Dayforce, Inc. (NYSE:DAY - Get Free Report) shares traded down 5.2% during trading on Wednesday . The stock traded as low as $55.83 and last traded at $54.77. 331,810 shares were traded during mid-day trading, a decline of 81% from the average session volume of 1,764,251 shares. The stock had previously closed at $57.75.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Jefferies Financial Group reissued a "hold" rating on shares of Dayforce in a research report on Friday, May 23rd. UBS Group boosted their price target on Dayforce from $68.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Wells Fargo & Company downgraded Dayforce from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $60.00 to $50.00 in a research note on Friday, June 13th. KeyCorp dropped their target price on Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC restated a "buy" rating and set a $95.00 target price on shares of Dayforce in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $70.86.
Read Our Latest Analysis on Dayforce
Dayforce Trading Down 0.2%
The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.02 and a current ratio of 1.02. The company has a 50 day simple moving average of $57.78 and a two-hundred day simple moving average of $62.29. The firm has a market cap of $8.80 billion, a PE ratio of 344.00, a P/E/G ratio of 2.16 and a beta of 1.12.
Insider Buying and Selling at Dayforce
In other news, EVP William Everett Mcdonald sold 2,000 shares of the company's 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 sale, the executive vice president now owns 105,691 shares in the company, valued at $5,935,606.56. This represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samer Alkharrat sold 664 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $57.95, for a total value of $38,478.80. Following the completion of the sale, the executive vice president now owns 132,266 shares in the company, valued at $7,664,814.70. The trade was a 0.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,580 shares of company stock worth $259,321. 4.50% of the stock is currently owned by insiders.
Institutional Trading of Dayforce
A number of hedge funds have recently modified their holdings of the stock. Capital International Investors boosted its stake in shares of Dayforce by 3.9% in the fourth quarter. Capital International Investors now owns 17,659,706 shares of the company's stock worth $1,282,800,000 after buying an additional 667,065 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 worth $1,258,072,000 after buying an additional 197,773 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Dayforce by 9.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,620,415 shares of the company's stock worth $969,470,000 after buying an additional 1,387,943 shares during the last quarter. EdgePoint Investment Group Inc. boosted its stake in shares of Dayforce by 55.0% in the first quarter. EdgePoint Investment Group Inc. now owns 13,860,521 shares of the company's stock worth $808,484,000 after buying an additional 4,918,825 shares during the last quarter. Finally, Capital World Investors raised its holdings in Dayforce by 1.0% in the 4th quarter. Capital World Investors now owns 13,654,333 shares of the company's stock worth $991,851,000 after purchasing an additional 128,578 shares during the period.
About Dayforce
(
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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