Dayforce (NYSE:DAY) Price Target Raised to $92.00

Dayforce (NYSE:DAY) had its price objective upped by investment analysts at KeyCorp from $80.00 to $92.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 15.67% from the company’s current price.

DAY has been the topic of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group upped their price target on shares of Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Citigroup increased their price objective on shares of Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays boosted their target price on Dayforce from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Mizuho increased their price target on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.08.

Dayforce Price Performance

Shares of NYSE:DAY traded up $0.58 during trading on Wednesday, hitting $79.54. 466,630 shares of the company’s stock were exchanged, compared to its average volume of 1,604,770. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 241.04, a PEG ratio of 3.74 and a beta of 1.27. Dayforce has a 52-week low of $47.08 and a 52-week high of $81.32. The business’s 50-day simple moving average is $63.67 and its 200 day simple moving average is $57.69.

Insider Buying and Selling

In other news, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 101,437 shares of the company’s stock, valued at approximately $6,428,062.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Dayforce news, COO Stephen H. Holdridge sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $69.25, for a total value of $138,500.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $63,370.00. Following the completion of the transaction, the chief operating officer now owns 101,437 shares in the company, valued at approximately $6,428,062.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,643 shares of company stock valued at $384,617 over the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Dayforce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Perspectives Inc purchased a new position in Dayforce during the 2nd quarter valued at about $28,000. Quent Capital LLC acquired a new stake in shares of Dayforce during the third quarter worth $28,000. Sentry Investment Management LLC purchased a new position in shares of Dayforce during the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC acquired a new position in shares of Dayforce during the 3rd quarter worth $40,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in shares of Dayforce during the 2nd quarter worth $62,000.

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.