Dayforce Inc (NYSE:DAY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Dayforce Inc (NYSE:DAY) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $79.93.

DAY has been the topic of several recent research reports. Citigroup upped their price target on Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their price target on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their price target on Dayforce from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. BMO Capital Markets upped their price target on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Scotiabank assumed coverage on Dayforce in a report on Monday, November 18th. They issued a “sector perform” rating and a $75.00 target price for the company.

Insider Transactions at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $63,370.00. Following the sale, the chief operating officer now directly owns 101,437 shares of the company’s stock, valued at $6,428,062.69. This trade represents a 0.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David D. Ossip sold 858,697 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total value of $68,309,346.35. Following the sale, the chief executive officer now directly owns 794,527 shares in the company, valued at approximately $63,204,622.85. This represents a 51.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 865,340 shares of company stock worth $68,770,223 in the last ninety days. Insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Dayforce

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Financial Perspectives Inc bought a new stake in shares of Dayforce in the second quarter worth about $28,000. Quent Capital LLC bought a new stake in Dayforce during the third quarter worth approximately $28,000. Sentry Investment Management LLC bought a new stake in Dayforce during the second quarter worth approximately $33,000. Farther Finance Advisors LLC bought a new stake in Dayforce during the third quarter worth approximately $40,000. Finally, Quarry LP bought a new stake in Dayforce during the third quarter worth approximately $51,000.

Dayforce Stock Up 0.2 %

Shares of NYSE:DAY opened at $70.30 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $11.09 billion, a P/E ratio of 213.04, a P/E/G ratio of 3.68 and a beta of 1.26. The stock has a 50 day moving average price of $76.40 and a 200-day moving average price of $63.88. Dayforce has a 52-week low of $47.08 and a 52-week high of $82.69.

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.