BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys Shares of 76,641 Dayforce Inc (NYSE:DAY)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in Dayforce Inc (NYSE:DAY) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 76,641 shares of the company’s stock, valued at approximately $4,694,000.

Other large investors also recently modified their holdings of the company. Quent Capital LLC bought a new stake in Dayforce in the 3rd quarter valued at $28,000. Financial Perspectives Inc acquired a new position in shares of Dayforce during the second quarter valued at about $28,000. Farther Finance Advisors LLC bought a new stake in shares of Dayforce in the third quarter valued at about $40,000. Sentry Investment Management LLC bought a new stake in shares of Dayforce in the second quarter valued at about $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Dayforce during the third quarter worth about $74,000.

Insider Buying and Selling at Dayforce

In related news, 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 completion of the transaction, the insider now directly owns 34,074 shares in the company, valued at approximately $2,159,269.38. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $65.00, for a total value of $65,000.00. Following the completion of the sale, the chief operating officer now directly owns 100,437 shares in the company, valued at approximately $6,528,405. This represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,643 shares of company stock valued at $460,877. 4.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DAY shares. Needham & Company LLC lifted their price target on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. KeyCorp raised their price target on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Mizuho lifted their price objective on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Scotiabank initiated coverage on Dayforce in a report on Monday, November 18th. They issued a “sector perform” rating and a $75.00 target price for the company. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dayforce currently has a consensus rating of “Moderate Buy” and an average price target of $78.77.

Dayforce Trading Up 1.4 %

NYSE:DAY opened at $79.79 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The business’s 50-day simple moving average is $67.31 and its 200-day simple moving average is $58.81. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $81.32. The stock has a market capitalization of $12.58 billion, a PE ratio of 241.80, a price-to-earnings-growth ratio of 3.70 and a beta of 1.27.

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.