Mufg Securities Americas Inc. Buys Shares of 2,328 Dayforce Inc (NYSE:DAY)

Mufg Securities Americas Inc. bought a new stake in shares of Dayforce Inc (NYSE:DAY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,328 shares of the company’s stock, valued at approximately $169,000.

A number of other large investors have also made changes to their positions in DAY. FMR LLC grew its position in shares of Dayforce by 382.5% in the fourth quarter. FMR LLC now owns 3,215,123 shares of the company’s stock valued at $233,547,000 after purchasing an additional 2,548,779 shares in the last quarter. Capital International Investors grew its position in 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 acquiring an additional 667,065 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Dayforce by 18,250.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company’s stock worth $47,890,000 after acquiring an additional 657,013 shares during the period. California Public Employees Retirement System grew its position in Dayforce by 189.0% in the fourth quarter. California Public Employees Retirement System now owns 567,561 shares of the company’s stock worth $41,228,000 after acquiring an additional 371,153 shares during the period. Finally, Northern Trust Corp grew its position in Dayforce by 21.5% in the fourth quarter. Northern Trust Corp now owns 1,544,475 shares of the company’s stock worth $112,191,000 after acquiring an additional 273,031 shares during the period.

Insider Activity

In other news, EVP William Everett Mcdonald sold 2,000 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the sale, the executive vice president now directly owns 105,691 shares in the company, valued at approximately $5,935,606.56. This trade represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Samer Alkharrat sold 1,916 shares of the firm’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $56.64, for a total value of $108,522.24. Following the completion of the sale, the executive vice president now owns 150,237 shares in the company, valued at approximately $8,509,423.68. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.50% of the company’s stock.

Dayforce Stock Up 1.5%

Shares of NYSE DAY opened at $60.01 on Friday. The stock has a market cap of $9.59 billion, a P/E ratio of 545.60, a PEG ratio of 2.49 and a beta of 1.17. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The business’s fifty day simple moving average is $56.54 and its 200-day simple moving average is $66.40.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DAY. Stifel Nicolaus lowered their price target on Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Piper Sandler lowered their price target on Dayforce from $83.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th. Cowen upgraded Dayforce from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. KeyCorp lowered their price target on Dayforce from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, BMO Capital Markets raised their price target on Dayforce from $64.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.54.

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.