Dayforce Inc (NYSE:DAY) COO Sells $77,000.00 in Stock

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 1,000 shares of the business’s 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 completion of the sale, the chief operating officer now owns 122,022 shares of the company’s stock, valued at approximately $9,395,694. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Dayforce Trading Up 0.6 %

Dayforce stock opened at $81.14 on Friday. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $81.20. The stock has a market cap of $12.80 billion, a price-to-earnings ratio of 245.89, a price-to-earnings-growth ratio of 3.80 and a beta of 1.27. The business has a 50 day moving average price of $63.22 and a two-hundred day moving average price of $57.57. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

A number of research firms have recently commented on DAY. Barclays lifted their price target on shares of Dayforce from $63.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Mizuho boosted their target price on shares of Dayforce from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their price target on Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, TD Cowen increased their target price on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, October 7th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.67.

Institutional Inflows and Outflows

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

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.