Toronto Dominion Bank Has $3.27 Million Stock Holdings in Dayforce Inc (NYSE:DAY)

Toronto Dominion Bank raised its position in Dayforce Inc (NYSE:DAY) by 17.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 53,305 shares of the company’s stock after acquiring an additional 8,035 shares during the period. Toronto Dominion Bank’s holdings in Dayforce were worth $3,265,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of DAY. Select Equity Group L.P. purchased a new stake in shares of Dayforce in the second quarter worth approximately $721,310,000. KBC Group NV bought a new position in Dayforce during the 3rd quarter valued at $946,000. Adero Partners LLC purchased a new position in Dayforce during the 3rd quarter worth $4,987,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Dayforce in the 3rd quarter worth $19,273,000. Finally, Elo Mutual Pension Insurance Co bought a new stake in shares of Dayforce in the 2nd quarter worth $673,000.

Dayforce Price Performance

NYSE DAY opened at $77.17 on Monday. 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 company has a market cap of $12.17 billion, a PE ratio of 233.85, a price-to-earnings-growth ratio of 3.68 and a beta of 1.26. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The firm’s 50-day simple moving average is $73.09 and its two-hundred day simple moving average is $60.80.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DAY. Barclays boosted their price target on shares of Dayforce from $80.00 to $84.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Scotiabank assumed 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. BMO Capital Markets lifted their price target on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Piper Sandler reissued an “overweight” rating and issued a $94.00 price objective (up previously from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Finally, Citigroup raised their target price on Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.08.

Insider Activity at Dayforce

In other Dayforce news, CEO David D. Ossip sold 858,697 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the sale, the chief executive officer now owns 794,527 shares of the company’s stock, valued at $63,204,622.85. The trade was a 51.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction on 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 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. In the last ninety days, insiders have sold 865,340 shares of company stock worth $68,770,223. 4.90% of the stock is owned by corporate insiders.

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.