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 Dayforce 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Dayforce Trading Down 0.4 %

Shares of NYSE DAY traded down $0.32 during mid-day trading on Thursday, reaching $80.63. 1,669,197 shares of the company’s stock were exchanged, compared to its average volume of 1,603,335. The company’s 50-day moving average is $62.29 and its 200-day moving average is $57.26. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 244.92, a PEG ratio of 3.52 and a beta of 1.27. Dayforce Inc has a 52-week low of $47.08 and a 52-week high of $81.12.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quent Capital LLC acquired a new position in shares of Dayforce in the third quarter valued at approximately $28,000. Financial Perspectives Inc acquired a new position in Dayforce during the 2nd quarter worth $28,000. Farther Finance Advisors LLC purchased a new stake in shares of Dayforce during the third quarter worth approximately $40,000. Sentry Investment Management LLC acquired a new stake in Dayforce in the second quarter valued at approximately $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Dayforce in the third quarter worth approximately $74,000.

Analyst Ratings Changes

Several analysts recently weighed in on DAY shares. Barclays lifted their price objective on Dayforce from $63.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Citigroup lifted their price objective on shares of Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. TD Cowen raised their price target on shares of Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, October 7th. KeyCorp assumed coverage on shares of Dayforce in a research note on Tuesday, September 24th. They set an “overweight” rating and a $70.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.67.

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.