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 the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $76.26, for a total transaction of $76,260.00. Following the sale, the chief operating officer now owns 121,022 shares in the company, valued at $9,229,137.72. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Dayforce Price Performance

DAY stock opened at $75.91 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $81.32. The firm’s fifty day moving average is $66.15 and its 200 day moving average is $58.40. The firm has a market cap of $11.97 billion, a P/E ratio of 230.04, a P/E/G ratio of 3.50 and a beta of 1.27.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DAY shares. Needham & Company LLC upped their price target on shares of Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. KeyCorp increased their target price on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Jefferies Financial Group increased their target price on shares of Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Barclays increased their target price on shares of Dayforce from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Scotiabank assumed coverage on shares of Dayforce in a research note on Monday. They issued a “sector perform” rating and a $75.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $78.77.

Hedge Funds Weigh In On Dayforce

Several institutional investors and hedge funds have recently made changes to their positions in the business. Candriam S.C.A. purchased a new stake in Dayforce during the 2nd quarter valued at $6,027,000. New Mexico Educational Retirement Board purchased a new stake in Dayforce during the 2nd quarter valued at $392,000. Acadian Asset Management LLC purchased a new stake in Dayforce during the 2nd quarter valued at $287,000. Prudential PLC purchased a new stake in Dayforce during the 2nd quarter valued at $490,000. Finally, Texas Permanent School Fund Corp purchased a new stake in Dayforce during the 2nd quarter valued at $1,281,000.

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.