181,802 Shares in Dayforce Inc (NYSE:DAY) Bought by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new position in Dayforce Inc (NYSE:DAY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 181,802 shares of the company’s stock, valued at approximately $11,135,000. Principal Financial Group Inc. owned approximately 0.11% of Dayforce as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC grew its position in Dayforce by 9.9% in the third quarter. Bleakley Financial Group LLC now owns 4,867 shares of the company’s stock worth $298,000 after acquiring an additional 439 shares in the last quarter. Quent Capital LLC purchased a new position in Dayforce in the third quarter worth $28,000. Financial Perspectives Inc purchased a new position in Dayforce in the second quarter worth $28,000. Farther Finance Advisors LLC purchased a new position in Dayforce in the third quarter worth $40,000. Finally, Sentry Investment Management LLC purchased a new position in Dayforce in the second quarter worth $33,000.

Insider Buying and Selling

In related news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $77.00, for a total value of $77,000.00. Following the completion of the transaction, the chief operating officer now directly owns 122,022 shares of the company’s stock, valued at $9,395,694. This represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeffrey Scott Jacobs sold 643 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $40,746.91. Following the completion of the transaction, the insider now directly owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. The trade was a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,643 shares of company stock valued at $384,617 over the last three months. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DAY shares. KeyCorp upped their price target on shares of Dayforce from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Citigroup upped their price target on shares of Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Piper Sandler restated an “overweight” rating and set a $94.00 price target (up from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC upped their price target on shares of Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.08.

Dayforce Stock Performance

Dayforce stock opened at $74.56 on Monday. 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 firm has a 50-day moving average of $65.44 and a 200-day moving average of $58.15. The firm has a market cap of $11.76 billion, a P/E ratio of 225.95, a P/E/G ratio of 3.50 and a beta of 1.27. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $81.32.

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.