Stifel Financial Corp Purchases 691 Shares of Dayforce Inc (NYSE:DAY)

Stifel Financial Corp grew its position in shares of Dayforce Inc (NYSE:DAY) by 16.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,001 shares of the company’s stock after buying an additional 691 shares during the period. Stifel Financial Corp’s holdings in Dayforce were worth $306,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bleakley Financial Group LLC raised its stake in Dayforce by 9.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,867 shares of the company’s stock worth $298,000 after purchasing an additional 439 shares in the last quarter. Quent Capital LLC bought a new position in shares of Dayforce during the third quarter worth approximately $28,000. Financial Perspectives Inc acquired a new stake in shares of Dayforce in the second quarter valued at approximately $28,000. HighTower Advisors LLC grew its position in Dayforce by 11.0% during the third quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock worth $368,000 after buying an additional 602 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Dayforce by 1.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 56,294 shares of the company’s stock worth $3,448,000 after acquiring an additional 640 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DAY shares. Citigroup upped their target price on Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. KeyCorp upped their price objective on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Stifel Nicolaus raised their target price on shares of Dayforce from $82.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Needham & Company LLC increased their price target on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Piper Sandler restated an “overweight” rating and set a $94.00 target price (up from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.86.

Dayforce Stock Down 0.6 %

Dayforce stock opened at $73.72 on Friday. The firm has a 50 day moving average price of $75.49 and a two-hundred day moving average price of $62.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 223.40, a PEG ratio of 3.68 and a beta of 1.26.

Insider Buying and Selling

In related news, CEO David D. Ossip sold 858,697 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the transaction, the chief executive officer now owns 794,527 shares in the company, valued at $63,204,622.85. The trade was a 51.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Scott Jacobs sold 643 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $40,746.91. Following the transaction, the insider now directly owns 34,074 shares in the company, valued at $2,159,269.38. This trade represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 865,340 shares of company stock valued at $68,770,223 over the last 90 days. 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.