Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge Sells 2,000 Shares of Stock

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Dayforce Stock Performance

NYSE DAY opened at $70.95 on Friday. The company has a market capitalization of $11.22 billion, a price-to-earnings ratio of 236.50, a PEG ratio of 2.23 and a beta of 1.29. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $74.66. The stock has a fifty day simple moving average of $60.74 and a 200 day simple moving average of $56.80. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.49.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Select Equity Group L.P. acquired a new stake in shares of Dayforce during the second quarter worth $721,310,000. EdgePoint Investment Group Inc. acquired a new stake in Dayforce during the 2nd quarter worth about $521,396,000. Dragoneer Investment Group LLC bought a new position in shares of Dayforce in the 2nd quarter worth about $193,274,000. Dimensional Fund Advisors LP acquired a new position in shares of Dayforce in the 2nd quarter valued at about $51,027,000. Finally, Cannae Holdings Inc. bought a new stake in shares of Dayforce during the 2nd quarter valued at about $49,600,000.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DAY shares. Mizuho upped their target price on Dayforce from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays raised their price objective on Dayforce from $63.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday. Piper Sandler boosted their target price on Dayforce from $71.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, TD Cowen upped their price objective on shares of Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, October 7th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to 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.