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 Dayforce stock in a transaction on Friday, November 15th. The shares were sold at an average price of $76.26, for a total transaction of $76,260.00. Following the completion of the sale, the chief operating officer now directly owns 121,022 shares of the company’s stock, valued at approximately $9,229,137.72. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Dayforce Trading Up 1.5 %

Shares of DAY stock opened at $75.91 on Thursday. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $81.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50-day simple moving average of $66.15 and a two-hundred day simple moving average of $58.40. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 230.04, a PEG ratio of 3.50 and a beta of 1.27.

Analysts Set New Price Targets

DAY has been the subject of several research analyst reports. Scotiabank initiated coverage on shares of Dayforce in a research note on Monday. They issued a “sector perform” rating and a $75.00 price target for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $94.00 price target (up from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lifted 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. Barclays lifted their price target on shares of Dayforce from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, TD Cowen boosted their target price 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Dayforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAY. Candriam S.C.A. purchased a new position in Dayforce in the second quarter valued at about $6,027,000. New Mexico Educational Retirement Board purchased a new position in Dayforce in the second quarter valued at about $392,000. Acadian Asset Management LLC purchased a new position in Dayforce in the second quarter valued at about $287,000. Prudential PLC purchased a new position in Dayforce in the second quarter valued at about $490,000. Finally, Texas Permanent School Fund Corp purchased a new position in Dayforce in the second quarter valued at about $1,281,000.

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.