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

Dayforce, Inc. (NYSE:DAY) EVP William Everett Mcdonald sold 1,912 shares of Dayforce stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $68.25, for a total value of $130,494.00. Following the completion of the sale, the executive vice president directly owned 101,772 shares of the company’s stock, valued at approximately $6,945,939. The trade was a 1.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Dayforce Trading Down 0.1%

Shares of NYSE:DAY opened at $68.28 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. Dayforce, Inc. has a 1 year low of $48.01 and a 1 year high of $82.69. The company has a market cap of $10.90 billion, a P/E ratio of 227.61, a PEG ratio of 2.52 and a beta of 1.17. The stock’s fifty day moving average price is $67.16 and its 200-day moving average price is $60.42.

Dayforce (NYSE:DAY) last released its quarterly earnings data 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 return on equity of 7.37% and a net margin of 2.65%.The company had revenue of $464.70 million during the quarter, compared to the consensus estimate of $457.83 million. During the same period last year, the company earned $0.48 EPS. Dayforce’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts expect that Dayforce, Inc. will post 1.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Stifel Nicolaus reiterated a “hold” rating and issued a $70.00 price target (down from $72.00) on shares of Dayforce in a research note on Friday, September 19th. TD Cowen cut shares of Dayforce from a “buy” rating to a “hold” rating in a report on Thursday, August 21st. Needham & Company LLC lowered shares of Dayforce from a “buy” rating to a “hold” rating and set a $95.00 target price for the company. in a research note on Friday, August 22nd. Mizuho set a $70.00 price target on Dayforce in a report on Friday, August 22nd. Finally, Jefferies Financial Group raised their price target on Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat, Dayforce currently has an average rating of “Hold” and a consensus price target of $70.36.

Institutional Trading of Dayforce

Several hedge funds have recently bought and sold shares of DAY. MUFG Securities EMEA plc bought a new position in shares of Dayforce in the second quarter worth about $26,000. SVB Wealth LLC purchased a new stake in Dayforce in the 1st quarter worth approximately $30,000. Assetmark Inc. raised its stake in Dayforce by 701.4% during the 2nd quarter. Assetmark Inc. now owns 561 shares of the company’s stock worth $31,000 after acquiring an additional 491 shares during the period. National Pension Service raised its stake in Dayforce by 74.5% during the 1st quarter. National Pension Service now owns 541 shares of the company’s stock worth $32,000 after acquiring an additional 231 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Dayforce by 50.5% during the second quarter. EverSource Wealth Advisors LLC now owns 715 shares of the company’s stock valued at $40,000 after purchasing an additional 240 shares in the last quarter.

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.