New York State Teachers Retirement System Invests $6.64 Million in Dayforce Inc (NYSE:DAY)

New York State Teachers Retirement System acquired a new stake in shares of Dayforce Inc (NYSE:DAY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 108,399 shares of the company’s stock, valued at approximately $6,639,000. New York State Teachers Retirement System owned approximately 0.07% of Dayforce at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Financial Perspectives Inc bought a new position in Dayforce during the second quarter valued at approximately $28,000. Quent Capital LLC purchased a new position in Dayforce in the 3rd quarter worth $28,000. Sentry Investment Management LLC bought a new stake in Dayforce in the second quarter worth $33,000. Benjamin F. Edwards & Company Inc. purchased a new stake in Dayforce during the second quarter valued at about $62,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Dayforce during the second quarter valued at about $66,000.

Dayforce Stock Performance

Shares of DAY opened at $75.40 on Tuesday. Dayforce Inc has a one year low of $47.08 and a one year high of $76.30. The firm has a market capitalization 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 50-day simple moving average of $61.44 and a two-hundred day simple moving average of $56.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.11.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their target price on Dayforce from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. BMO Capital Markets increased their price objective on Dayforce from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup lifted their target price on shares of Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $82.00 price target on shares of Dayforce in a research report on Thursday, October 31st. Finally, Piper Sandler boosted their price objective on shares of Dayforce from $71.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.67.

Insider Activity at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $63,370.00. Following the completion of 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 sale 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 company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the sale, the insider now owns 34,074 shares in the company, valued at approximately $2,159,269.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $63,370.00. Following the transaction, the chief operating officer now directly owns 101,437 shares of the company’s stock, valued at $6,428,062.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,643 shares of company stock worth $307,617 over the last ninety days. 4.90% of the stock is owned by corporate 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.