Allianz Asset Management GmbH Cuts Position in Dayforce, Inc. (NYSE:DAY)

Allianz Asset Management GmbH lessened its position in shares of Dayforce, Inc. (NYSE:DAY) by 34.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,769 shares of the company’s stock after selling 5,717 shares during the quarter. Allianz Asset Management GmbH’s holdings in Dayforce were worth $628,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its holdings in shares of Dayforce by 3.9% in the 4th quarter. Capital International Investors now owns 17,659,706 shares of the company’s stock worth $1,282,800,000 after purchasing an additional 667,065 shares during the period. Capital World Investors boosted its holdings in shares of Dayforce by 1.0% in the 4th quarter. Capital World Investors now owns 13,654,333 shares of the company’s stock worth $991,851,000 after purchasing an additional 128,578 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Dayforce by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company’s stock worth $278,193,000 after purchasing an additional 57,621 shares during the period. FMR LLC boosted its holdings in shares of Dayforce by 382.5% in the 4th quarter. FMR LLC now owns 3,215,123 shares of the company’s stock worth $233,547,000 after purchasing an additional 2,548,779 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Dayforce by 21.5% in the 4th quarter. Northern Trust Corp now owns 1,544,475 shares of the company’s stock worth $112,191,000 after purchasing an additional 273,031 shares during the period.

Dayforce Price Performance

DAY opened at $55.30 on Friday. The business has a fifty day moving average of $57.65 and a 200 day moving average of $59.51. Dayforce, Inc. has a 52-week low of $48.01 and a 52-week high of $82.69. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.24. The stock has a market cap of $8.84 billion, a P/E ratio of 345.65, a PEG ratio of 2.24 and a beta of 1.11.

Analyst Ratings Changes

A number of brokerages have recently commented on DAY. Barclays dropped their target price on Dayforce from $61.00 to $60.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. Piper Sandler dropped their target price on Dayforce from $83.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. KeyCorp dropped their target price on Dayforce from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Citigroup lifted their target price on Dayforce from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, UBS Group lifted their target price on Dayforce from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.86.

Insider Buying and Selling at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total transaction of $110,020.00. Following the completion of the sale, the chief operating officer directly owned 190,811 shares of the company’s stock, valued at $10,496,513.11. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP William Everett Mcdonald sold 2,059 shares of Dayforce stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total value of $113,265.59. Following the sale, the executive vice president directly owned 103,684 shares of the company’s stock, valued at approximately $5,703,656.84. This trade represents a 1.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,382 shares of company stock valued at $539,860 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

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.