Dayforce Inc (NYSE:DAY - Get Free Report) EVP William Everett Mcdonald sold 2,000 shares of Dayforce stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $56.16, for a total value of $112,320.00. Following the completion of the transaction, the executive vice president now owns 105,691 shares of the company's stock, valued at approximately $5,935,606.56. This represents a 1.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Dayforce Stock Down 1.5 %
Shares of DAY stock opened at $54.16 on Friday. Dayforce Inc has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The firm has a market capitalization of $8.57 billion, a PE ratio of 492.38, a P/E/G ratio of 2.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. The stock's 50-day simple moving average is $58.52 and its 200-day simple moving average is $67.28.
Dayforce (NYSE:DAY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.37 EPS 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%. Equities analysts expect that Dayforce Inc will post 1.48 earnings per share for the current year.
Hedge Funds Weigh In On Dayforce
Several large investors have recently made changes to their positions in DAY. Capital International Investors increased its stake in shares of Dayforce by 3.9% in the 4th quarter. Capital International Investors now owns 17,659,706 shares of the company's stock valued at $1,282,800,000 after purchasing an additional 667,065 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Dayforce by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 17,319,275 shares of the company's stock valued at $1,258,072,000 after buying an additional 197,773 shares in the last quarter. Capital World Investors raised its stake in shares of Dayforce by 1.0% during the 4th quarter. Capital World Investors now owns 13,654,333 shares of the company's stock worth $991,851,000 after buying an additional 128,578 shares during the period. Geode Capital Management LLC lifted its position in shares of Dayforce by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 3,839,645 shares of the company's stock valued at $278,193,000 after buying an additional 57,621 shares in the last quarter. Finally, FMR LLC grew its stake in Dayforce by 382.5% in the 4th quarter. FMR LLC now owns 3,215,123 shares of the company's stock valued at $233,547,000 after acquiring an additional 2,548,779 shares during the period.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Mizuho cut their target price on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday. Citigroup reduced their target price on shares of Dayforce from $90.00 to $83.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. Barclays dropped their price target on shares of Dayforce from $80.00 to $69.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. TD Cowen raised shares of Dayforce from a "hold" rating to a "buy" rating and increased their price objective for the stock from $67.00 to $68.00 in a research report on Friday, March 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $80.00 target price (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $76.79.
Get Our Latest Stock Analysis on DAY
Dayforce Company Profile
(
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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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