Dayforce (NYSE:DAY) Given New $92.00 Price Target at KeyCorp

Dayforce (NYSE:DAY) had its target price lifted by KeyCorp from $80.00 to $92.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

DAY has been the topic of a number of other reports. Citigroup raised their price target on shares of Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Piper Sandler reaffirmed an “overweight” rating and set a $94.00 price target (up from $82.00) on shares of Dayforce in a research report on Wednesday. Mizuho raised their price objective on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday. Needham & Company LLC increased their price target on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Dayforce presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.08.

Dayforce Stock Performance

Shares of NYSE:DAY opened at $77.17 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 233.86, a price-to-earnings-growth ratio of 3.71 and a beta of 1.27. The firm has a 50 day moving average of $64.14 and a 200 day moving average of $57.82. Dayforce has a 52 week low of $47.08 and a 52 week high of $81.32.

Insider Activity at Dayforce

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 34,074 shares in the company, valued at approximately $2,159,269.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $65.00, for a total value of $65,000.00. Following the completion of the transaction, the chief operating officer now owns 100,437 shares in the company, valued at $6,528,405. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Scott Jacobs sold 643 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 34,074 shares of the company’s stock, valued at $2,159,269.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,643 shares of company stock worth $384,617. 4.90% of the stock is owned by corporate insiders.

Institutional Trading of Dayforce

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Quent Capital LLC acquired a new stake in Dayforce in the 3rd quarter valued at $28,000. Financial Perspectives Inc acquired a new stake in shares of Dayforce in the second quarter valued at about $28,000. Farther Finance Advisors LLC purchased a new stake in shares of Dayforce during the third quarter worth about $40,000. Sentry Investment Management LLC acquired a new position in shares of Dayforce during the 2nd quarter worth about $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Dayforce in the 3rd quarter valued at about $74,000.

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.