Czech National Bank Acquires 1,987 Shares of Dayforce Inc (NYSE:DAY)

Czech National Bank increased its stake in Dayforce Inc (NYSE:DAY) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,193 shares of the company’s stock after acquiring an additional 1,987 shares during the period. Czech National Bank’s holdings in Dayforce were worth $2,484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Select Equity Group L.P. bought a new position in shares of Dayforce during the 2nd quarter valued at approximately $721,310,000. Principal Financial Group Inc. purchased a new stake in shares of Dayforce in the third quarter valued at $11,135,000. KBC Group NV bought a new stake in shares of Dayforce in the 3rd quarter worth about $946,000. Adero Partners LLC purchased a new position in shares of Dayforce during the 3rd quarter worth about $4,987,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Dayforce during the 3rd quarter worth about $19,273,000.

Insider Buying and Selling

In related news, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $77.00, for a total transaction of $77,000.00. Following the transaction, the chief operating officer now directly owns 122,022 shares in the company, valued at $9,395,694. The trade was a 0.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David D. Ossip sold 858,697 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total value of $68,309,346.35. Following the completion of the sale, the chief executive officer now directly owns 794,527 shares of the company’s stock, valued at approximately $63,204,622.85. This represents a 51.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 862,697 shares of company stock worth $68,601,106 in the last 90 days. 4.90% of the stock is owned by corporate insiders.

Dayforce Price Performance

Shares of DAY stock opened at $70.17 on Friday. The stock’s 50-day moving average is $75.75 and its 200 day moving average is $64.46. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $11.07 billion, a P/E ratio of 212.63, a PEG ratio of 2.61 and a beta of 1.26.

Analyst Ratings Changes

DAY has been the subject of several analyst reports. Piper Sandler reissued an “overweight” rating and issued a $94.00 price objective (up previously from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Scotiabank started coverage on Dayforce in a report on Monday, November 18th. They issued a “sector perform” rating and a $75.00 price target on the stock. Barclays dropped their price objective on Dayforce from $84.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. BMO Capital Markets increased their target price on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Mizuho boosted their target price on shares of Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dayforce currently has an average rating of “Moderate Buy” and a consensus target price of $80.07.

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.