Westfield Capital Management Co. LP Has $28.65 Million Position in Dayforce Inc (NYSE:DAY)

Westfield Capital Management Co. LP decreased its holdings in Dayforce Inc (NYSE:DAY) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 467,798 shares of the company’s stock after selling 724 shares during the quarter. Westfield Capital Management Co. LP owned 0.30% of Dayforce worth $28,653,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Select Equity Group L.P. bought a new stake in Dayforce in the second quarter valued at about $721,310,000. EdgePoint Investment Group Inc. bought a new stake in shares of Dayforce in the 2nd quarter valued at approximately $521,396,000. Dragoneer Investment Group LLC bought a new stake in shares of Dayforce in the 2nd quarter valued at approximately $193,274,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Dayforce by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,395,044 shares of the company’s stock worth $85,446,000 after buying an additional 8,506 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of Dayforce during the 2nd quarter worth approximately $51,027,000.

Analysts Set New Price Targets

A number of brokerages have weighed in on DAY. KeyCorp upped their price target on Dayforce from $80.00 to $92.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Citigroup boosted their price target on shares of Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their target price on Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Scotiabank assumed coverage on Dayforce in a report on Monday, November 18th. They set a “sector perform” rating and a $75.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.77.

Insider Activity

In other Dayforce 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 value of $40,746.91. Following the completion of the sale, the insider now directly owns 34,074 shares in the company, valued at $2,159,269.38. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $76.26, for a total value of $76,260.00. Following the sale, the chief operating officer now directly owns 121,022 shares in the company, valued at approximately $9,229,137.72. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,643 shares of company stock valued at $460,877 in the last ninety days. 4.90% of the stock is owned by insiders.

Dayforce Stock Up 1.4 %

NYSE:DAY opened at $79.79 on Monday. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $81.32. The stock’s fifty day simple moving average is $67.31 and its 200-day simple moving average is $58.80. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $12.58 billion, a P/E ratio of 241.80, a P/E/G ratio of 3.70 and a beta of 1.27.

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.