Dayforce Inc (NYSE:DAY) EVP William Everett Mcdonald Sells 2,000 Shares

Dayforce Inc (NYSE:DAY) EVP William Everett Mcdonald sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total transaction of $112,320.00. Following the transaction, the executive vice president now owns 105,691 shares in the company, valued at approximately $5,935,606.56. This trade represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Dayforce Trading Down 1.5 %

Shares of Dayforce stock opened at $54.16 on Friday. The company has a 50-day moving average of $58.30 and a two-hundred day moving average of $67.28. The stock has a market cap of $8.57 billion, a PE ratio of 492.38, a price-to-earnings-growth ratio of 2.49 and a beta of 1.20. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $82.69.

Dayforce (NYSE:DAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. On average, research analysts anticipate that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on DAY. Barclays lowered their price objective on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Cowen raised Dayforce from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Scotiabank reduced their price objective on Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a research note on Monday, March 17th. Citigroup lowered their target price on Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Stifel Nicolaus cut their price target on Dayforce from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.79.

Institutional Investors Weigh In On Dayforce

Several institutional investors and hedge funds have recently made changes to their positions in DAY. Metis Global Partners LLC raised its position in Dayforce by 3.8% during the fourth quarter. Metis Global Partners LLC now owns 5,261 shares of the company’s stock worth $382,000 after acquiring an additional 193 shares during the last quarter. Stifel Financial Corp lifted its stake in Dayforce by 4.1% in the 4th quarter. Stifel Financial Corp now owns 5,206 shares of the company’s stock valued at $378,000 after buying an additional 205 shares in the last quarter. United Capital Financial Advisors LLC grew its holdings in Dayforce by 3.5% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,740 shares of the company’s stock valued at $490,000 after buying an additional 228 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Dayforce by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 43,707 shares of the company’s stock worth $3,175,000 after buying an additional 277 shares in the last quarter. Finally, Utah Retirement Systems lifted its position in shares of Dayforce by 1.2% in the fourth quarter. Utah Retirement Systems now owns 24,923 shares of the company’s stock valued at $1,810,000 after acquiring an additional 300 shares in the last quarter.

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.