Farther Finance Advisors LLC Invests $40,000 in Dayforce Inc (NYSE:DAY)

Farther Finance Advisors LLC purchased a new position in shares of Dayforce Inc (NYSE:DAY) during the third quarter, HoldingsChannel reports. The firm purchased 646 shares of the company’s stock, valued at approximately $40,000.

Several other large investors have also recently added to or reduced their stakes in the company. Select Equity Group L.P. acquired a new position in shares of Dayforce during the 2nd quarter worth $721,310,000. EdgePoint Investment Group Inc. acquired a new position in Dayforce during the second quarter worth about $521,396,000. Dragoneer Investment Group LLC purchased a new position in Dayforce in the second quarter valued at about $193,274,000. Dimensional Fund Advisors LP acquired a new stake in shares of Dayforce during the 2nd quarter valued at approximately $51,027,000. Finally, Cannae Holdings Inc. purchased a new stake in shares of Dayforce during the 2nd quarter worth approximately $49,600,000.

Dayforce Stock Performance

Shares of DAY stock opened at $76.76 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 232.61, a price-to-earnings-growth ratio of 3.71 and a beta of 1.27. Dayforce Inc has a one year low of $47.08 and a one year high of $81.32. The company has a 50 day moving average price of $64.59 and a 200 day moving average price of $57.96.

Analyst Ratings Changes

DAY has been the subject of several research reports. BMO Capital Markets lifted their price objective on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup raised their target price on shares of Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, October 31st. KeyCorp upped their price target on shares of Dayforce from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Barclays raised their price objective on shares of Dayforce from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.08.

Insider Transactions at Dayforce

In other news, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $69.25, for a total value of $138,500.00. Following the transaction, the chief operating officer now directly owns 98,437 shares of the company’s stock, valued at $6,816,762.25. The trade was a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey Scott Jacobs sold 643 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $40,746.91. Following the sale, the insider now directly owns 34,074 shares of the company’s stock, valued at approximately $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 a total of 5,643 shares of company stock worth $384,617 in the last ninety days. 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.