William Everett Mcdonald Sells 1,912 Shares of Dayforce (NYSE:DAY) Stock

Dayforce, Inc. (NYSE:DAY) EVP William Everett Mcdonald sold 1,912 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $68.25, for a total transaction of $130,494.00. Following the completion of the transaction, the executive vice president owned 101,772 shares in the company, valued at $6,945,939. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dayforce Stock Down 0.1%

Shares of NYSE:DAY opened at $68.28 on Friday. The firm has a 50 day simple moving average of $67.16 and a 200-day simple moving average of $60.43. Dayforce, Inc. has a twelve month low of $48.01 and a twelve month high of $82.69. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $10.90 billion, a PE ratio of 227.61, a P/E/G ratio of 2.52 and a beta of 1.17.

Dayforce (NYSE:DAY) last posted its earnings results on Wednesday, August 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Dayforce had a net margin of 2.65% and a return on equity of 7.37%. The firm had revenue of $464.70 million for the quarter, compared to the consensus estimate of $457.83 million. During the same period last year, the firm posted $0.48 EPS. The company’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts predict that Dayforce, Inc. will post 1.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DAY. William Blair downgraded Dayforce from an “outperform” rating to a “hold” rating in a report on Wednesday, August 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $70.00 price objective (down previously from $72.00) on shares of Dayforce in a research note on Friday, September 19th. Barclays increased their price objective on Dayforce from $61.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dayforce in a report on Wednesday, October 8th. Finally, Mizuho set a $70.00 price target on shares of Dayforce in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, Dayforce currently has a consensus rating of “Hold” and a consensus target price of $70.36.

Hedge Funds Weigh In On Dayforce

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EdgePoint Investment Group Inc. increased its stake in Dayforce by 55.0% in the 1st quarter. EdgePoint Investment Group Inc. now owns 13,860,521 shares of the company’s stock valued at $808,484,000 after buying an additional 4,918,825 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings 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 valued at $969,470,000 after acquiring an additional 1,387,943 shares in the last quarter. Invesco Ltd. increased its stake in shares of Dayforce by 36.0% during the first quarter. Invesco Ltd. now owns 3,583,632 shares of the company’s stock worth $209,033,000 after acquiring an additional 948,436 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Dayforce by 1,055.0% during the third quarter. Assenagon Asset Management S.A. now owns 567,796 shares of the company’s stock worth $39,115,000 after acquiring an additional 518,636 shares during the period. Finally, Nuveen LLC purchased a new position in Dayforce during the first quarter worth about $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.