Dayforce (NYSE:DAY) Given New $80.00 Price Target at Barclays

Dayforce (NYSE:DAY) had its price target lowered by Barclays from $84.00 to $80.00 in a research note issued to investors on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

DAY has been the subject of several other reports. Mizuho increased their target price on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Citigroup upped 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. BMO Capital Markets lifted their price target on shares of Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Piper Sandler reaffirmed an “overweight” rating and set a $94.00 target price (up previously from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Finally, Needham & Company LLC increased their price target on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.93.

Dayforce Stock Performance

Dayforce stock opened at $70.30 on Friday. The firm has a fifty day simple moving average of $76.40 and a two-hundred day simple moving average of $63.88. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce has a twelve month low of $47.08 and a twelve month high of $82.69. The company has a market capitalization of $11.09 billion, a PE ratio of 213.04, a P/E/G ratio of 3.68 and a beta of 1.26.

Insider Activity at Dayforce

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the sale, the insider now owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. This trade represents a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the completion of the transaction, the chief operating officer now owns 101,437 shares of the company’s stock, valued at $6,428,062.69. This represents a 0.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 865,340 shares of company stock valued at $68,770,223. 4.90% of the stock is owned by insiders.

Institutional Trading of Dayforce

A number of large investors have recently made changes to their positions in DAY. Quent Capital LLC purchased a new stake in Dayforce during the 3rd quarter valued at $28,000. Financial Perspectives Inc purchased a new stake in Dayforce during the second quarter valued at $28,000. Farther Finance Advisors LLC bought a new position in Dayforce in the third quarter valued at about $40,000. Sentry Investment Management LLC purchased a new position in Dayforce in the second quarter worth about $33,000. Finally, Quarry LP purchased a new stake in shares of Dayforce during the 3rd quarter valued at 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.