Dayforce Inc (NYSE:DAY) COO Sells $76,260.00 in Stock

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was 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 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 document filed with the SEC, which is accessible through this hyperlink.

Dayforce Stock Performance

Shares of NYSE:DAY traded up $0.11 during mid-day trading on Tuesday, reaching $74.76. 1,041,634 shares of the company traded hands, compared to its average volume of 1,603,925. The company’s 50 day moving average price is $65.80 and its 200-day moving average price is $58.27. The firm has a market cap of $11.79 billion, a PE ratio of 224.58, a PEG ratio of 3.50 and a beta of 1.27. 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 current ratio of 1.15 and a quick ratio of 1.15.

Hedge Funds Weigh In On Dayforce

Several large investors have recently added to or reduced their stakes in DAY. Financial Perspectives Inc bought a new stake in shares of Dayforce during the 2nd quarter valued at $28,000. Quent Capital LLC purchased a new position in shares of Dayforce in the third quarter valued at about $28,000. Sentry Investment Management LLC bought a new position in shares of Dayforce in the second quarter worth about $33,000. Farther Finance Advisors LLC purchased a new stake in shares of Dayforce during the third quarter worth about $40,000. Finally, Quarry LP bought a new stake in Dayforce during the 3rd quarter valued at approximately $51,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DAY. Deutsche Bank Aktiengesellschaft lifted their price target on Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Mizuho increased their target price on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Jefferies Financial Group boosted their price target on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Piper Sandler reiterated an “overweight” rating and issued a $94.00 price objective (up from $82.00) on shares of Dayforce in a report on Wednesday, November 13th. Finally, Needham & Company LLC lifted their price target on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Dayforce currently has a consensus rating of “Moderate Buy” and an average target price of $78.77.

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.