Stephen H. Holdridge Sells 1,000 Shares of Dayforce Inc (NYSE:DAY) Stock

Dayforce Inc (NYSE:DAY) 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 transaction of $63,370.00. Following the transaction, the chief operating officer now owns 101,437 shares in the company, valued at $6,428,062.69. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Dayforce Trading Up 1.7 %

NYSE DAY opened at $65.00 on Friday. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $74.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 196.97, a PEG ratio of 2.23 and a beta of 1.29. The firm’s 50 day moving average price is $58.61 and its two-hundred day moving average price is $56.60.

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

Institutional Investors Weigh In On Dayforce

A number of institutional investors have recently modified their holdings of DAY. Candriam S.C.A. acquired a new stake in shares of Dayforce during the 2nd quarter valued at $6,027,000. New Mexico Educational Retirement Board acquired a new stake in shares of Dayforce during the 2nd quarter valued at $392,000. Acadian Asset Management LLC acquired a new stake in shares of Dayforce during the 2nd quarter valued at $287,000. Prudential PLC acquired a new stake in shares of Dayforce during the 2nd quarter valued at $490,000. Finally, Texas Permanent School Fund Corp acquired a new stake in shares of Dayforce during the 2nd quarter valued at $1,281,000.

Analyst Ratings Changes

A number of research firms recently commented on DAY. KeyCorp began coverage on shares of Dayforce in a research note on Tuesday, September 24th. They set an “overweight” rating and a $70.00 price objective on the stock. Piper Sandler upgraded shares of Dayforce from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $71.00 in a research report on Wednesday, July 31st. Citigroup lifted their price target on shares of Dayforce from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Mizuho lifted their price target on shares of Dayforce from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $82.00 price target on shares of Dayforce in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Dayforce has a consensus rating of “Moderate Buy” and a consensus price target of $70.18.

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.