Dayforce (NYSE:DAY – Free Report) had its price objective increased by Barclays from $70.00 to $80.00 in a research note released on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.
Other analysts have also issued research reports about the stock. 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 report on Wednesday. Mizuho lifted their price target on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday. KeyCorp began coverage on Dayforce in a research report on Tuesday, September 24th. They set an “overweight” rating and a $70.00 price objective for the company. Citigroup boosted their target price on Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group increased their target price on shares of Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $79.08.
Get Our Latest Research Report on DAY
Dayforce Stock Down 2.3 %
Insider Buying and Selling
In other news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $77.00, for a total transaction of $77,000.00. Following the completion of the sale, the chief operating officer now owns 122,022 shares of the company’s stock, valued at $9,395,694. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $77.00, for a total value of $77,000.00. Following the completion of the sale, the chief operating officer now owns 122,022 shares of the company’s stock, valued at approximately $9,395,694. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $40,746.91. Following the completion of the sale, the insider now directly owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,643 shares of company stock valued at $384,617 over the last 90 days. Company insiders own 4.90% of the company’s stock.
Institutional Investors Weigh In On Dayforce
A number of institutional investors and hedge funds have recently bought and sold shares of DAY. Select Equity Group L.P. bought a new stake in shares of Dayforce in the 2nd quarter worth $721,310,000. EdgePoint Investment Group Inc. purchased a new stake in Dayforce in the 2nd quarter valued at about $521,396,000. Dragoneer Investment Group LLC bought a new position in shares of Dayforce during the 2nd quarter worth approximately $193,274,000. Dimensional Fund Advisors LP bought a new position in shares of Dayforce in the second quarter valued at approximately $51,027,000. Finally, Cannae Holdings Inc. purchased a new stake in shares of Dayforce during the second quarter valued at approximately $49,600,000.
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.
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