Dayforce Inc (NYSE:DAY - Get Free Report) CEO David D. Ossip sold 858,697 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the sale, the chief executive officer now directly owns 794,527 shares in the company, valued at $63,204,622.85. This represents a 51.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Dayforce Trading Up 0.2 %
Shares of Dayforce stock opened at $79.87 on Thursday. 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 stock has a market capitalization of $12.60 billion, a PE ratio of 242.03, a P/E/G ratio of 3.84 and a beta of 1.27. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $82.69. The company's fifty day simple moving average is $68.58 and its 200-day simple moving average is $59.24.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Scotiabank assumed coverage on Dayforce in a report on Monday, November 18th. They set a "sector perform" rating and a $75.00 price target on the stock. Citigroup upped their target price on shares of Dayforce from $75.00 to $81.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. TD Cowen raised their price target on shares of Dayforce from $58.00 to $62.00 and gave the company a "hold" rating in a report on Monday, October 7th. Needham & Company LLC boosted their price objective on shares of Dayforce from $82.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, KeyCorp increased their price objective on shares of Dayforce from $80.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.77.
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Hedge Funds Weigh In On Dayforce
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC raised its stake in Dayforce by 85.6% during the 3rd quarter. Tidal Investments LLC now owns 28,359 shares of the company's stock worth $1,737,000 after acquiring an additional 13,078 shares during the period. Toronto Dominion Bank increased its stake in Dayforce by 17.7% in the 3rd quarter. Toronto Dominion Bank now owns 53,305 shares of the company's stock worth $3,265,000 after buying an additional 8,035 shares in the last quarter. Geode Capital Management LLC increased its stake 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 in the last quarter. M&T Bank Corp bought a new stake in Dayforce during the third quarter valued at about $505,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Dayforce by 16.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 43,430 shares of the company's stock valued at $2,660,000 after acquiring an additional 6,022 shares in the last quarter.
Dayforce Company Profile
(
Get Free Report)
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.
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