Stephen H. Holdridge Sells 2,000 Shares of Dayforce Inc (NYSE:DAY) Stock

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $69.25, for a total transaction of $138,500.00. Following the completion of the sale, the chief operating officer now directly owns 98,437 shares of the company’s stock, valued at approximately $6,816,762.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Dayforce Stock Performance

DAY stock opened at $70.95 on Friday. The business has a 50 day moving average of $60.74 and a 200-day moving average of $56.80. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.49. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $74.66. The firm has a market cap of $11.22 billion, a PE ratio of 236.50, a P/E/G ratio of 2.23 and a beta of 1.29.

Dayforce (NYSE:DAY) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The company had revenue of $423.30 million for the quarter, compared to the consensus estimate of $417.41 million. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. As a group, sell-side analysts expect that Dayforce Inc will post 1.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on DAY shares. TD Cowen boosted their target price on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, October 7th. KeyCorp began coverage on Dayforce in a report on Tuesday, September 24th. They set an “overweight” rating and a $70.00 price objective for the company. Barclays increased their target price on Dayforce from $63.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group raised 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, October 22nd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Select Equity Group L.P. purchased a new stake in shares of Dayforce in the second quarter worth $721,310,000. Elo Mutual Pension Insurance Co bought a new stake in shares of Dayforce in the 2nd quarter worth approximately $673,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Dayforce in the 2nd quarter valued at $2,760,000. Vanguard Personalized Indexing Management LLC purchased a new position in Dayforce in the 2nd quarter worth $663,000. Finally, Royal London Asset Management Ltd. purchased a new stake in Dayforce during the 2nd quarter valued at about $2,942,000.

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.