Stephen H. Holdridge Sells 2,000 Shares of Dayforce, Inc. (NYSE:DAY) Stock

Dayforce, Inc. (NYSE:DAY) COO Stephen H. Holdridge sold 2,000 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $55.01, for a total value of $110,020.00. Following the transaction, the chief operating officer directly owned 190,811 shares of the company’s stock, valued at $10,496,513.11. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Dayforce Stock Performance

NYSE DAY traded down $0.12 during trading hours on Friday, hitting $57.51. The company’s stock had a trading volume of 74,053 shares, compared to its average volume of 1,906,123. The company has a market cap of $9.19 billion, a P/E ratio of 359.43, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day simple moving average is $57.69 and its two-hundred day simple moving average is $60.49. Dayforce, Inc. has a 12 month low of $48.01 and a 12 month high of $82.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SVB Wealth LLC purchased a new position in Dayforce in the first quarter worth about $30,000. National Pension Service boosted its position in Dayforce by 74.5% in 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. Mather Group LLC. lifted its position in shares of Dayforce by 196.9% during the 1st quarter. Mather Group LLC. now owns 962 shares of the company’s stock valued at $56,000 after buying an additional 638 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Dayforce during the 4th quarter valued at about $61,000. Finally, Federated Hermes Inc. purchased a new position in shares of Dayforce during the 4th quarter valued at about $72,000.

Analyst Ratings Changes

DAY has been the subject of several recent analyst reports. Citigroup boosted their price objective on Dayforce from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $95.00 price objective on shares of Dayforce in a research report on Monday, June 30th. UBS Group raised their price target on Dayforce from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, June 5th. KeyCorp dropped their price target on Dayforce from $80.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Piper Sandler decreased their price objective on Dayforce from $83.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.86.

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.