Dayforce Inc (NYSE:DAY) Stock Holdings Lifted by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. grew its holdings in shares of Dayforce Inc (NYSE:DAY) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,624,105 shares of the company’s stock after purchasing an additional 112,086 shares during the quarter. Dayforce makes up approximately 5.1% of EdgePoint Investment Group Inc.’s holdings, making the stock its 7th biggest position. EdgePoint Investment Group Inc. owned about 6.74% of Dayforce worth $650,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC lifted its holdings in Dayforce by 9.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,867 shares of the company’s stock worth $298,000 after purchasing an additional 439 shares in the last quarter. Quent Capital LLC bought a new position in shares of Dayforce during the third quarter worth $28,000. Financial Perspectives Inc purchased a new position in Dayforce during the second quarter valued at $28,000. HighTower Advisors LLC increased its holdings in Dayforce by 11.0% in the 3rd quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock valued at $368,000 after acquiring an additional 602 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Dayforce by 1.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 56,294 shares of the company’s stock valued at $3,448,000 after purchasing an additional 640 shares during the last quarter.

Dayforce Price Performance

NYSE:DAY opened at $78.56 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $12.39 billion, a PE ratio of 238.06, a price-to-earnings-growth ratio of 3.78 and a beta of 1.26. The stock’s 50-day moving average price is $71.43 and its 200-day moving average price is $60.11. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup increased their price target on Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Scotiabank started coverage on shares of Dayforce in a research report on Monday, November 18th. They set a “sector perform” rating and a $75.00 price objective for the company. KeyCorp lifted their price target on Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. TD Cowen lifted their target price on Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, October 7th. Finally, Mizuho boosted their price objective on shares of Dayforce from $85.00 to $95.00 and gave the company 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.08.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $63,370.00. Following the completion of the sale, the chief operating officer now directly owns 101,437 shares in the company, valued at approximately $6,428,062.69. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David D. Ossip sold 858,697 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the sale, the chief executive officer now directly owns 794,527 shares of the company’s stock, valued at approximately $63,204,622.85. This trade 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 90 days. 4.90% of the stock is currently owned by corporate insiders.

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.