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

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $77.00, for a total transaction of $77,000.00. Following the transaction, the chief operating officer now directly owns 122,022 shares of the company’s stock, valued at $9,395,694. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Dayforce Stock Performance

Dayforce stock opened at $81.14 on Friday. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $81.20. The company’s 50-day moving average is $63.22 and its two-hundred day moving average is $57.57. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The company has a market cap of $12.80 billion, a PE ratio of 245.89, a PEG ratio of 3.80 and a beta of 1.27.

Hedge Funds Weigh In On Dayforce

Several large investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Dayforce during the 3rd quarter worth $4,694,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Dayforce during the third quarter worth $220,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Dayforce during the third quarter worth $217,000. Swiss National Bank increased its holdings in Dayforce by 7.1% in the third quarter. Swiss National Bank now owns 468,600 shares of the company’s stock valued at $28,702,000 after purchasing an additional 31,000 shares during the last quarter. Finally, Adero Partners LLC acquired a new position in Dayforce in the third quarter valued at about $4,987,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DAY. Citigroup raised their price objective on shares of Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group lifted their price objective on Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Needham & Company LLC reissued a “buy” rating and issued a $82.00 price objective on shares of Dayforce in a research note on Thursday, October 31st. KeyCorp initiated coverage on Dayforce in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $70.00 target price for the company. Finally, Mizuho upped their price target on shares of Dayforce from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $72.67.

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.