Geode Capital Management LLC Purchases 30,302 Shares of Dayforce Inc (NYSE:DAY)

Geode Capital Management LLC boosted its position in shares of Dayforce Inc (NYSE:DAY) by 0.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,782,024 shares of the company’s stock after purchasing an additional 30,302 shares during the period. Geode Capital Management LLC owned about 2.40% of Dayforce worth $230,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DAY. Quent Capital LLC bought a new position in shares of Dayforce in the third quarter valued at approximately $28,000. Financial Perspectives Inc bought a new position in Dayforce in the 2nd quarter valued at $28,000. Farther Finance Advisors LLC bought a new position in Dayforce in the 3rd quarter valued at $40,000. Sentry Investment Management LLC acquired a new position in Dayforce in the second quarter worth $33,000. Finally, Quarry LP bought a new stake in shares of Dayforce during the third quarter worth $51,000.

Dayforce Trading Down 0.5 %

NYSE:DAY opened at $77.17 on Friday. 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 1-year low of $47.08 and a 1-year high of $82.69. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 233.85, a PEG ratio of 3.68 and a beta of 1.26. The business’s 50-day moving average price is $73.09 and its two-hundred day moving average price is $60.75.

Analysts Set New Price Targets

Several research analysts recently issued reports on DAY shares. TD Cowen upped their price target on shares of Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, October 7th. Barclays upped their target price on shares of Dayforce from $80.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Scotiabank started coverage on shares of Dayforce in a report on Monday, November 18th. They issued a “sector perform” rating and a $75.00 price target for the company. Jefferies Financial Group upped their price objective on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price objective on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Dayforce has an average rating of “Moderate Buy” and an average price target of $79.08.

Insider Activity at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 2,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 98,437 shares in the company, valued at $6,816,762.25. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David D. Ossip sold 858,697 shares of the firm’s stock in a transaction dated 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 directly owns 794,527 shares in the company, valued at approximately $63,204,622.85. This represents a 51.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 865,340 shares of company stock worth $68,770,223 in the last ninety days. Company insiders own 4.90% of the company’s stock.

Dayforce Company 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.