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

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

Dayforce Price Performance

Dayforce stock traded down $0.63 during mid-day trading on Friday, reaching $69.55. 1,450,413 shares of the company's stock traded hands, compared to its average volume of 1,304,483. The stock has a 50 day moving average of $75.75 and a two-hundred day moving average of $64.46. 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 company has a market cap of $10.97 billion, a price-to-earnings ratio of 210.77, a PEG ratio of 2.61 and a beta of 1.26. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69.

Institutional Investors Weigh In On Dayforce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Select Equity Group L.P. bought a new stake in Dayforce in the second quarter worth $721,310,000. EdgePoint Investment Group Inc. purchased a new position in shares of Dayforce during the second quarter worth approximately $521,396,000. Dragoneer Investment Group LLC bought a new stake in Dayforce during the 2nd quarter valued at $193,274,000. Dimensional Fund Advisors LP purchased a new stake in Dayforce in the second quarter worth about $51,027,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Dayforce in the 2nd quarter worth approximately $19,579,000.

Analyst Upgrades and Downgrades

DAY has been the topic of several research reports. KeyCorp raised their target price on Dayforce from $80.00 to $92.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 13th. Citigroup lowered their target price on Dayforce from $90.00 to $83.00 and set a "buy" rating on the stock in a research report on Thursday. Piper Sandler restated an "overweight" rating and issued a $94.00 price target (up previously from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Scotiabank started coverage on Dayforce in a research report on Monday, November 18th. They set a "sector perform" rating and a $75.00 price objective on the stock. Finally, Needham & Company LLC increased their target price on shares of Dayforce from $82.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.

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