Dayforce Inc (NYSE:DAY) COO Sells $138,500.00 in Stock

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 2,000 shares of the company’s 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 sale, the chief operating officer now owns 98,437 shares of the company’s stock, valued at $6,816,762.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dayforce Price Performance

DAY traded up $0.87 during trading on Thursday, reaching $70.95. 2,866,991 shares of the company traded hands, compared to its average volume of 1,586,348. 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 Inc has a 12-month low of $47.08 and a 12-month high of $74.66. The firm has a fifty day simple moving average of $60.43 and a 200 day simple moving average of $56.70. The company has a market cap of $11.22 billion, a P/E ratio of 236.50, a PEG ratio of 2.23 and a beta of 1.29.

Dayforce (NYSE:DAY) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. The business had revenue of $423.30 million during the quarter, compared to analyst estimates of $417.41 million. On average, equities analysts forecast that Dayforce Inc will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

DAY has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, October 7th. Piper Sandler boosted their price objective on shares of Dayforce from $71.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $82.00 price objective on shares of Dayforce in a research report on Thursday. Finally, Mizuho boosted their price objective on shares of Dayforce from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Perspectives Inc purchased a new position in shares of Dayforce in the second quarter valued at $28,000. Quent Capital LLC purchased a new position in shares of Dayforce in the third quarter valued at $28,000. Sentry Investment Management LLC purchased a new position in shares of Dayforce in the second quarter valued at $33,000. Farther Finance Advisors LLC purchased a new position in shares of Dayforce in the third quarter valued at $40,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of Dayforce in the second quarter valued at $62,000.

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.