Assenagon Asset Management S.A. Acquires 2,893 Shares of Dayforce Inc (NYSE:DAY)

Assenagon Asset Management S.A. lifted its holdings in Dayforce Inc (NYSE:DAY) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,842 shares of the company’s stock after purchasing an additional 2,893 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Dayforce were worth $3,039,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Bleakley Financial Group LLC lifted its position 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 worth $298,000 after purchasing an additional 439 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Dayforce in the third quarter worth $28,000. HighTower Advisors LLC lifted its position in shares of 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. State of New Jersey Common Pension Fund D lifted its position in shares of Dayforce by 1.1% in 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 in the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of Dayforce in the third quarter worth $40,000.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DAY. TD Cowen boosted their target price on shares of Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, October 7th. Barclays lowered their target price on shares of Dayforce from $84.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Citigroup lowered their target price on shares of Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Finally, Needham & Company LLC boosted their target price on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $80.07.

Dayforce Price Performance

NYSE:DAY opened at $69.48 on Wednesday. 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 $75.31 and its two-hundred day moving average price is $64.91. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69. The company has a market cap of $10.96 billion, a P/E ratio of 210.55, a P/E/G ratio of 2.55 and a beta of 1.26.

Insider Activity at Dayforce

In related news, CEO David D. Ossip sold 858,697 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total value of $68,309,346.35. Following the transaction, the chief executive officer now directly 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 legal filing with the SEC, which is accessible through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now owns 119,022 shares in the company, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 863,697 shares of company stock worth $68,672,436. 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.