Dayforce (NYSE:DAY) Price Target Raised to $95.00

Dayforce (NYSE:DAY) had its price objective boosted by Needham & Company LLC from $82.00 to $95.00 in a research note issued to investors on Wednesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

DAY has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft upped their price objective on Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets boosted their price objective on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. KeyCorp started coverage on Dayforce in a report on Tuesday, September 24th. They set an “overweight” rating and a $70.00 price target for the company. Piper Sandler upped their price objective on Dayforce from $71.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, TD Cowen lifted their target price on Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, October 7th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.08.

Dayforce Stock Down 2.3 %

DAY stock opened at $77.17 on Wednesday. The business has a 50 day moving average price of $64.14 and a two-hundred day moving average price of $57.82. Dayforce has a twelve month low of $47.08 and a twelve month high of $81.32. The company has a market cap of $12.17 billion, a price-to-earnings ratio of 233.86, a P/E/G ratio of 3.71 and a beta of 1.27. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47.

Insider Buying and Selling at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the sale, the chief operating officer now directly owns 101,437 shares of the company’s stock, valued at $6,428,062.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Jeffrey Scott Jacobs sold 643 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $40,746.91. Following the completion of the transaction, the insider now directly owns 34,074 shares in the company, valued at approximately $2,159,269.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $63,370.00. Following the completion of the transaction, the chief operating officer now directly owns 101,437 shares of the company’s stock, valued at approximately $6,428,062.69. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,643 shares of company stock worth $384,617 over the last three months. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Dayforce

Several hedge funds and other institutional investors have recently modified their holdings of DAY. Quent Capital LLC bought a new stake in Dayforce during the 3rd quarter worth approximately $28,000. Financial Perspectives Inc bought a new stake in Dayforce in the 2nd quarter worth about $28,000. Farther Finance Advisors LLC bought a new stake in Dayforce in the 3rd quarter worth about $40,000. Sentry Investment Management LLC purchased a new stake in Dayforce in the 2nd quarter valued at about $33,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Dayforce during the 3rd quarter worth approximately $74,000.

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.