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 stock in a transaction on 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 transaction, the chief operating officer now directly owns 121,022 shares in the company, valued at $9,229,137.72. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dayforce Stock Up 3.3 %

Shares of NYSE DAY opened at $78.43 on Friday. The firm’s fifty day moving average is $66.90 and its 200 day moving average is $58.66. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $81.32. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 237.67, a PEG ratio of 3.51 and a beta of 1.27. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

A number of research analysts recently commented on DAY shares. BMO Capital Markets increased their target price on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Scotiabank began coverage on Dayforce in a research report on Monday. They set a “sector perform” rating and a $75.00 price objective on the stock. TD Cowen raised their price objective on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, October 7th. Mizuho upped their target price on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Citigroup lifted their price target on shares of Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.77.

Institutional Trading of Dayforce

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