Exchange Traded Concepts LLC Has $192,000 Stock Position in Dayforce Inc (NYSE:DAY)

Exchange Traded Concepts LLC lessened its position in shares of Dayforce Inc (NYSE:DAY) by 41.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,647 shares of the company’s stock after selling 1,885 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Dayforce were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. EdgePoint Investment Group Inc. lifted its position in Dayforce by 1.1% in the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock worth $650,726,000 after purchasing an additional 112,086 shares during the period. Janus Henderson Group PLC raised its stake in shares of Dayforce by 1.9% in the 3rd quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock valued at $347,236,000 after buying an additional 103,794 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dayforce by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock worth $230,875,000 after acquiring an additional 30,302 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Dayforce by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,395,044 shares of the company’s stock valued at $85,446,000 after acquiring an additional 8,506 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Dayforce by 3.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 980,692 shares of the company’s stock valued at $60,067,000 after acquiring an additional 34,731 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DAY shares. Barclays cut their price target on shares of Dayforce from $84.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, January 10th. Citigroup decreased their price target on Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Jefferies Financial Group increased their price objective on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. 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. Finally, Needham & Company LLC upped their target price on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.07.

Insiders Place Their Bets

In other news, CEO David D. Ossip sold 858,697 shares of Dayforce stock in a transaction that occurred 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $76.26, for a total transaction of $76,260.00. Following the completion of the transaction, the chief operating officer now owns 121,022 shares in the company, valued at $9,229,137.72. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 861,697 shares of company stock valued at $68,533,936. 4.90% of the stock is currently owned by corporate insiders.

Dayforce Price Performance

Shares of DAY stock opened at $70.61 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $11.14 billion, a price-to-earnings ratio of 213.98, a PEG ratio of 2.62 and a beta of 1.26. The firm’s 50 day moving average is $74.28 and its 200-day moving average is $66.06. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69.

About Dayforce

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.