Dayforce Inc (NYSE:DAY) EVP William Everett Mcdonald Sells 2,000 Shares

Dayforce Inc (NYSE:DAY) EVP William Everett Mcdonald sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $56.16, for a total transaction of $112,320.00. Following the transaction, the executive vice president now owns 105,691 shares of the company’s stock, valued at approximately $5,935,606.56. This trade represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Dayforce Stock Down 1.5 %

Shares of DAY traded down $0.84 during midday trading on Thursday, reaching $54.16. 1,549,927 shares of the stock were exchanged, compared to its average volume of 1,746,302. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 492.38, a P/E/G ratio of 2.49 and a beta of 1.20. The firm has a 50 day simple moving average of $58.75 and a 200-day simple moving average of $67.33. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47.

Dayforce (NYSE:DAY) last posted its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. Research analysts forecast that Dayforce Inc will post 1.48 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on DAY shares. Stifel Nicolaus dropped their price target on Dayforce from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Scotiabank cut their price objective on Dayforce from $72.00 to $55.00 and set a “sector perform” rating on the stock in a report on Monday, March 17th. Barclays dropped their target price on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group decreased their price objective on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Finally, Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Dayforce has an average rating of “Moderate Buy” and a consensus price target of $76.79.

Hedge Funds Weigh In On Dayforce

Hedge funds have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Dayforce by 382.5% during the 4th quarter. FMR LLC now owns 3,215,123 shares of the company’s stock worth $233,547,000 after acquiring an additional 2,548,779 shares in the last quarter. Capital International Investors grew its holdings in Dayforce by 3.9% during the fourth quarter. Capital International Investors now owns 17,659,706 shares of the company’s stock valued at $1,282,800,000 after purchasing an additional 667,065 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Dayforce by 18,250.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 660,613 shares of the company’s stock worth $47,890,000 after buying an additional 657,013 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Dayforce by 189.0% during the 4th quarter. California Public Employees Retirement System now owns 567,561 shares of the company’s stock worth $41,228,000 after buying an additional 371,153 shares during the period. Finally, Northern Trust Corp grew its stake in Dayforce by 21.5% in the 4th quarter. Northern Trust Corp now owns 1,544,475 shares of the company’s stock valued at $112,191,000 after buying an additional 273,031 shares during 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.