Eventide Asset Management LLC Makes New Investment in Dayforce Inc (NYSE:DAY)

Eventide Asset Management LLC acquired a new stake in Dayforce Inc (NYSE:DAY) during the third quarter, Holdings Channel reports. The institutional investor acquired 19,397 shares of the company’s stock, valued at approximately $1,188,000.

A number of other institutional investors have also made changes to their positions in DAY. Financial Perspectives Inc bought a new position in Dayforce in the second quarter valued at $28,000. Quent Capital LLC acquired a new position in shares of Dayforce during the 3rd quarter worth about $28,000. Sentry Investment Management LLC acquired a new position in shares of Dayforce during the 2nd quarter worth about $33,000. Farther Finance Advisors LLC bought a new position in shares of Dayforce in the 3rd quarter valued at about $40,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Dayforce in the second quarter valued at about $62,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DAY shares. Citigroup increased their price target on Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Mizuho raised their target price on shares of Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. BMO Capital Markets upped their price target on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Piper Sandler reissued an “overweight” rating and issued a $94.00 price objective (up previously from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Finally, Needham & Company LLC boosted their price objective on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.77.

Dayforce Price Performance

Dayforce stock opened at $79.98 on Friday. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 242.37, a PEG ratio of 3.75 and a beta of 1.27. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The stock’s 50 day moving average is $69.40 and its 200-day moving average is $59.51.

Insider Activity at Dayforce

In other news, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the sale, the insider now directly owns 34,074 shares in the company, valued at approximately $2,159,269.38. The trade was a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were 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 of the company’s stock, valued at approximately $6,428,062.69. This trade represents a 0.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 865,340 shares of company stock worth $68,770,223 in the last ninety days. 4.90% of the stock is owned by company insiders.

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.