Stephen H. Holdridge Sells 1,000 Shares of Dayforce Inc (NYSE:DAY) Stock

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 1,000 shares of the firm’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 sale, the chief operating officer now directly owns 101,437 shares of the company’s stock, valued at approximately $6,428,062.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dayforce Stock Down 0.1 %

DAY traded down $0.07 during trading on Thursday, reaching $63.89. 750,281 shares of the stock traded hands, compared to its average volume of 1,576,811. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $74.70. The stock’s 50-day simple moving average is $58.17 and its two-hundred day simple moving average is $56.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 193.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29.

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

Analysts Set New Price Targets

DAY has been the subject of several research reports. Mizuho raised their price objective on Dayforce from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday. Wells Fargo & Company decreased their target price on Dayforce from $64.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. Citigroup raised their target price on Dayforce from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Piper Sandler raised Dayforce from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $71.00 in a research report on Wednesday, July 31st. Finally, KeyCorp assumed coverage on Dayforce in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $70.00 target price for the company. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $70.18.

Hedge Funds Weigh In On Dayforce

Several institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in Dayforce during the third quarter valued at about $387,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in Dayforce during the third quarter valued at about $832,000. Bleakley Financial Group LLC increased its stake in shares of Dayforce by 9.9% in the third quarter. Bleakley Financial Group LLC now owns 4,867 shares of the company’s stock worth $298,000 after purchasing an additional 439 shares during the period. Swedbank AB bought a new position in shares of Dayforce in the third quarter worth about $5,292,000. Finally, Creative Planning increased its stake in shares of Dayforce by 87.7% in the third quarter. Creative Planning now owns 10,442 shares of the company’s stock worth $640,000 after purchasing an additional 4,879 shares during the period.

Dayforce Company Profile

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.