HighTower Advisors LLC Purchases 602 Shares of Dayforce Inc (NYSE:DAY)

HighTower Advisors LLC lifted its position in shares of Dayforce Inc (NYSE:DAY) by 11.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,083 shares of the company’s stock after buying an additional 602 shares during the quarter. HighTower Advisors LLC’s holdings in Dayforce were worth $368,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new position in shares of Dayforce in the 3rd quarter valued at $28,000. Financial Perspectives Inc bought a new stake in Dayforce during the second quarter valued at about $28,000. Farther Finance Advisors LLC purchased a new position in Dayforce in the third quarter valued at about $40,000. Sentry Investment Management LLC bought a new position in Dayforce in the second quarter worth about $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Dayforce during the third quarter valued at about $74,000.

Dayforce Stock Up 1.1 %

Shares of DAY opened at $74.84 on Monday. The company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 226.79, a PEG ratio of 3.68 and a beta of 1.26. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The stock’s 50-day moving average price is $74.48 and its 200-day moving average price is $61.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, October 7th. Jefferies Financial Group upped their price target on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Mizuho raised their price objective on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Needham & Company LLC boosted their target price on Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $94.00 price target (up from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $79.86.

Insider Buying and Selling at Dayforce

In other news, insider Jeffrey Scott Jacobs sold 643 shares of the firm’s 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David D. Ossip sold 858,697 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $63,204,622.85. The trade was a 51.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 865,340 shares of company stock valued at $68,770,223. 4.90% of the stock is owned by company 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.