Dayforce, Inc. (NYSE:DAY) EVP Samer Alkharrat Sells 4,659 Shares

Key Points

• Dayforce, Inc. EVP Samer Alkharrat sold 4,659 shares at an average price of $59.69, totaling approximately $278,095.71, which reduced their ownership by 3.52%.
• Dayforce's stock recently reached $59.40, with a 12-month span between $48.01 and $82.69, and a market capitalization of $9.50 billion.
• Analysts hold a consensus rating of "Moderate Buy" for Dayforce, with price targets ranging around $60.00 to $72.00.

Dayforce, Inc. (NYSE:DAY - Get Free Report) EVP Samer Alkharrat sold 4,659 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $59.69, for a total value of $278,095.71. Following the completion of the transaction, the executive vice president owned 127,632 shares of the company's stock, valued at approximately $7,618,354.08. This represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Samer Alkharrat also recently made the following trade(s):

• On Wednesday, June 25th, Samer Alkharrat sold 664 shares of Dayforce stock. The shares were sold at an average price of $57.95, for a total transaction of $38,478.80.

Dayforce Stock Performance

NYSE DAY traded up $0.44 during trading on Tuesday, reaching $59.40. The company's stock had a trading volume of 1,009,499 shares, compared to its average volume of 1,876,806. The firm has a 50 day moving average price of $57.66 and a 200 day moving average price of $59.71. Dayforce, Inc. has a 12 month low of $48.01 and a 12 month high of $82.69. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 371.27, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.24.

Institutional Investors Weigh In On Dayforce

Several institutional investors have recently made changes to their positions in the stock. SVB Wealth LLC acquired a new position in Dayforce in the 1st quarter valued at $30,000. National Pension Service grew its holdings in shares of Dayforce by 74.5% during the 1st quarter. National Pension Service now owns 541 shares of the company's stock worth $32,000 after purchasing an additional 231 shares in the last quarter. Mather Group LLC. increased its position in shares of Dayforce by 196.9% in the first quarter. Mather Group LLC. now owns 962 shares of the company's stock worth $56,000 after purchasing an additional 638 shares during the period. Federated Hermes Inc. acquired a new position in Dayforce in the fourth quarter valued at about $72,000. Finally, Covestor Ltd raised its stake in Dayforce by 15.6% in the first quarter. Covestor Ltd now owns 1,430 shares of the company's stock valued at $83,000 after purchasing an additional 193 shares in the last quarter.

Analyst Upgrades and Downgrades

DAY has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of Dayforce from $61.00 to $60.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Dayforce in a research report on Tuesday, June 10th. KeyCorp decreased their target price on Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. UBS Group raised their price target on Dayforce from $68.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, June 5th. Finally, Piper Sandler decreased their price objective on shares of Dayforce from $83.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $70.86.

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.

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