OMERS ADMINISTRATION Corp Increases Holdings in Dayforce Inc (NYSE:DAY)

OMERS ADMINISTRATION Corp lifted its holdings in shares of Dayforce Inc (NYSE:DAY) by 21.6% during the fourth quarter, according to its most recent 13F 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Metis Global Partners LLC increased its holdings in Dayforce by 3.8% during the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company’s stock worth $382,000 after buying an additional 193 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Dayforce by 4.1% during the 4th quarter. Stifel Financial Corp now owns 5,206 shares of the company’s stock worth $378,000 after purchasing an additional 205 shares during the last quarter. United Capital Financial Advisors LLC raised its holdings in shares of Dayforce by 3.5% in the 4th quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company’s stock worth $490,000 after purchasing an additional 228 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Dayforce by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 43,707 shares of the company’s stock valued at $3,175,000 after purchasing an additional 277 shares during the last quarter. Finally, Utah Retirement Systems grew its holdings in Dayforce by 1.2% during the fourth quarter. Utah Retirement Systems now owns 24,923 shares of the company’s stock valued at $1,810,000 after purchasing an additional 300 shares during the period.

Insider Activity

In related news, EVP William Everett Mcdonald sold 2,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 105,691 shares in the company, valued at $5,935,606.56. The trade was a 1.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Samer Alkharrat sold 1,916 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was 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 directly owns 150,237 shares of the company’s stock, valued at approximately $8,509,423.68. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays lowered their target price on Dayforce from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a report on Thursday, May 8th. Wells Fargo & Company dropped their price objective on shares of Dayforce from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Citigroup increased their target price on shares of Dayforce from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Finally, TD Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating and boosted their price target for the company from $67.00 to $68.00 in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $71.54.

Dayforce Trading Up 1.5%

Shares of DAY 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 company has a market capitalization of $9.59 billion, a P/E ratio of 545.60, a P/E/G ratio of 2.49 and a beta of 1.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 1.15. The firm’s 50 day simple moving average is $56.54 and its 200 day simple moving average is $66.37.

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.