20,800 Shares in Dayforce Inc (NYSE:DAY) Purchased by Two Sigma Investments LP

Two Sigma Investments LP bought a new position in shares of Dayforce Inc (NYSE:DAY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 20,800 shares of the company’s stock, valued at approximately $1,511,000.

Several other hedge funds have also recently bought and sold shares of DAY. Harvest Fund Management Co. Ltd acquired a new position in Dayforce during the 4th quarter worth about $61,000. Federated Hermes Inc. purchased a new stake in Dayforce during the 4th quarter worth about $72,000. AlphaQuest LLC increased its holdings in Dayforce by 14,800.0% during the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after purchasing an additional 1,036 shares during the period. Smartleaf Asset Management LLC increased its holdings in Dayforce by 69.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock worth $89,000 after purchasing an additional 501 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new stake in Dayforce during the 4th quarter worth about $169,000.

Dayforce Stock Performance

Shares of DAY stock opened at $58.95 on Wednesday. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The firm has a market capitalization of $9.42 billion, a price-to-earnings ratio of 535.96, a price-to-earnings-growth ratio of 2.49 and a beta of 1.12. The business has a 50 day simple moving average of $56.75 and a 200 day simple moving average of $64.81. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DAY shares. BMO Capital Markets upped their price target on Dayforce from $64.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a report on Thursday, May 8th. Wells Fargo & Company dropped their price objective on Dayforce from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. KeyCorp dropped their price objective on Dayforce from $80.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Finally, TD Cowen upgraded Dayforce from a “hold” rating to a “buy” rating and increased their price objective for the company from $67.00 to $68.00 in a report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $71.54.

Insider Buying and Selling

In related news, EVP Samer Alkharrat sold 1,916 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $56.64, for a total value of $108,522.24. Following the completion of the transaction, the executive vice president now directly owns 150,237 shares of the company’s stock, valued at $8,509,423.68. This represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the completion of the transaction, the executive vice president now directly owns 105,691 shares of the company’s stock, valued at $5,935,606.56. This trade represents a 1.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company’s stock.

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.