Insider Selling: Dayforce Inc (NYSE:DAY) COO Sells $71,330.00 in Stock

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the transaction, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dayforce Stock Performance

Shares of DAY stock opened at $69.55 on Monday. The firm’s 50 day moving average is $75.52 and its 200 day moving average is $64.78. The stock has a market capitalization of $10.97 billion, a P/E ratio of 210.77, a PEG ratio of 2.61 and a beta of 1.26. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

DAY has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of Dayforce from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Jefferies Financial Group boosted their price objective on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. TD Cowen raised their target price on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, October 7th. BMO Capital Markets boosted their price target on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Needham & Company LLC raised their price objective on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Dayforce currently has an average rating of “Moderate Buy” and an average target price of $80.07.

Institutional Investors Weigh In On Dayforce

Several institutional investors have recently made changes to their positions in DAY. Select Equity Group L.P. bought a new stake in shares of Dayforce during the 2nd quarter valued at $721,310,000. EdgePoint Investment Group Inc. bought a new stake in shares of Dayforce during the second quarter valued at about $521,396,000. Dragoneer Investment Group LLC purchased a new stake in shares of Dayforce in the second quarter worth about $193,274,000. Dimensional Fund Advisors LP bought a new position in shares of Dayforce in the second quarter valued at approximately $51,027,000. Finally, Squarepoint Ops LLC purchased a new position in Dayforce during the second quarter valued at approximately $19,579,000.

About Dayforce

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.