UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 226,353 Shares of Dayforce Inc (NYSE:DAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Dayforce Inc (NYSE:DAY - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,207,045 shares of the company's stock after buying an additional 226,353 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 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. Metis Global Partners LLC lifted its position in shares of Dayforce by 3.8% in the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company's stock valued at $382,000 after acquiring an additional 193 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Dayforce by 4.1% during the 4th quarter. Stifel Financial Corp now owns 5,206 shares of the company's stock valued at $378,000 after buying an additional 205 shares during the period. United Capital Financial Advisors LLC raised its holdings in shares of Dayforce by 3.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company's stock valued at $490,000 after buying an additional 228 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Dayforce by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 43,707 shares of the company's stock valued at $3,175,000 after purchasing an additional 277 shares in the last quarter. Finally, Utah Retirement Systems grew its stake in Dayforce by 1.2% during the 4th quarter. Utah Retirement Systems now owns 24,923 shares of the company's stock valued at $1,810,000 after purchasing an additional 300 shares in the last quarter.

Insider Buying and Selling

In other news, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total transaction of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares of the company's stock, valued at $5,935,606.56. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the executive vice president now directly owns 150,237 shares in the company, valued at $8,509,423.68. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.50% of the company's stock.

Dayforce Stock Performance

Dayforce stock traded up $1.17 on Tuesday, reaching $58.40. 1,537,333 shares of the stock were exchanged, compared to its average volume of 1,758,912. The firm has a fifty day moving average price of $56.86 and a two-hundred day moving average price of $65.52. The stock has a market cap of $9.34 billion, a PE ratio of 530.98, a PEG ratio of 2.49 and a beta of 1.17. 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 Inc has a twelve month low of $47.08 and a twelve month high of $82.69.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $95.00 target price on shares of Dayforce in a research report on Thursday, May 8th. Wells Fargo & Company cut their target price on Dayforce from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. 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. Piper Sandler lowered their target price on Dayforce from $83.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. Finally, Stifel Nicolaus decreased their target price on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.54.

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.