Two Sigma Advisers LP bought a new position in shares of Dayforce Inc (NYSE:DAY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,100 shares of the company's stock, valued at approximately $661,000.
Several other hedge funds have also recently bought and sold shares of DAY. Smartleaf Asset Management LLC grew its stake in shares of Dayforce by 69.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after acquiring an additional 501 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Dayforce by 31.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,028 shares of the company's stock valued at $1,398,000 after buying an additional 4,596 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Dayforce in the fourth quarter valued at $1,314,000. Raymond James Financial Inc. bought a new position in shares of Dayforce in the fourth quarter valued at $1,764,000. Finally, Pacer Advisors Inc. grew its stake in shares of Dayforce by 20.0% in the fourth quarter. Pacer Advisors Inc. now owns 13,929 shares of the company's stock valued at $1,012,000 after buying an additional 2,326 shares in the last quarter.
Analyst Ratings Changes
DAY has been the subject of several analyst reports. Mizuho decreased their target price 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. Wells Fargo & Company decreased their target price on shares of Dayforce from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. 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 note on Thursday. KeyCorp decreased their target price on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Piper Sandler decreased their target price on shares of Dayforce from $83.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Dayforce has a consensus rating of "Moderate Buy" and an average price target of $71.57.
Check Out Our Latest Research Report on Dayforce
Insider Transactions at Dayforce
In other news, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the completion of the sale, the executive vice president now owns 105,691 shares of the company's stock, valued at approximately $5,935,606.56. This trade represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Samer Alkharrat sold 1,916 shares of Dayforce stock in a transaction on Friday, April 25th. The stock was sold at an average price of $56.64, for a total value of $108,522.24. Following the sale, the executive vice president now directly owns 150,237 shares of the company's stock, valued at $8,509,423.68. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 4.50% of the company's stock.
Dayforce Stock Performance
DAY stock traded up $1.21 during midday trading on Friday, reaching $60.39. 1,103,853 shares of the company were exchanged, compared to its average volume of 1,777,599. 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 business has a 50-day moving average price of $56.83 and a two-hundred day moving average price of $64.57. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 549.06, a price-to-earnings-growth ratio of 2.49 and a beta of 1.12.
Dayforce Company Profile
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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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