State of Alaska Department of Revenue Acquires 1,245 Shares of Dayforce Inc (NYSE:DAY)

State of Alaska Department of Revenue increased its holdings in Dayforce Inc (NYSE:DAY) by 7.3% in the 3rd quarter, Holdings Channel reports. The fund owned 18,415 shares of the company’s stock after buying an additional 1,245 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dayforce were worth $1,127,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DAY. Select Equity Group L.P. purchased a new stake in Dayforce in the second quarter worth about $721,310,000. EdgePoint Investment Group Inc. bought a new position in Dayforce during the 2nd quarter valued at approximately $521,396,000. Dragoneer Investment Group LLC purchased a new position in Dayforce during the second quarter valued at $193,274,000. Dimensional Fund Advisors LP bought a new stake in Dayforce in the second quarter worth $51,027,000. Finally, Cannae Holdings Inc. purchased a new stake in shares of Dayforce in the second quarter worth $49,600,000.

Dayforce Stock Up 0.2 %

Dayforce stock opened at $75.40 on Tuesday. The stock has a market cap of $11.89 billion, a PE ratio of 228.49, a price-to-earnings-growth ratio of 2.56 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.15. The stock has a fifty day moving average of $61.44 and a 200 day moving average of $56.97. Dayforce Inc has a one year low of $47.08 and a one year high of $76.30.

Insider Activity

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $63,370.00. Following the transaction, the chief operating officer now owns 101,437 shares of the company’s stock, valued at approximately $6,428,062.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the business’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 completion of the sale, the insider now owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 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 $63,370.00. Following the completion of the transaction, the chief operating officer now directly owns 101,437 shares in the company, valued at $6,428,062.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,643 shares of company stock valued at $307,617 in the last quarter. 4.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DAY. KeyCorp started coverage on shares of Dayforce in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $70.00 price target on the stock. BMO Capital Markets increased their price target on shares of Dayforce from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup upped their price objective on Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Barclays lifted their target price on Dayforce from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.67.

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.