10,000 Shares in Dayforce Inc (NYSE:DAY) Purchased by Oak Harvest Investment Services

Oak Harvest Investment Services purchased a new stake in shares of Dayforce Inc (NYSE:DAY) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $726,000.

Several other large investors also recently bought and sold shares of the business. Forsta AP Fonden bought a new position in shares of Dayforce during the 4th quarter valued at approximately $2,673,000. Pacer Advisors Inc. grew its position in Dayforce by 20.0% in the 4th quarter. Pacer Advisors Inc. now owns 13,929 shares of the company’s stock valued at $1,012,000 after acquiring an additional 2,326 shares during the last quarter. SG Americas Securities LLC boosted its position in Dayforce by 167.7% in the 4th quarter. SG Americas Securities LLC now owns 19,322 shares of the company’s stock valued at $1,404,000 after buying an additional 12,103 shares during the period. Retireful LLC purchased a new stake in Dayforce in the fourth quarter worth about $1,636,000. Finally, USA Financial Formulas purchased a new stake in Dayforce during the fourth quarter worth $224,000.

Dayforce Price Performance

Dayforce stock opened at $70.57 on Friday. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 213.85, a PEG ratio of 2.62 and a beta of 1.26. 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 price of $74.62 and a 200 day moving average price of $65.84. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DAY. Jefferies Financial Group boosted their target price on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $80.00 price target (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. TD Cowen boosted their price target on shares of Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, October 7th. Stifel Nicolaus boosted their price target on shares of Dayforce from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Mizuho raised their price target on shares of Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.07.

Insider Activity

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total transaction of $71,330.00. Following the transaction, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David D. Ossip sold 858,697 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the transaction, the chief executive officer now owns 794,527 shares of the company’s stock, valued at approximately $63,204,622.85. This trade represents a 51.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 861,697 shares of company stock valued at $68,533,936. Company insiders own 4.90% 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.