Samer Alkharrat Sells 3,232 Shares of Dayforce (NYSE:DAY) Stock

Dayforce, Inc. (NYSE:DAY) EVP Samer Alkharrat sold 3,232 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $68.78, for a total value of $222,296.96. Following the completion of the sale, the executive vice president directly owned 121,167 shares in the company, valued at $8,333,866.26. This represents a 2.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Samer Alkharrat also recently made the following trade(s):

• On Friday, July 25th, Samer Alkharrat sold 4,659 shares of Dayforce stock. The shares were sold at an average price of $59.69, for a total value of $278,095.71.

Dayforce Stock Down 0.0%

Shares of NYSE DAY traded down $0.02 during midday trading on Monday, hitting $68.84. 2,101,102 shares of the company’s stock were exchanged, compared to its average volume of 2,134,044. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.04 and a quick ratio of 1.04. Dayforce, Inc. has a twelve month low of $48.01 and a twelve month high of $82.69. The company has a market cap of $10.99 billion, a PE ratio of 229.46, a P/E/G ratio of 2.54 and a beta of 1.14. The firm’s fifty day simple moving average is $63.59 and its 200-day simple moving average is $59.37.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, August 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.09. Dayforce had a return on equity of 7.37% and a net margin of 2.65%.The business had revenue of $464.70 million for the quarter, compared to analyst estimates of $457.83 million. During the same quarter last year, the company earned $0.48 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts predict that Dayforce, Inc. will post 1.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their target price on Dayforce from $60.00 to $70.00 and gave the stock a “hold” rating in a research report on Friday, August 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $70.00 price target (down previously from $72.00) on shares of Dayforce in a research report on Friday, September 19th. William Blair lowered Dayforce from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 20th. TD Cowen lowered Dayforce from a “buy” rating to a “hold” rating in a research report on Thursday, August 21st. Finally, Mizuho set a $70.00 price target on Dayforce in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $70.36.

Institutional Trading of Dayforce

A number of institutional investors have recently modified their holdings of the business. Xponance Inc. boosted its stake in shares of Dayforce by 0.8% in the first quarter. Xponance Inc. now owns 22,673 shares of the company’s stock valued at $1,323,000 after buying an additional 179 shares in the last quarter. Covestor Ltd boosted its stake in shares of Dayforce by 15.6% in the first quarter. Covestor Ltd now owns 1,430 shares of the company’s stock valued at $83,000 after buying an additional 193 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Dayforce by 1.0% during the second quarter. DekaBank Deutsche Girozentrale now owns 19,984 shares of the company’s stock worth $1,103,000 after purchasing an additional 196 shares in the last quarter. HighTower Advisors LLC boosted its position in Dayforce by 3.5% during the first quarter. HighTower Advisors LLC now owns 5,931 shares of the company’s stock worth $346,000 after purchasing an additional 203 shares in the last quarter. Finally, National Pension Service boosted its position in Dayforce by 74.5% during the first quarter. National Pension Service now owns 541 shares of the company’s stock worth $32,000 after purchasing an additional 231 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.