Dayforce Inc (NYSE:DAY) COO Sells $138,500.00 in Stock

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $69.25, for a total transaction of $138,500.00. Following the completion of the transaction, the chief operating officer now owns 98,437 shares of the company’s stock, valued at $6,816,762.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dayforce Trading Up 1.2 %

Shares of DAY traded up $0.87 during mid-day trading on Thursday, reaching $70.95. The company’s stock had a trading volume of 2,866,991 shares, compared to its average volume of 1,586,348. The stock has a market cap of $11.22 billion, a PE ratio of 236.50, a P/E/G ratio of 2.23 and a beta of 1.29. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $74.66. The company’s fifty day moving average price is $60.43 and its two-hundred day moving average price is $56.70.

Dayforce (NYSE:DAY) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $423.30 million during the quarter, compared to analyst estimates of $417.41 million. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. On average, analysts predict that Dayforce Inc will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dayforce

Hedge funds have recently made changes to their positions in the business. Quent Capital LLC bought a new stake in shares of Dayforce in the 3rd quarter worth approximately $28,000. Financial Perspectives Inc bought a new stake in Dayforce during the 2nd quarter valued at $28,000. Farther Finance Advisors LLC bought a new stake in Dayforce during the 3rd quarter valued at $40,000. Sentry Investment Management LLC bought a new stake in Dayforce during the 2nd quarter valued at $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Dayforce during the 3rd quarter valued at $74,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DAY. Mizuho lifted their target price on shares of Dayforce from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday. KeyCorp initiated coverage on shares of Dayforce in a research note on Tuesday, September 24th. They set an “overweight” rating and a $70.00 price objective for the company. TD Cowen boosted their price objective on shares of Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, October 7th. Jefferies Financial Group boosted their price objective on shares of Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, Barclays boosted their price objective on shares of Dayforce from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday. Five 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.25.

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.