Harbor Capital Advisors Inc. Acquires Shares of 3,128 Dayforce Inc (NYSE:DAY)

Harbor Capital Advisors Inc. purchased a new stake in Dayforce Inc (NYSE:DAY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,128 shares of the company’s stock, valued at approximately $192,000.

Other institutional investors also recently bought and sold shares of the company. Select Equity Group L.P. acquired a new stake in shares of Dayforce during the 2nd quarter worth about $721,310,000. EdgePoint Investment Group Inc. acquired a new stake in Dayforce during the second quarter worth approximately $521,396,000. Dragoneer Investment Group LLC acquired a new stake in Dayforce during the second quarter worth approximately $193,274,000. Dimensional Fund Advisors LP purchased a new stake in shares of Dayforce during the 2nd quarter worth approximately $51,027,000. Finally, Cannae Holdings Inc. acquired a new position in shares of Dayforce in the 2nd quarter valued at $49,600,000.

Insiders Place Their Bets

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were 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 in the company, valued at approximately $2,159,269.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the transaction, the insider now directly owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the sale, the chief operating officer now directly owns 101,437 shares in the company, valued at $6,428,062.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,643 shares of company stock worth $384,617. 4.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DAY shares. Piper Sandler lifted their price target on shares of Dayforce from $71.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. KeyCorp assumed coverage on shares of Dayforce in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $70.00 price objective on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group upped their price objective on Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, TD Cowen lifted their target price on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.67.

Dayforce Stock Down 0.4 %

DAY opened at $80.64 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $81.12. The stock has a market capitalization of $12.72 billion, a P/E ratio of 244.37, a P/E/G ratio of 3.52 and a beta of 1.27. The business has a 50 day simple moving average of $62.74 and a 200-day simple moving average of $57.42.

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.