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 the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $65.00, for a total value of $65,000.00. Following the completion of the transaction, the chief operating officer now directly owns 100,437 shares of the company’s stock, valued at approximately $6,528,405. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Dayforce Stock Down 0.1 %

DAY stock traded down $0.05 during trading on Tuesday, reaching $64.74. 1,065,035 shares of the company traded hands, compared to its average volume of 1,568,335. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $74.66. The business has a 50 day simple moving average of $58.88 and a 200 day simple moving average of $56.49. The company has a market capitalization of $10.22 billion, a price-to-earnings ratio of 194.70, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.11.

Dayforce (NYSE:DAY) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. The business had revenue of $423.30 million during the quarter, compared to the consensus estimate of $417.41 million. Dayforce had a return on equity of 6.35% and a net margin of 2.89%. On average, equities research analysts anticipate that Dayforce Inc will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dayforce

Several institutional investors have recently added to or reduced their stakes in DAY. Select Equity Group L.P. acquired a new stake in Dayforce in the second quarter worth about $721,310,000. EdgePoint Investment Group Inc. acquired a new stake in Dayforce in the second quarter worth about $521,396,000. Dragoneer Investment Group LLC acquired a new stake in Dayforce in the second quarter worth about $193,274,000. Dimensional Fund Advisors LP acquired a new stake in Dayforce in the second quarter worth about $51,027,000. Finally, Cannae Holdings Inc. acquired a new stake in Dayforce in the second quarter worth about $49,600,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DAY shares. Jefferies Financial Group upped their price target on shares of Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday. TD Cowen increased their price target on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, October 7th. Citigroup increased their target price on Dayforce from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 target price on shares of Dayforce in a research note on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.75.

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.