Insider Selling: Dayforce Inc (NYSE:DAY) COO Sells 1,000 Shares of Stock

Dayforce Inc (NYSE:DAY - Get Free Report) COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Friday, October 18th. The shares were sold at an average price of $65.00, for a total value of $65,000.00. Following the sale, the chief operating officer now directly owns 100,437 shares in the company, valued at $6,528,405. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dayforce Trading Down 0.1 %

Shares of NYSE:DAY traded down $0.05 during midday trading on Tuesday, reaching $64.74. The company had a trading volume of 1,064,961 shares, compared to its average volume of 1,569,787. The company has a fifty day simple moving average of $59.12 and a two-hundred day simple moving average of $56.52. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 196.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $74.66. 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 - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. The company had revenue of $423.30 million during the quarter, compared to analysts' expectations of $417.41 million. Research analysts predict that Dayforce Inc will post 1.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DAY. Financial Perspectives Inc acquired a new position in shares of Dayforce in the 2nd quarter valued at about $28,000. Quent Capital LLC acquired a new position in Dayforce in the 3rd quarter valued at approximately $28,000. Sentry Investment Management LLC purchased a new stake in Dayforce in the 2nd quarter worth approximately $33,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Dayforce during the 2nd quarter valued at $62,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Dayforce in the second quarter worth $66,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DAY. Jefferies Financial Group lifted their price objective on shares of Dayforce from $55.00 to $65.00 and gave the company a "hold" rating in a research note on Tuesday. Needham & Company LLC restated a "buy" rating and set a $82.00 price target on shares of Dayforce in a research report on Wednesday, July 31st. Piper Sandler upgraded shares of Dayforce from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $68.00 to $71.00 in a report on Wednesday, July 31st. Citigroup raised their price objective on shares of Dayforce from $74.00 to $75.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Dayforce from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.