Dayforce, Inc. (NYSE:DAY) EVP Samer Alkharrat Sells 664 Shares

Dayforce, Inc. (NYSE:DAY - Get Free Report) EVP Samer Alkharrat sold 664 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $57.95, for a total value of $38,478.80. Following the completion of the transaction, the executive vice president now directly owns 132,266 shares in the company, valued at $7,664,814.70. The trade was a 0.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, April 25th, Samer Alkharrat sold 1,916 shares of Dayforce stock. The stock was sold at an average price of $56.64, for a total transaction of $108,522.24.

Dayforce Trading Down 0.2%

Shares of DAY stock traded down $0.08 on Friday, reaching $55.04. 3,514,173 shares of the stock were exchanged, compared to its average volume of 1,784,696. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.02 and a quick ratio of 1.02. Dayforce, Inc. has a one year low of $47.08 and a one year high of $82.69. The stock has a market cap of $8.80 billion, a PE ratio of 344.00, a P/E/G ratio of 2.15 and a beta of 1.12. The stock has a 50 day moving average price of $57.76 and a 200 day moving average price of $62.45.

Institutional Trading of Dayforce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in Dayforce during the 1st quarter valued at about $30,000. National Pension Service lifted its stake in shares of Dayforce by 74.5% in the 1st quarter. National Pension Service now owns 541 shares of the company's stock valued at $32,000 after purchasing an additional 231 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Dayforce during the fourth quarter worth $61,000. Mather Group LLC. increased its holdings in Dayforce by 196.9% in the first quarter. Mather Group LLC. now owns 962 shares of the company's stock valued at $56,000 after purchasing an additional 638 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new position in Dayforce in the fourth quarter valued at about $72,000.

Analyst Ratings Changes

DAY has been the subject of several research reports. UBS Group increased their price objective on Dayforce from $68.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, June 5th. Mizuho lowered their price objective on Dayforce from $95.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. TD Cowen upgraded shares of Dayforce from a "hold" rating to a "buy" rating and increased their target price for the stock from $67.00 to $68.00 in a research report on Friday, March 7th. Wells Fargo & Company cut Dayforce from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $60.00 to $50.00 in a report on Friday, June 13th. Finally, Jefferies Financial Group reissued a "hold" rating on shares of Dayforce in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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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