Pacer Advisors Inc. Has $1.01 Million Stock Holdings in Dayforce Inc (NYSE:DAY)

Pacer Advisors Inc. lifted its stake in Dayforce Inc (NYSE:DAY) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,929 shares of the company’s stock after acquiring an additional 2,326 shares during the quarter. Pacer Advisors Inc.’s holdings in Dayforce were worth $1,012,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DAY. Quent Capital LLC bought a new stake in Dayforce in the third quarter worth $28,000. Farther Finance Advisors LLC bought a new stake in Dayforce in the third quarter worth $40,000. Quarry LP bought a new stake in Dayforce in the third quarter worth $51,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Dayforce in the third quarter worth $74,000. Finally, Blue Trust Inc. bought a new stake in Dayforce in the third quarter worth $91,000.

Analyst Upgrades and Downgrades

DAY has been the subject of a number of recent analyst reports. Barclays decreased their price target on shares of Dayforce from $84.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. Piper Sandler restated an “overweight” rating and set a $94.00 price target (up from $82.00) on shares of Dayforce in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 price target (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Stifel Nicolaus increased their target price on shares of Dayforce from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Citigroup reduced their target price on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Dayforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.07.

Dayforce Stock Performance

Shares of DAY opened at $71.17 on Tuesday. The business’s fifty day simple moving average is $74.28 and its two-hundred day simple moving average is $66.13. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 215.66, a P/E/G ratio of 2.59 and a beta of 1.26. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47.

Insiders Place Their Bets

In related news, CEO David D. Ossip sold 858,697 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the transaction, the chief executive officer now owns 794,527 shares in the company, valued at $63,204,622.85. The trade was a 51.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total value of $71,330.00. Following the transaction, the chief operating officer now owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 860,697 shares of company stock valued at $68,456,936 in the last quarter. 4.90% of the stock is currently owned by 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.