Dayforce (NYSE:DAY) COO Stephen Holdridge Sells 2,000 Shares

Dayforce, Inc. (NYSE:DAYGet Free Report) COO Stephen Holdridge sold 2,000 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $68.25, for a total value of $136,500.00. Following the completion of the sale, the chief operating officer directly owned 184,811 shares of the company’s stock, valued at approximately $12,613,350.75. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Dayforce Trading Down 0.1%

NYSE:DAY opened at $68.28 on Friday. The stock has a market cap of $10.90 billion, a PE ratio of 227.61, a price-to-earnings-growth ratio of 2.52 and a beta of 1.17. Dayforce, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $82.69. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s 50-day moving average is $67.16 and its two-hundred day moving average is $60.42.

Dayforce (NYSE:DAYGet Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. Dayforce had a net margin of 2.65% and a return on equity of 7.37%. The business had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $457.83 million. During the same period last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts forecast that Dayforce, Inc. will post 1.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DAY has been the topic of several research analyst reports. TD Cowen downgraded shares of Dayforce from a “buy” rating to a “hold” rating in a research note on Thursday, August 21st. Piper Sandler upgraded Dayforce to a “strong-buy” rating in a research note on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft upped their target price on Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. Mizuho set a $70.00 price target on Dayforce in a report on Friday, August 22nd. Finally, KeyCorp downgraded Dayforce from an “overweight” rating to a “sector weight” rating in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, Dayforce presently has an average rating of “Hold” and a consensus price target of $70.36.

Get Our Latest Stock Analysis on DAY

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. EdgePoint Investment Group Inc. lifted its holdings in Dayforce by 55.0% in the 1st quarter. EdgePoint Investment Group Inc. now owns 13,860,521 shares of the company’s stock worth $808,484,000 after purchasing an additional 4,918,825 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Dayforce by 9.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,620,415 shares of the company’s stock worth $969,470,000 after buying an additional 1,387,943 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Dayforce by 36.0% during the 1st quarter. Invesco Ltd. now owns 3,583,632 shares of the company’s stock worth $209,033,000 after buying an additional 948,436 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Dayforce by 1,055.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 567,796 shares of the company’s stock worth $39,115,000 after buying an additional 518,636 shares during the period. Finally, Nuveen LLC acquired a new position in Dayforce in the 1st quarter valued at $28,416,000.

Dayforce Company Profile

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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.

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Insider Buying and Selling by Quarter for Dayforce (NYSE:DAY)

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