Dayforce, Inc. (NYSE:DAY – Get 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:DAY – Get 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
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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
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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