Dayforce Inc (NYSE:DAY) CEO David D. Ossip Sells 858,697 Shares of Stock

Dayforce Inc (NYSE:DAY) CEO David D. Ossip sold 858,697 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the transaction, the chief executive officer now owns 794,527 shares in the company, valued at $63,204,622.85. The trade was a 51.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dayforce Price Performance

Shares of DAY stock opened at $79.87 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 fifty-two week low of $47.08 and a fifty-two week high of $82.69. The firm has a market cap of $12.60 billion, a P/E ratio of 242.03, a P/E/G ratio of 3.84 and a beta of 1.27. The business’s 50 day moving average price is $68.58 and its 200-day moving average price is $59.24.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DAY shares. Scotiabank started coverage on shares of Dayforce in a research note on Monday, November 18th. They issued a “sector perform” rating and a $75.00 price objective for the company. Barclays upped their price target on shares of Dayforce from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Jefferies Financial Group raised their price objective on Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Needham & Company LLC boosted their target price on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, Citigroup increased their target price on Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.77.

Institutional Trading of Dayforce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC bought a new position in Dayforce in the 3rd quarter worth $28,000. Financial Perspectives Inc purchased a new position in shares of Dayforce during the second quarter valued at about $28,000. Farther Finance Advisors LLC purchased a new position in shares of Dayforce during the third quarter valued at about $40,000. Sentry Investment Management LLC bought a new position in Dayforce in the second quarter worth about $33,000. Finally, Quarry LP purchased a new stake in Dayforce in the third quarter worth about $51,000.

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.