OMERS ADMINISTRATION Corp Buys 1,116 Shares of Dayforce Inc (NYSE:DAY)

OMERS ADMINISTRATION Corp boosted its stake in Dayforce Inc (NYSE:DAY) by 21.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,275 shares of the company’s stock after purchasing an additional 1,116 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Dayforce were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DAY. Capital International Investors grew its holdings in shares of Dayforce by 3.9% in the fourth quarter. Capital International Investors now owns 17,659,706 shares of the company’s stock worth $1,282,800,000 after purchasing an additional 667,065 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Dayforce by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company’s stock valued at $1,258,072,000 after acquiring an additional 197,773 shares during the period. Capital World Investors raised its stake in shares of Dayforce by 1.0% during the fourth quarter. Capital World Investors now owns 13,654,333 shares of the company’s stock valued at $991,851,000 after acquiring an additional 128,578 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Dayforce by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company’s stock valued at $278,193,000 after acquiring an additional 57,621 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Dayforce by 382.5% in the fourth quarter. FMR LLC now owns 3,215,123 shares of the company’s stock worth $233,547,000 after purchasing an additional 2,548,779 shares during the last quarter.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DAY shares. Jefferies Financial Group reduced their price target on Dayforce from $80.00 to $75.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Citigroup boosted their target price on Dayforce from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Cowen raised Dayforce from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Stifel Nicolaus cut their price target on shares of Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, BMO Capital Markets upped their price objective on shares of Dayforce from $64.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $71.54.

Dayforce Stock Up 1.5%

Shares of Dayforce stock opened at $60.01 on Monday. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 545.60, a PEG ratio of 2.49 and a beta of 1.17. The company has a 50-day moving average of $56.54 and a 200 day moving average of $66.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15.

Insider Buying and Selling

In other news, EVP Samer Alkharrat sold 1,916 shares of the firm’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $56.64, for a total transaction of $108,522.24. Following the completion of the transaction, the executive vice president now directly owns 150,237 shares in the company, valued at $8,509,423.68. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction dated 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 approximately $5,935,606.56. This represents a 1.86% decrease in their position. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by insiders.

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.