Dayforce Inc (NYSE:DAY) COO Sells $63,370.00 in Stock

Dayforce Inc (NYSE:DAY) COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the completion of the transaction, the chief operating officer now owns 101,437 shares in the company, valued at $6,428,062.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dayforce Price Performance

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

Dayforce (NYSE:DAY) last announced its earnings results on Wednesday, July 31st. The company reported $0.23 EPS for the quarter, topping 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 business had revenue of $423.30 million for the quarter, compared to the consensus estimate of $417.41 million. As a group, analysts anticipate that Dayforce Inc will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DAY. TD Cowen lifted their price objective on Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft lifted their target price on Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Mizuho lifted their target price on Dayforce from $70.00 to $80.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup lifted 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. Finally, Wells Fargo & Company decreased their target price on Dayforce from $64.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Dayforce presently has a consensus rating of “Moderate Buy” and an average price target of $70.18.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DAY. Select Equity Group L.P. bought a new stake in shares of Dayforce during the 2nd quarter valued at $721,310,000. Elo Mutual Pension Insurance Co bought a new stake in shares of Dayforce during the 2nd quarter valued at $673,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Dayforce during the 2nd quarter valued at $2,760,000. Royal London Asset Management Ltd. bought a new stake in shares of Dayforce during the 2nd quarter valued at $2,942,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Dayforce during the 2nd quarter valued at $663,000.

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.