Farther Finance Advisors LLC Invests $40,000 in Dayforce Inc (NYSE:DAY)

Farther Finance Advisors LLC acquired a new stake in Dayforce Inc (NYSE:DAY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 646 shares of the company’s stock, valued at approximately $40,000.

Several other hedge funds have also recently bought and sold shares of the company. Select Equity Group L.P. purchased a new stake in Dayforce during the second quarter worth about $721,310,000. Elo Mutual Pension Insurance Co acquired a new position in shares of Dayforce in the second quarter valued at approximately $673,000. State of New Jersey Common Pension Fund D purchased a new stake in Dayforce during the 2nd quarter worth approximately $2,760,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Dayforce during the 2nd quarter worth approximately $663,000. Finally, Royal London Asset Management Ltd. purchased a new position in Dayforce in the 2nd quarter valued at approximately $2,942,000.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Mizuho increased their price objective on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday. BMO Capital Markets increased their price target on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday. Needham & Company LLC lifted their price objective on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday. Jefferies Financial Group upped their target price on shares of Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $94.00 price target (up previously from $82.00) on shares of Dayforce in a research note on Wednesday. Five equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.08.

Dayforce Trading Down 0.5 %

NYSE DAY opened at $76.76 on Friday. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $81.32. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 232.61, a price-to-earnings-growth ratio of 3.71 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The firm’s fifty day moving average price is $64.59 and its 200 day moving average price is $57.96.

Insider Transactions at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $77.00, for a total transaction of $77,000.00. Following the transaction, the chief operating officer now directly owns 122,022 shares of the company’s stock, valued at approximately $9,395,694. This trade represents a 0.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey Scott Jacobs sold 643 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $40,746.91. Following the completion of the sale, the insider now directly owns 34,074 shares of the company’s stock, valued at $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. Over the last 90 days, insiders have sold 5,643 shares of company stock worth $384,617. Corporate 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.