David D. Ossip Sells 858,697 Shares of Dayforce Inc (NYSE:DAY) Stock

Dayforce Inc (NYSE:DAY) CEO David D. Ossip sold 858,697 shares of Dayforce stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total value of $68,309,346.35. Following the completion of the sale, the chief executive officer now owns 794,527 shares in the company, valued at approximately $63,204,622.85. This represents a 51.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Dayforce Price Performance

Shares of Dayforce stock traded up $0.19 on Wednesday, hitting $79.87. The company’s stock had a trading volume of 1,509,923 shares, compared to its average volume of 1,620,255. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $82.69. The firm has a fifty day moving average price of $68.17 and a 200-day moving average price of $59.10. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 241.52, a price-to-earnings-growth ratio of 3.84 and a beta of 1.27.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DAY shares. BMO Capital Markets lifted their price target on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Mizuho lifted their price target on Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Piper Sandler reiterated an “overweight” rating and set a $94.00 price objective (up previously from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Scotiabank started coverage on Dayforce in a research note on Monday, November 18th. They set a “sector perform” rating and a $75.00 price objective for the company. Finally, TD Cowen lifted their price objective on Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, October 7th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.77.

Institutional Investors Weigh In On Dayforce

Several large investors have recently bought and sold shares of the company. Select Equity Group L.P. acquired a new stake in shares of Dayforce in the second quarter valued at $721,310,000. EdgePoint Investment Group Inc. lifted its position in Dayforce by 1.1% in the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock valued at $650,726,000 after purchasing an additional 112,086 shares during the period. Janus Henderson Group PLC lifted its position in shares of Dayforce by 1.9% during the 3rd quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock valued at $347,236,000 after acquiring an additional 103,794 shares during the period. Dragoneer Investment Group LLC purchased a new position in shares of Dayforce during the 2nd quarter worth approximately $193,274,000. Finally, Geode Capital Management LLC increased its stake in shares of Dayforce by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock worth $230,875,000 after purchasing an additional 30,302 shares in the last quarter.

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.