Christopher R. Armstrong Sells 60,000 Shares of Dayforce Inc (NYSE:DAY) Stock

Dayforce Inc (NYSE:DAY) COO Christopher R. Armstrong sold 60,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.14, for a total transaction of $4,148,400.00. Following the completion of the sale, the chief operating officer now directly owns 149,319 shares of the company’s stock, valued at approximately $10,323,915.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Dayforce Price Performance

Shares of DAY opened at $66.05 on Thursday. The stock has a market cap of $10.27 billion, a PE ratio of 188.71, a price-to-earnings-growth ratio of 3.27 and a beta of 1.31. Dayforce Inc has a 1 year low of $55.62 and a 1 year high of $75.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.12.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, February 7th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.26. The firm had revenue of $399.70 million for the quarter, compared to analysts’ expectations of $400.14 million. Dayforce had a net margin of 3.62% and a return on equity of 4.47%. As a group, sell-side analysts anticipate that Dayforce Inc will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DAY has been the subject of several research analyst reports. Piper Sandler increased their target price on shares of Dayforce from $73.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Barclays lowered their target price on shares of Dayforce from $75.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, February 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $82.00 price target on shares of Dayforce in a research report on Thursday, February 8th.

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.