Dayforce (NYSE:DAY) COO Sells $137,740.00 in Stock

Dayforce, Inc. (NYSE:DAY) COO Stephen Holdridge sold 2,000 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $68.87, for a total value of $137,740.00. Following the completion of the sale, the chief operating officer owned 178,814 shares of the company’s stock, valued at $12,314,920.18. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dayforce Stock Performance

Dayforce stock traded up $0.17 during trading on Tuesday, reaching $69.00. The company had a trading volume of 3,030,863 shares, compared to its average volume of 2,247,492. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of -73.40, a price-to-earnings-growth ratio of 2.67 and a beta of 1.20. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $68.69 and its 200 day simple moving average is $62.54. Dayforce, Inc. has a 52 week low of $48.01 and a 52 week high of $82.69.

Dayforce (NYSE:DAY) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.19). The company had revenue of $481.60 million for the quarter, compared to the consensus estimate of $481.22 million. Dayforce had a negative net margin of 7.91% and a positive return on equity of 6.54%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. Sell-side analysts forecast that Dayforce, Inc. will post 1.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of Dayforce in a report on Thursday, October 30th. Weiss Ratings lowered shares of Dayforce from a “hold (c)” rating to a “sell (d)” rating in a research report on Thursday. Zacks Research cut shares of Dayforce from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 5th. Barclays raised their price objective on shares of Dayforce from $61.00 to $70.00 and gave the company an “equal weight” rating in a research report on Friday, August 22nd. Finally, TD Cowen downgraded shares of Dayforce from a “buy” rating to a “hold” rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $70.36.

Institutional Investors Weigh In On Dayforce

Several institutional investors and hedge funds have recently modified their holdings of the stock. MUFG Securities EMEA plc bought a new position in shares of Dayforce during the second quarter worth $26,000. SVB Wealth LLC bought a new stake in Dayforce in the 1st quarter valued at $30,000. UMB Bank n.a. lifted its stake in Dayforce by 82.6% in the 3rd quarter. UMB Bank n.a. now owns 431 shares of the company’s stock worth $30,000 after purchasing an additional 195 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Dayforce by 701.4% during the 2nd quarter. Assetmark Inc. now owns 561 shares of the company’s stock valued at $31,000 after purchasing an additional 491 shares during the last quarter. Finally, National Pension Service boosted its holdings 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 purchasing an additional 231 shares during the last quarter.

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.