Dayforce (NYSE:DAY) Given New $75.00 Price Target at Jefferies Financial Group

Dayforce (NYSE:DAY) had its price target trimmed by Jefferies Financial Group from $80.00 to $75.00 in a report published on Thursday,Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities analysts have also recently commented on DAY. BMO Capital Markets upped their price target on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. KeyCorp upped their price target on Dayforce from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Stifel Nicolaus upped their price target on Dayforce from $82.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays cut their price target on Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price target on shares of Dayforce in a report on Thursday. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.64.

Dayforce Stock Performance

DAY opened at $65.59 on Thursday. The company has a market cap of $10.34 billion, a PE ratio of 198.78, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. The stock has a 50-day moving average of $73.63 and a 200-day moving average of $66.39. Dayforce has a 52-week low of $47.08 and a 52-week high of $82.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15.

Dayforce (NYSE:DAY) last announced its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a net margin of 3.12% and a return on equity of 6.69%. As a group, equities research analysts forecast that Dayforce will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $76.26, for a total value of $76,260.00. Following the transaction, the chief operating officer now directly owns 121,022 shares in the company, valued at approximately $9,229,137.72. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David D. Ossip sold 858,697 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total value of $68,309,346.35. Following the completion of the transaction, the chief executive officer now owns 794,527 shares in the company, valued at $63,204,622.85. The trade was a 51.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 860,697 shares of company stock worth $68,456,936. Insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new position in shares of Dayforce in the 3rd quarter worth $40,000. Quarry LP bought a new position in shares of Dayforce in the 3rd quarter worth $51,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Dayforce during the 3rd quarter worth $74,000. Smartleaf Asset Management LLC raised its stake in Dayforce by 69.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock worth $89,000 after buying an additional 501 shares during the period. Finally, Blue Trust Inc. acquired a new stake in Dayforce during the 3rd quarter worth $91,000.

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.