70,000 Shares in Dayforce, Inc. $DAY Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new stake in shares of Dayforce, Inc. (NYSE:DAY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 70,000 shares of the company’s stock, valued at approximately $4,822,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Greenland Capital Management LP acquired a new position in shares of Dayforce in the second quarter worth about $3,264,000. Charles Schwab Investment Management Inc. increased its stake in shares of Dayforce by 3.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,506,214 shares of the company’s stock valued at $83,429,000 after purchasing an additional 45,623 shares in the last quarter. Versor Investments LP raised its holdings in Dayforce by 1,416.1% in the 3rd quarter. Versor Investments LP now owns 168,254 shares of the company’s stock worth $11,591,000 after purchasing an additional 157,156 shares during the period. Andra AP fonden boosted its position in Dayforce by 799.6% during the second quarter. Andra AP fonden now owns 35,578 shares of the company’s stock worth $1,971,000 after purchasing an additional 31,623 shares in the last quarter. Finally, Future Fund LLC purchased a new position in Dayforce during the second quarter worth approximately $928,000.

Insider Buying and Selling

In other Dayforce news, insider Jeffrey Scott Jacobs sold 500 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $69.36, for a total transaction of $34,680.00. Following the transaction, the insider directly owned 48,901 shares of the company’s stock, valued at approximately $3,391,773.36. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Dayforce Price Performance

Shares of NYSE DAY opened at $69.97 on Friday. The stock has a market cap 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. Dayforce, Inc. has a twelve month low of $48.01 and a twelve month high of $72.28. The stock has a 50 day moving average of $69.44 and a two-hundred day moving average of $67.91. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23.

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