GAMMA Investing LLC Purchases 1,002 Shares of Dayforce Inc (NYSE:DAY)

GAMMA Investing LLC grew its position in Dayforce Inc (NYSE:DAY) by 52.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,926 shares of the company’s stock after acquiring an additional 1,002 shares during the quarter. GAMMA Investing LLC’s holdings in Dayforce were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DAY. Bleakley Financial Group LLC raised its stake in shares of Dayforce by 9.9% in the third quarter. Bleakley Financial Group LLC now owns 4,867 shares of the company’s stock valued at $298,000 after purchasing an additional 439 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Dayforce during the 3rd quarter valued at about $28,000. Financial Perspectives Inc bought a new stake in Dayforce in the second quarter valued at about $28,000. HighTower Advisors LLC raised its position in Dayforce by 11.0% in the third quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock worth $368,000 after purchasing an additional 602 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Dayforce by 1.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 56,294 shares of the company’s stock worth $3,448,000 after purchasing an additional 640 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen increased their target price on Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, October 7th. Needham & Company LLC lifted their price objective on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Citigroup lifted their price target on shares of Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus lifted 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, Mizuho boosted their target price on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Dayforce presently has an average rating of “Moderate Buy” and a consensus target price of $79.86.

Dayforce Price Performance

Shares of DAY stock opened at $71.23 on Wednesday. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 215.86, a PEG ratio of 3.68 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 quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $76.41 and a 200 day moving average price of $63.51.

Insider Activity

In related news, 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 sale, the chief executive officer now owns 794,527 shares in the company, valued at approximately $63,204,622.85. This represents a 51.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $40,746.91. Following the transaction, the insider now owns 34,074 shares in the company, valued at approximately $2,159,269.38. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 865,340 shares of company stock valued at $68,770,223. 4.90% of the stock is currently owned by insiders.

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.