Dayforce (NYSE:DAY) Given New $80.00 Price Target at Barclays

Dayforce (NYSE:DAY) had its target price lowered by stock analysts at Barclays from $84.00 to $80.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 13.80% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus upped their target price on shares of Dayforce from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. TD Cowen upped their target price on shares of Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, October 7th. KeyCorp upped their target price on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Mizuho boosted their price target on shares of Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, BMO Capital Markets boosted their price target on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.93.

Dayforce Price Performance

NYSE:DAY opened at $70.30 on Friday. The firm has a market cap of $11.09 billion, a PE ratio of 213.04, a price-to-earnings-growth ratio of 3.68 and a beta of 1.26. Dayforce has a 12 month low of $47.08 and a 12 month high of $82.69. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $76.40 and its two-hundred day moving average price is $63.98.

Insider Buying and Selling at Dayforce

In other news, insider Jeffrey Scott Jacobs sold 643 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the transaction, the insider now owns 34,074 shares in the company, valued at $2,159,269.38. This represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the company’s 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 $63,370.00. Following the completion of the transaction, the chief operating officer now owns 101,437 shares of the company’s stock, valued at $6,428,062.69. This trade represents a 0.98 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 865,340 shares of company stock valued at $68,770,223. Corporate insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Financial Perspectives Inc acquired a new position in Dayforce during the second quarter worth $28,000. Quent Capital LLC acquired a new position in Dayforce during the third quarter worth $28,000. Sentry Investment Management LLC acquired a new position in Dayforce during the second quarter worth $33,000. Farther Finance Advisors LLC acquired a new position in Dayforce during the third quarter worth $40,000. Finally, Quarry LP acquired a new position in Dayforce during the third quarter worth $51,000.

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.