Geode Capital Management LLC increased its stake in Dayforce Inc (NYSE:DAY - Free Report) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,782,024 shares of the company's stock after purchasing an additional 30,302 shares during the quarter. Geode Capital Management LLC owned about 2.40% of Dayforce worth $230,875,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quent Capital LLC bought a new position in Dayforce in the 3rd quarter worth about $28,000. Financial Perspectives Inc purchased a new stake in shares of Dayforce in the second quarter worth about $28,000. Farther Finance Advisors LLC bought a new position in shares of Dayforce in the third quarter valued at approximately $40,000. Sentry Investment Management LLC purchased a new position in Dayforce during the second quarter valued at approximately $33,000. Finally, Quarry LP bought a new stake in Dayforce during the 3rd quarter worth approximately $51,000.
In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the completion of the sale, the chief operating officer now owns 101,437 shares in the company, valued at approximately $6,428,062.69. The trade was a 0.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David D. Ossip sold 858,697 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the transaction, the chief executive officer now owns 794,527 shares in the company, valued at $63,204,622.85. This represents a 51.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 865,340 shares of company stock valued at $68,770,223 over the last three months. Insiders own 4.90% of the company's stock.
DAY has been the subject of several analyst reports. Needham & Company LLC raised their price target on shares of Dayforce from $82.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. BMO Capital Markets boosted their target price on Dayforce from $80.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Jefferies Financial Group upped their target price on Dayforce from $55.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Scotiabank initiated coverage on Dayforce in a research report on Monday, November 18th. They set a "sector perform" rating and a $75.00 price target for the company. Finally, Mizuho upped their price objective on shares of Dayforce from $85.00 to $95.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Dayforce has an average rating of "Moderate Buy" and a consensus target price of $79.08.
View Our Latest Stock Analysis on DAY
Shares of Dayforce stock opened at $77.17 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69. The company has a fifty day moving average of $73.09 and a 200-day moving average of $60.80. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 233.85, a price-to-earnings-growth ratio of 3.68 and a beta of 1.26.
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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