Bamco Inc. NY Reduces Position in Dayforce Inc (NYSE:DAY)

Bamco Inc. NY decreased its holdings in Dayforce Inc (NYSE:DAY) by 0.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,527,637 shares of the company’s stock after selling 6,137 shares during the period. Bamco Inc. NY’s holdings in Dayforce were worth $216,068,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quent Capital LLC bought a new stake in shares of Dayforce in the third quarter worth approximately $28,000. Financial Perspectives Inc purchased a new stake in Dayforce in the second quarter worth approximately $28,000. Farther Finance Advisors LLC bought a new stake in Dayforce in the 3rd quarter worth approximately $40,000. Sentry Investment Management LLC purchased a new stake in Dayforce during the 2nd quarter valued at $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Dayforce during the 3rd quarter valued at $74,000.

Insiders Place Their Bets

In other Dayforce news, CEO David D. Ossip sold 858,697 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 794,527 shares in the company, valued at $63,204,622.85. This represents a 51.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $76.26, for a total transaction of $76,260.00. Following the sale, the chief operating officer now owns 121,022 shares in the company, valued at approximately $9,229,137.72. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 865,340 shares of company stock worth $68,770,223. Corporate insiders own 4.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on DAY shares. Citigroup lifted their price objective on Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Mizuho boosted their price target on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Jefferies Financial Group upped their price target on shares of Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Barclays raised their price objective on shares of Dayforce from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, TD Cowen upped their target price on shares of Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, October 7th. Six 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.77.

Dayforce Stock Up 0.2 %

Shares of DAY stock opened at $79.99 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69. The company’s fifty day moving average price is $69.40 and its 200-day moving average price is $59.47. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 242.39, a PEG ratio of 3.76 and a beta of 1.27.

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.