Dayforce’s (DAY) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Dayforce (NYSE:DAY) in a research report sent to investors on Wednesday, Marketbeat.com reports. They currently have a $80.00 price target on the stock, down from their previous price target of $85.00.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group increased their price objective on shares of Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Piper Sandler reiterated an “overweight” rating and set a $94.00 price target (up from $82.00) on shares of Dayforce in a report on Wednesday, November 13th. BMO Capital Markets upped their price objective on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. KeyCorp lifted their target price on Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Mizuho increased their price target on shares of Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Dayforce currently has an average rating of “Moderate Buy” and a consensus target price of $79.93.

Dayforce Price Performance

DAY opened at $70.30 on Wednesday. Dayforce has a 1 year low of $47.08 and a 1 year high of $82.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 213.04, a P/E/G ratio of 3.68 and a beta of 1.26. The firm’s fifty day moving average price is $76.40 and its two-hundred day moving average price is $63.88.

Insider Buying and Selling at Dayforce

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $40,746.91. Following the transaction, the insider now directly owns 34,074 shares in the company, valued at $2,159,269.38. This trade represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $63,370.00. Following the completion of the sale, the chief operating officer now directly owns 101,437 shares of the company’s stock, valued at $6,428,062.69. This represents a 0.98 % 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 valued at $68,770,223 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Dayforce

Several institutional investors have recently bought and sold shares of the stock. Select Equity Group L.P. bought a new stake in Dayforce in the 2nd quarter worth $721,310,000. EdgePoint Investment Group Inc. grew its stake in shares of Dayforce by 1.1% in the third quarter. EdgePoint Investment Group Inc. now owns 10,624,105 shares of the company’s stock worth $650,726,000 after purchasing an additional 112,086 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Dayforce by 1.9% during the 3rd quarter. Janus Henderson Group PLC now owns 5,669,154 shares of the company’s stock valued at $347,236,000 after purchasing an additional 103,794 shares during the period. Dragoneer Investment Group LLC bought a new position in Dayforce during the 2nd quarter valued at approximately $193,274,000. Finally, Geode Capital Management LLC lifted its holdings in Dayforce by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock worth $230,875,000 after buying an additional 30,302 shares during the period.

About Dayforce

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.