Insider Selling: Dayforce, Inc. (NYSE:DAY) EVP Sells $38,478.80 in Stock

Dayforce, Inc. (NYSE:DAY - Get Free Report) EVP Samer Alkharrat sold 664 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $57.95, for a total value of $38,478.80. Following the transaction, the executive vice president directly owned 132,266 shares of the company's stock, valued at approximately $7,664,814.70. This trade represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

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

Dayforce Stock Up 0.5%

Dayforce stock traded up $0.30 during midday trading on Monday, hitting $55.44. 1,829,279 shares of the stock were exchanged, compared to its average volume of 1,780,168. Dayforce, Inc. has a 1 year low of $47.08 and a 1 year high of $82.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $8.86 billion, a P/E ratio of 346.52, a P/E/G ratio of 2.16 and a beta of 1.12. The company has a 50 day moving average price of $57.78 and a two-hundred day moving average price of $62.07.

Wall Street Analyst Weigh In

Several brokerages recently commented on DAY. Piper Sandler reduced their price objective on shares of Dayforce from $83.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, May 7th. Scotiabank decreased their price target on Dayforce from $72.00 to $55.00 and set a "sector perform" rating on the stock in a research note on Monday, March 17th. Mizuho dropped their price objective on Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Cowen raised Dayforce from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Finally, Citigroup upped their target price on Dayforce from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, May 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.86.

Institutional Trading of Dayforce

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SVB Wealth LLC acquired a new stake in Dayforce during the 1st quarter valued at approximately $30,000. National Pension Service boosted its stake in shares of Dayforce by 74.5% during the 1st quarter. National Pension Service now owns 541 shares of the company's stock valued at $32,000 after buying an additional 231 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Dayforce during the fourth quarter worth approximately $61,000. Mather Group LLC. increased its stake 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 buying an additional 638 shares during the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of Dayforce in the fourth quarter worth $72,000.

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.