Barclays Raises Dayforce (NYSE:DAY) Price Target to $80.00

Dayforce (NYSE:DAY) had its target price upped by Barclays from $70.00 to $80.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts also recently weighed in on DAY. Citigroup increased their price target on Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday. Mizuho upped their price target on shares of Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group boosted their target price on shares of Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Finally, KeyCorp began coverage on Dayforce in a report on Tuesday, September 24th. They issued an “overweight” rating and a $70.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.08.

Dayforce Trading Down 2.3 %

NYSE:DAY opened at $77.17 on Wednesday. Dayforce has a 12 month low of $47.08 and a 12 month high of $81.32. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $64.14 and its 200 day moving average is $57.82. The stock has a market capitalization of $12.17 billion, a PE ratio of 233.86, a price-to-earnings-growth ratio of 3.71 and a beta of 1.27.

Insider Activity

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $77.00, for a total value of $77,000.00. Following the transaction, the chief operating officer now directly owns 122,022 shares of the company’s stock, valued at $9,395,694. 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 available at the SEC website. In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $77.00, for a total value of $77,000.00. Following the sale, the chief operating officer now owns 122,022 shares of the company’s stock, valued at $9,395,694. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephen H. Holdridge sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $69.25, for a total transaction of $138,500.00. Following the transaction, the chief operating officer now directly owns 98,437 shares of the company’s stock, valued at approximately $6,816,762.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,643 shares of company stock valued at $384,617. Insiders own 4.90% of the company’s stock.

Institutional Trading of Dayforce

Hedge funds have recently modified their holdings of the business. Select Equity Group L.P. purchased a new stake in Dayforce in the second quarter worth about $721,310,000. EdgePoint Investment Group Inc. bought a new stake in Dayforce in the second quarter worth $521,396,000. Dragoneer Investment Group LLC purchased a new stake in shares of Dayforce in the second quarter worth $193,274,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Dayforce by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,395,044 shares of the company’s stock valued at $85,446,000 after acquiring an additional 8,506 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in shares of Dayforce during the second quarter valued at $51,027,000.

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.