Dayforce Inc (NYSE:DAY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Dayforce Inc (NYSE:DAY) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $78.77.

DAY has been the topic of a number of analyst reports. Mizuho lifted their price objective on Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Citigroup lifted their price objective on Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. KeyCorp lifted their price objective on Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, BMO Capital Markets lifted their price objective on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th.

Insider Activity

In other news, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the sale, the insider now directly owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Stephen H. Holdridge sold 2,000 shares of Dayforce stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $69.25, for a total value of $138,500.00. Following the completion of the sale, the chief operating officer now directly owns 98,437 shares of the company’s stock, valued at $6,816,762.25. The trade was a 1.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,643 shares of company stock valued at $460,877. 4.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dayforce

A number of institutional investors have recently modified their holdings of DAY. Select Equity Group L.P. acquired a new position in Dayforce during the 2nd quarter worth $721,310,000. EdgePoint Investment Group Inc. grew its stake in Dayforce by 1.1% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock worth $650,726,000 after purchasing an additional 112,086 shares in the last quarter. Janus Henderson Group PLC grew its stake in Dayforce by 1.9% during the 3rd quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock worth $347,236,000 after purchasing an additional 103,794 shares in the last quarter. Dragoneer Investment Group LLC acquired a new position in Dayforce during the 2nd quarter worth $193,274,000. Finally, Geode Capital Management LLC grew its stake in 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.

Dayforce Stock Performance

NYSE DAY opened at $79.70 on Friday. Dayforce has a 1-year low of $47.08 and a 1-year high of $82.69. The company has a market cap of $12.57 billion, a PE ratio of 241.52, a price-to-earnings-growth ratio of 3.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $68.17 and its 200-day simple moving average is $59.10.

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.