Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge Sells 1,000 Shares

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total value of $71,330.00. Following the completion of the sale, the chief operating officer now directly owns 119,022 shares in the company, valued at approximately $8,489,839.26. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dayforce Stock Performance

Shares of DAY opened at $69.55 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69. The company has a 50-day simple moving average of $75.52 and a two-hundred day simple moving average of $64.69. The firm has a market capitalization of $10.97 billion, a PE ratio of 210.77, a price-to-earnings-growth ratio of 2.61 and a beta of 1.26.

Institutional Trading of Dayforce

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Select Equity Group L.P. purchased a new stake in Dayforce in the second quarter worth about $721,310,000. EdgePoint Investment Group Inc. increased its stake in shares of Dayforce by 1.1% during the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock valued at $650,726,000 after purchasing an additional 112,086 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Dayforce by 1.9% during the third quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock valued at $347,236,000 after purchasing an additional 103,794 shares in the last quarter. Dragoneer Investment Group LLC bought a new position in shares of Dayforce during the second quarter valued at approximately $193,274,000. Finally, Geode Capital Management LLC increased its stake in shares of Dayforce by 0.8% during the third quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock valued at $230,875,000 after purchasing an additional 30,302 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have weighed in on the company. TD Cowen raised 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. Mizuho upped their price target on shares of Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays cut their price target on shares of Dayforce from $84.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Piper Sandler restated an “overweight” rating and set a $94.00 price target (up from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Finally, Scotiabank initiated coverage on shares of Dayforce in a research report on Monday, November 18th. They set a “sector perform” rating and a $75.00 price target for the company. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Dayforce currently has an average rating of “Moderate Buy” and an average target price of $80.07.

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.