Dayforce (NYSE:DAY) COO Sells $137,740.00 in Stock

Dayforce, Inc. (NYSE:DAY) COO Stephen Holdridge sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $68.87, for a total transaction of $137,740.00. Following the sale, the chief operating officer directly owned 178,814 shares of the company’s stock, valued at approximately $12,314,920.18. This trade represents a 1.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dayforce Stock Down 0.1%

Dayforce stock opened at $68.88 on Friday. The company has a market capitalization of $11.02 billion, a PE ratio of -73.27, a PEG ratio of 2.67 and a beta of 1.20. Dayforce, Inc. has a 12-month low of $48.01 and a 12-month high of $82.69. The firm’s fifty day moving average is $68.69 and its 200 day moving average is $62.69. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.23.

Dayforce (NYSE:DAY) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.19). The company had revenue of $481.60 million during the quarter, compared to the consensus estimate of $481.22 million. Dayforce had a negative net margin of 7.91% and a positive return on equity of 6.54%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. As a group, sell-side analysts predict that Dayforce, Inc. will post 1.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Dayforce

Institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. lifted its stake in Dayforce by 82.6% during the 3rd quarter. UMB Bank n.a. now owns 431 shares of the company’s stock valued at $30,000 after acquiring an additional 195 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Dayforce in the second quarter valued at about $26,000. Quent Capital LLC purchased a new stake in shares of Dayforce in the third quarter valued at about $34,000. SVB Wealth LLC purchased a new position in Dayforce during the first quarter worth about $30,000. Finally, National Pension Service boosted its holdings in Dayforce by 74.5% during the first quarter. National Pension Service now owns 541 shares of the company’s stock worth $32,000 after purchasing an additional 231 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on DAY shares. Deutsche Bank Aktiengesellschaft increased their price target on Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a report on Friday, August 22nd. Wells Fargo & Company upgraded Dayforce from a “strong sell” rating to an “equal weight” rating and increased their target price for the stock from $50.00 to $70.00 in a report on Friday, August 22nd. Jefferies Financial Group lifted their price target on shares of Dayforce from $60.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, August 21st. Citigroup lowered shares of Dayforce from a “buy” rating to a “neutral” rating and set a $70.00 price target for the company. in a research note on Wednesday, September 17th. Finally, KeyCorp lowered shares of Dayforce from an “overweight” rating to a “sector weight” rating in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $70.36.

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.