Key Points
- Dayforce COO Stephen Holdridge sold 2,000 shares on November 14 at an average price of $68.87 for $137,740, trimming his stake by 1.11% to 178,814 shares (valued at about $12.31M).
- In the latest quarter Dayforce missed EPS (reported $0.37 vs. $0.56 expected) while revenue rose 9.5% year-over-year to $481.6M and the company posted a negative net margin of 7.91%.
- The stock has a market capitalization of about $11.04B, a negative P/E (-73.4), a 1‑year range of $48.01–$82.69, and a consensus analyst rating of Hold with an average target of $70.36.
Dayforce, Inc. (NYSE:DAY - Get Free Report) COO Stephen Holdridge sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $68.87, for a total transaction of $137,740.00. Following the completion of the transaction, 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 document filed with the SEC, which is available through this hyperlink.
Dayforce Stock Performance
Dayforce stock opened at $69.00 on Wednesday. The firm's 50 day simple moving average is $68.69 and its 200 day simple moving average is $62.61. 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 has a market capitalization of $11.04 billion, a PE ratio of -73.40, a price-to-earnings-growth ratio of 2.66 and a beta of 1.20. Dayforce, Inc. has a 1-year low of $48.01 and a 1-year high of $82.69.
Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.19). The firm had revenue of $481.60 million during 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 firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 earnings per share. As a group, analysts expect that Dayforce, Inc. will post 1.48 earnings per share for the current fiscal year.
Institutional Trading of Dayforce
Several hedge funds and other institutional investors have recently bought and sold shares of DAY. UMB Bank n.a. boosted its position in Dayforce by 82.6% during the 3rd quarter. UMB Bank n.a. now owns 431 shares of the company's stock valued at $30,000 after buying an additional 195 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Dayforce during the second quarter valued at about $26,000. Quent Capital LLC purchased a new stake in shares of Dayforce during the third quarter worth about $34,000. SVB Wealth LLC purchased a new position in Dayforce during the 1st quarter valued at about $30,000. Finally, National Pension Service raised its position in 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.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on DAY shares. Stifel Nicolaus reissued a "hold" rating and issued a $70.00 price target (down previously from $72.00) on shares of Dayforce in a research note on Friday, September 19th. Citigroup lowered shares of Dayforce from a "buy" rating to a "neutral" rating and set a $70.00 target price for the company. in a research report on Wednesday, September 17th. Needham & Company LLC restated a "hold" rating on shares of Dayforce in a research report on Thursday, October 30th. Zacks Research lowered Dayforce from a "hold" rating to a "strong sell" rating in a research note on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Dayforce from $60.00 to $70.00 and gave the stock a "hold" rating in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Dayforce presently has a consensus rating of "Hold" and an average target price of $70.36.
Check Out Our Latest Analysis on Dayforce
About Dayforce
(
Get Free Report)
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.
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