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 company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $76.26, for a total transaction of $76,260.00. Following the completion of the sale, the chief operating officer now owns 121,022 shares of the company’s stock, valued at approximately $9,229,137.72. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dayforce Price Performance

Shares of NYSE DAY traded up $0.11 during trading hours on Tuesday, reaching $74.76. 1,041,634 shares of the stock traded hands, compared to its average volume of 1,603,925. The company has a market capitalization of $11.79 billion, a P/E ratio of 224.58, a price-to-earnings-growth ratio of 3.50 and a beta of 1.27. The company’s 50-day simple moving average is $65.80 and its two-hundred day simple moving average is $58.27. 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 Inc has a 52-week low of $47.08 and a 52-week high of $81.32.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC lifted their price objective on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Scotiabank began coverage on shares of Dayforce in a research report on Monday. They set a “sector perform” rating and a $75.00 target price for the company. TD Cowen raised their price objective on shares of Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, October 7th. Finally, Jefferies Financial Group boosted their target price on shares of Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Dayforce has an average rating of “Moderate Buy” and a consensus target price of $78.77.

Hedge Funds Weigh In On Dayforce

A number of hedge funds have recently modified their holdings of the company. Select Equity Group L.P. bought a new stake in shares of Dayforce in the second quarter worth about $721,310,000. Adero Partners LLC purchased a new stake in Dayforce in the 3rd quarter worth approximately $4,987,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Dayforce in the 3rd quarter worth approximately $19,273,000. Elo Mutual Pension Insurance Co bought a new stake in shares of Dayforce in the 2nd quarter worth approximately $673,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Dayforce during the second quarter valued at approximately $2,760,000.

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.