Insider Selling: Dayforce Inc (NYSE:DAY) COO Sells 1,000 Shares of Stock

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now directly owns 119,022 shares in the company, valued at $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dayforce Trading Down 0.9 %

DAY traded down $0.63 during trading hours on Friday, reaching $69.55. The company’s stock had a trading volume of 1,450,413 shares, compared to its average volume of 1,304,483. The stock has a market cap of $10.97 billion, a PE ratio of 210.77, a P/E/G ratio of 2.61 and a beta of 1.26. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The business’s 50-day moving average is $75.75 and its 200-day moving average is $64.46.

Analyst Ratings Changes

DAY has been the topic of several recent analyst reports. Mizuho upped their price objective on shares of Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Stifel Nicolaus lifted their price target on Dayforce from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Scotiabank started coverage on Dayforce in a research report on Monday, November 18th. They issued a “sector perform” rating and a $75.00 target price on the stock. Jefferies Financial Group increased their price target on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC boosted their price target on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $80.07.

Hedge Funds Weigh In On Dayforce

Several large investors have recently modified their holdings of the business. Quent Capital LLC acquired a new stake in shares of Dayforce during the 3rd quarter worth about $28,000. Farther Finance Advisors LLC purchased a new position in Dayforce during the third quarter worth about $40,000. Quarry LP acquired a new stake in shares of Dayforce during the third quarter valued at about $51,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Dayforce in the 2nd quarter valued at approximately $62,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Dayforce in the 2nd quarter worth approximately $66,000.

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.