Credit Industriel ET Commercial Takes $4.96 Million Position in Dayforce, Inc. $DAY

Credit Industriel ET Commercial acquired a new stake in Dayforce, Inc. (NYSE:DAY) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 72,000 shares of the company’s stock, valued at approximately $4,960,000.

A number of other hedge funds also recently added to or reduced their stakes in DAY. Resona Asset Management Co. Ltd. grew its stake in shares of Dayforce by 9.4% in the third quarter. Resona Asset Management Co. Ltd. now owns 1,897 shares of the company’s stock worth $131,000 after acquiring an additional 163 shares in the last quarter. UMB Bank n.a. boosted its holdings in Dayforce by 82.6% in the third quarter. UMB Bank n.a. now owns 431 shares of the company’s stock valued at $30,000 after purchasing an additional 195 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Dayforce by 1.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 19,984 shares of the company’s stock worth $1,103,000 after purchasing an additional 196 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Dayforce by 50.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 715 shares of the company’s stock worth $40,000 after purchasing an additional 240 shares during the period. Finally, CX Institutional raised its position in Dayforce by 7.0% in the 3rd quarter. CX Institutional now owns 3,785 shares of the company’s stock valued at $261,000 after purchasing an additional 247 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DAY shares. Weiss Ratings reissued a “sell (d)” rating on shares of Dayforce in a research report on Monday, December 29th. Needham & Company LLC reiterated a “hold” rating on shares of Dayforce in a report on Thursday, October 30th. Zacks Research raised shares of Dayforce from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 30th. Finally, UBS Group cut shares of Dayforce from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.36.

Insider Activity at Dayforce

In related news, insider Jeffrey Scott Jacobs sold 500 shares of the company’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $69.36, for a total value of $34,680.00. Following the completion of the sale, the insider directly owned 48,901 shares of the company’s stock, valued at $3,391,773.36. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.50% of the company’s stock.

Dayforce Price Performance

Shares of NYSE:DAY opened at $69.97 on Monday. Dayforce, Inc. has a 12 month low of $48.01 and a 12 month high of $72.28. The firm has a market capitalization of $11.20 billion, a P/E ratio of -74.44, a P/E/G ratio of 2.13 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. The company’s fifty day moving average price is $69.37 and its 200 day moving average price is $67.69.

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. The company also provides payroll and payroll-related services; and implementation and professional services.