trade was a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DAY. UBS Group raised their price objective on Dayforce from $68.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Mizuho cut their target price on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Jefferies Financial Group reiterated a "hold" rating on shares of Dayforce in a research note on Friday, May 23rd. KeyCorp cut their target price on Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company lowered Dayforce from an "equal weight" rating to an "underweight" rating and cut their target price 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 issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.86.

View Our Latest Stock Report on Dayforce

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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Institutional Ownership by Quarter for Dayforce (NYSE:DAY)

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