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 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 sale, the chief operating officer now directly owns 119,022 shares of the company’s stock, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Dayforce Trading Down 0.9 %

NYSE:DAY opened at $69.55 on Friday. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $82.69. 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 stock has a fifty day simple moving average of $75.52 and a 200-day simple moving average of $64.59. The company 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.

Hedge Funds Weigh In On Dayforce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC purchased a new position in Dayforce during the third quarter worth $28,000. Farther Finance Advisors LLC purchased a new stake in Dayforce during the 3rd quarter worth about $40,000. Quarry LP purchased a new stake in Dayforce during the 3rd quarter worth about $51,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Dayforce in the 3rd quarter valued at about $74,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in Dayforce in the 2nd quarter valued at about $62,000.

Wall Street Analyst Weigh In

DAY has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Mizuho increased their price target on shares of Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Barclays lowered their price objective on Dayforce from $84.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. Citigroup cut their target price on Dayforce from $90.00 to $83.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Scotiabank started coverage on Dayforce in a research note on Monday, November 18th. They issued a “sector perform” rating and a $75.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.