Dayforce’s (DAY) “Hold” Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Dayforce (NYSE:DAY) in a report published on Wednesday morning, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a $80.00 price objective on the stock, down from their previous price objective of $85.00.

Other equities research analysts have also issued reports about the company. Citigroup upped their price target on Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Scotiabank started coverage on shares of Dayforce in a report on Monday, November 18th. They set a “sector perform” rating and a $75.00 target price on the stock. BMO Capital Markets lifted their price target on shares of Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. KeyCorp increased their price objective on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Mizuho raised their target price on shares of Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.21.

Dayforce Stock Down 1.8 %

Shares of Dayforce stock opened at $69.93 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $76.52 and a 200 day moving average price of $63.70. Dayforce has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The firm has a market cap of $11.03 billion, a P/E ratio of 211.92, a P/E/G ratio of 3.68 and a beta of 1.26.

Insider Activity

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $63,370.00. Following the transaction, the chief operating officer now owns 101,437 shares in the company, valued at $6,428,062.69. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David D. Ossip sold 858,697 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total value of $68,309,346.35. Following the sale, the chief executive officer now directly owns 794,527 shares in the company, valued at approximately $63,204,622.85. The trade was a 51.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 865,340 shares of company stock valued at $68,770,223. Company insiders own 4.90% of the company’s stock.

Institutional Trading of Dayforce

Several institutional investors have recently modified their holdings of the company. Select Equity Group L.P. bought a new stake in Dayforce in the second quarter worth about $721,310,000. Principal Financial Group Inc. acquired a new position in shares of Dayforce in the 3rd quarter worth approximately $11,135,000. KBC Group NV bought a new stake in shares of Dayforce in the 3rd quarter worth approximately $946,000. Adero Partners LLC acquired a new stake in Dayforce during the third quarter valued at approximately $4,987,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in Dayforce during the third quarter worth approximately $19,273,000.

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.