Insider Selling: Dayforce, Inc. (NYSE:DAY) EVP Sells 2,059 Shares of Stock

Dayforce, Inc. (NYSE:DAY - Get Free Report) EVP William Everett Mcdonald sold 2,059 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $55.01, for a total transaction of $113,265.59. Following the completion of the sale, the executive vice president directly owned 103,684 shares of the company's stock, valued at $5,703,656.84. The trade was a 1.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dayforce Price Performance

DAY stock traded up $0.62 during trading on Friday, hitting $58.25. The company had a trading volume of 1,281,965 shares, compared to its average volume of 1,747,638. The business has a 50 day moving average of $57.72 and a 200 day moving average of $60.39. The firm has a market capitalization of $9.31 billion, a price-to-earnings ratio of 364.09, a P/E/G ratio of 2.24 and a beta of 1.08. Dayforce, Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $82.69. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

Several research analysts recently weighed in on DAY shares. Wells Fargo & Company downgraded shares of Dayforce from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $60.00 to $50.00 in a research note on Friday, June 13th. Piper Sandler cut their price objective on shares of Dayforce from $83.00 to $70.00 and set an "overweight" rating for the company in a research report on Wednesday, May 7th. KeyCorp decreased their target price on shares of Dayforce from $80.00 to $65.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of Dayforce in a report on Tuesday, June 10th. Finally, Citigroup raised their price objective on Dayforce from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. One investment 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, Dayforce presently has an average rating of "Moderate Buy" and an average price target of $70.86.

Institutional Trading of Dayforce

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EdgePoint Investment Group Inc. grew its position in Dayforce by 55.0% during the first quarter. EdgePoint Investment Group Inc. now owns 13,860,521 shares of the company's stock valued at $808,484,000 after purchasing an additional 4,918,825 shares in the last quarter. FMR LLC boosted its stake in shares of Dayforce by 382.5% during the 4th quarter. FMR LLC now owns 3,215,123 shares of the company's stock valued at $233,547,000 after buying an additional 2,548,779 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Dayforce by 9.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,620,415 shares of the company's stock valued at $969,470,000 after acquiring an additional 1,387,943 shares in the last quarter. Invesco Ltd. increased its stake in shares of Dayforce by 36.0% in the first quarter. Invesco Ltd. now owns 3,583,632 shares of the company's stock worth $209,033,000 after acquiring an additional 948,436 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Dayforce by 3.9% during the fourth quarter. Capital International Investors now owns 17,659,706 shares of the company's stock worth $1,282,800,000 after acquiring an additional 667,065 shares in the last quarter.

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.