Dayforce, Inc. (NYSE:DAY) Receives $70.36 Average PT from Brokerages

Shares of Dayforce, Inc. (NYSE:DAY) have been assigned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $70.3571.

DAY has been the topic of several research analyst reports. UBS Group downgraded Dayforce from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 15th. Zacks Research upgraded shares of Dayforce from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Dayforce in a research note on Thursday, October 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Dayforce in a report on Monday, December 29th.

Insider Activity

In related news, insider Jeffrey Scott Jacobs sold 500 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $69.36, for a total value of $34,680.00. Following the transaction, the insider owned 48,901 shares of the company’s stock, valued at $3,391,773.36. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Dayforce

Institutional investors and hedge funds have recently bought and sold shares of the company. MUFG Securities EMEA plc purchased a new position in shares of Dayforce during the second quarter valued at $26,000. UMB Bank n.a. lifted its stake in Dayforce by 82.6% in the third quarter. UMB Bank n.a. now owns 431 shares of the company’s stock worth $30,000 after acquiring an additional 195 shares during the period. Assetmark Inc. grew its holdings in Dayforce by 701.4% during the 2nd quarter. Assetmark Inc. now owns 561 shares of the company’s stock worth $31,000 after acquiring an additional 491 shares in the last quarter. True Wealth Design LLC grew its holdings in Dayforce by 419.1% during the 4th quarter. True Wealth Design LLC now owns 462 shares of the company’s stock worth $32,000 after acquiring an additional 373 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in Dayforce during the 3rd quarter valued at about $34,000.

Dayforce Trading Up 1.5%

DAY opened at $69.97 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50 day moving average price is $69.44 and its 200-day moving average price is $67.91. Dayforce has a one year low of $48.01 and a one year high of $72.28. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of -74.44, a P/E/G ratio of 2.13 and a beta of 1.16.

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. The company also provides payroll and payroll-related services; and implementation and professional services.