Bamco Inc. NY Decreases Position in Dayforce Inc (NYSE:DAY)

Bamco Inc. NY trimmed its holdings in shares of Dayforce Inc (NYSE:DAY) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,527,637 shares of the company’s stock after selling 6,137 shares during the period. Bamco Inc. NY owned about 2.24% of Dayforce worth $216,068,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Perspectives Inc bought a new position in shares of Dayforce in the second quarter worth approximately $28,000. Quent Capital LLC bought a new stake in Dayforce in the 3rd quarter worth $28,000. Sentry Investment Management LLC bought a new stake in Dayforce in the 2nd quarter worth $33,000. Farther Finance Advisors LLC purchased a new position in shares of Dayforce in the third quarter valued at about $40,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in shares of Dayforce during the second quarter valued at about $62,000.

Insider Buying and Selling 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 owns 794,527 shares in the company, valued at $63,204,622.85. The trade was a 51.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey Scott Jacobs sold 643 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $40,746.91. Following the sale, the insider now owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. This represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 865,340 shares of company stock valued at $68,770,223. Corporate insiders own 4.90% of the company’s stock.

Dayforce Trading Up 0.2 %

Shares of NYSE DAY opened at $79.99 on Monday. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. 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 has a 50-day moving average of $69.40 and a 200 day moving average of $59.47. The stock has a market cap of $12.61 billion, a P/E ratio of 242.39, a price-to-earnings-growth ratio of 3.76 and a beta of 1.27.

Analyst Upgrades and Downgrades

DAY has been the topic of several recent analyst reports. Scotiabank assumed coverage on Dayforce in a research note on Monday, November 18th. They issued a “sector perform” rating and a $75.00 target price on the stock. Mizuho boosted their target price on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Jefferies Financial Group raised their price target on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. TD Cowen lifted their price target on shares of Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, October 7th. Finally, Citigroup upped their price objective on shares of Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Dayforce presently has an average rating of “Moderate Buy” and a consensus target price of $78.77.

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.