Tidal Investments LLC Buys 13,078 Shares of Dayforce Inc (NYSE:DAY)

Tidal Investments LLC grew its stake in shares of Dayforce Inc (NYSE:DAY) by 85.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,359 shares of the company’s stock after acquiring an additional 13,078 shares during the quarter. Tidal Investments LLC’s holdings in Dayforce were worth $1,737,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Select Equity Group L.P. bought a new position in shares of Dayforce during the second quarter valued at $721,310,000. EdgePoint Investment Group Inc. boosted its position in shares of Dayforce by 1.1% during the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock valued at $650,726,000 after buying an additional 112,086 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Dayforce by 1.9% during the third quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock valued at $347,236,000 after buying an additional 103,794 shares during the last quarter. Dragoneer Investment Group LLC purchased a new stake in shares of Dayforce during the second quarter valued at $193,274,000. Finally, Geode Capital Management LLC boosted its position in shares of Dayforce by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock valued at $230,875,000 after buying an additional 30,302 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DAY shares. Piper Sandler reaffirmed an “overweight” rating and set a $94.00 price objective (up from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Scotiabank started coverage on Dayforce in a research report on Monday, November 18th. They set a “sector perform” rating and a $75.00 price objective on the stock. Needham & Company LLC increased their price objective on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Barclays increased their price objective on Dayforce from $80.00 to $84.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Finally, Mizuho raised their target price on 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.08.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $63,370.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the insider now directly owns 34,074 shares in the company, valued at $2,159,269.38. This trade represents a 1.85 % decrease in their position. 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 quarter. 4.90% of the stock is currently owned by company insiders.

Dayforce Stock Up 0.1 %

NYSE DAY opened at $77.45 on Wednesday. The stock’s 50-day moving average price is $73.76 and its 200-day moving average price is $61.24. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The company has a market capitalization of $12.21 billion, a P/E ratio of 234.68, a price-to-earnings-growth ratio of 3.68 and a beta of 1.26.

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.