Westfield Capital Management Co. LP Has $28.65 Million Position in Dayforce Inc (NYSE:DAY)

Westfield Capital Management Co. LP lessened its position in Dayforce Inc (NYSE:DAY) by 0.2% during the third quarter, Holdings Channel reports. The institutional investor owned 467,798 shares of the company’s stock after selling 724 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Dayforce were worth $28,653,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Financial Perspectives Inc bought a new position in shares of Dayforce during the 2nd quarter worth approximately $28,000. Quent Capital LLC bought a new position in Dayforce in the third quarter valued at $28,000. Sentry Investment Management LLC acquired a new stake in Dayforce in the 2nd quarter valued at $33,000. Farther Finance Advisors LLC bought a new stake in Dayforce during the 3rd quarter worth about $40,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Dayforce during the 2nd quarter worth about $62,000.

Analyst Ratings Changes

A number of research firms recently issued reports on DAY. Needham & Company LLC lifted their target price on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Piper Sandler restated an “overweight” rating and issued a $94.00 price target (up from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Barclays upped their price objective on Dayforce from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Citigroup raised their target price on shares of Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group boosted their target price on shares of Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.77.

Dayforce Stock Performance

NYSE DAY opened at $79.79 on Monday. The stock has a market cap of $12.58 billion, a PE ratio of 241.80, a P/E/G ratio of 3.70 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a 50-day moving average of $67.31 and a 200-day moving average of $58.80. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $81.32.

Insider Activity

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $77.00, for a total transaction of $77,000.00. Following the transaction, the chief operating officer now owns 122,022 shares in the company, valued at $9,395,694. This trade represents a 0.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce 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 $2,159,269.38. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,643 shares of company stock valued at $460,877. 4.90% of the stock is owned by insiders.

Dayforce 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.