UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $60.07 Million Holdings in Dayforce Inc (NYSE:DAY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Dayforce Inc (NYSE:DAY) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 980,692 shares of the company’s stock after purchasing an additional 34,731 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Dayforce were worth $60,067,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Candriam S.C.A. acquired a new position in shares of Dayforce in the 2nd quarter valued at about $6,027,000. New Mexico Educational Retirement Board bought a new position in shares of Dayforce during the 2nd quarter worth approximately $392,000. Acadian Asset Management LLC bought a new position in shares of Dayforce during the 2nd quarter worth approximately $287,000. Prudential PLC bought a new stake in shares of Dayforce in the 2nd quarter valued at $490,000. Finally, Texas Permanent School Fund Corp bought a new stake in shares of Dayforce in the 2nd quarter valued at $1,281,000.

Insider Activity at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $69.25, for a total value of $138,500.00. Following the completion of the transaction, the chief operating officer now owns 98,437 shares in the company, valued at $6,816,762.25. This represents a 1.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David D. Ossip sold 858,697 shares of Dayforce stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total value of $68,309,346.35. Following the sale, the chief executive officer now owns 794,527 shares in the company, valued at $63,204,622.85. The trade was a 51.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 865,340 shares of company stock valued at $68,770,223 over the last ninety days. Corporate insiders own 4.90% of the company’s stock.

Dayforce Price Performance

Shares of NYSE:DAY opened at $81.44 on Tuesday. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The stock has a market cap of $12.84 billion, a PE ratio of 246.79, a price-to-earnings-growth ratio of 3.76 and a beta of 1.27. The stock’s fifty day simple moving average is $69.85 and its two-hundred day simple moving average is $59.61.

Analyst Ratings Changes

DAY has been the subject of a number of research reports. Mizuho raised their price target on shares of Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. TD Cowen raised their target price on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, October 7th. Scotiabank started coverage on Dayforce in a research note on Monday, November 18th. They set a “sector perform” rating and a $75.00 price target on the stock. Needham & Company LLC raised their price objective on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Jefferies Financial Group boosted their price objective on Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.77.

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.