UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Dayforce Inc (NYSE:DAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Dayforce Inc (NYSE:DAY - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,207,045 shares of the company's stock after acquiring an additional 226,353 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.77% of Dayforce worth $87,680,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Woodline Partners LP grew its stake in shares of Dayforce by 53.1% in the fourth quarter. Woodline Partners LP now owns 634,345 shares of the company's stock worth $46,079,000 after acquiring an additional 220,112 shares in the last quarter. Sone Capital Management LLC acquired a new stake in Dayforce in the 4th quarter valued at about $12,234,000. Twinbeech Capital LP acquired a new stake in Dayforce in the 4th quarter valued at about $13,272,000. Two Sigma Advisers LP purchased a new position in shares of Dayforce in the 4th quarter valued at about $661,000. Finally, Two Sigma Investments LP acquired a new position in shares of Dayforce during the fourth quarter worth about $1,511,000.

Dayforce Price Performance

Dayforce stock traded up $0.01 during midday trading on Thursday, reaching $57.69. The company's stock had a trading volume of 1,116,100 shares, compared to its average volume of 1,752,052. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. The stock's 50 day simple moving average is $56.86 and its 200 day simple moving average is $65.42. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The firm has a market capitalization of $9.22 billion, a PE ratio of 524.53, a P/E/G ratio of 2.49 and a beta of 1.17.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company lowered their price target on shares of Dayforce from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Citigroup boosted their target price on Dayforce from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Piper Sandler reduced their price objective on shares of Dayforce from $83.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. Cowen raised Dayforce from a "hold" rating to a "buy" rating in a research report on Friday, March 7th. Finally, Barclays cut their price target on Dayforce from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $71.54.

Insider Transactions 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP William Everett Mcdonald sold 2,000 shares of the 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 sale, the executive vice president now directly owns 105,691 shares in the company, valued at approximately $5,935,606.56. The trade was a 1.86% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company's stock.

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.