Stephen H. Holdridge Sells 2,000 Shares of Dayforce, Inc. (NYSE:DAY) Stock

Dayforce, Inc. (NYSE:DAY - Get Free Report) COO Stephen H. Holdridge sold 2,000 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total transaction of $110,020.00. Following the completion of the sale, the chief operating officer directly owned 190,811 shares in the company, valued at $10,496,513.11. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dayforce Price Performance

Shares of Dayforce stock traded up $0.62 on Friday, reaching $58.25. 1,281,965 shares of the stock were exchanged, compared to its average volume of 1,747,714. The firm's 50 day moving average is $57.72 and its 200-day moving average is $60.30. Dayforce, Inc. has a one year low of $48.01 and a one year high of $82.69. 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 firm has a market cap of $9.31 billion, a PE ratio of 364.09, a P/E/G ratio of 2.26 and a beta of 1.08.

Hedge Funds Weigh In On Dayforce

Several institutional investors and hedge funds have recently added to or reduced their stakes in DAY. SVB Wealth LLC bought a new position in Dayforce in the 1st quarter valued at approximately $30,000. National Pension Service lifted its stake in 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 last quarter. Mather Group LLC. lifted its stake in Dayforce by 196.9% in the 1st 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. Harvest Fund Management Co. Ltd bought a new position in Dayforce in the 4th quarter valued at approximately $61,000. Finally, Federated Hermes Inc. bought a new position in Dayforce in the 4th quarter valued at approximately $72,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DAY shares. Barclays lowered their price objective on shares of Dayforce from $61.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. KeyCorp lowered their price objective on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Mizuho reduced their target price on Dayforce from $95.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group reiterated a "hold" rating on shares of Dayforce in a research note on Friday, May 23rd. Finally, Wells Fargo & Company downgraded Dayforce from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $60.00 to $50.00 in a research note on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $70.86.

About Dayforce

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.