Dayforce Inc (NYSE:DAY) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Dayforce Inc (NYSE:DAY - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,207,045 shares of the company's stock after purchasing an additional 226,353 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.77% of Dayforce worth $87,680,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DAY. Harvest Fund Management Co. Ltd purchased a new position in shares of Dayforce during the 4th quarter valued at $61,000. Federated Hermes Inc. purchased a new stake in Dayforce in the 4th quarter worth $72,000. AlphaQuest LLC lifted its stake in Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock worth $76,000 after purchasing an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock worth $89,000 after buying an additional 501 shares during the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in shares of Dayforce in the 4th quarter worth about $169,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DAY shares. Scotiabank reduced their target price on shares of Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a report on Monday, March 17th. Barclays cut their price target on shares of Dayforce from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Citigroup upped their target price on shares of Dayforce from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. 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 report on Tuesday, April 22nd. Finally, 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 report on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.54.

Insider Buying and Selling at Dayforce

In other Dayforce news, EVP Samer Alkharrat sold 1,916 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $56.64, for a total transaction of $108,522.24. Following the transaction, the executive vice president now owns 150,237 shares of the company's stock, valued at $8,509,423.68. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 transaction of $112,320.00. Following the completion of the sale, the executive vice president now directly owns 105,691 shares of the company's stock, 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 own 4.50% of the company's stock.

Dayforce Price Performance

Shares of DAY traded up $0.67 during trading hours on Friday, reaching $58.37. The company had a trading volume of 412,290 shares, compared to its average volume of 1,747,795. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 532.09, a PEG ratio of 2.49 and a beta of 1.17. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The firm has a 50 day simple moving average of $56.81 and a 200-day simple moving average of $65.26. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47.

Dayforce Profile

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.