Dayforce (NYSE:DAY) Price Target Raised to $84.00

Dayforce (NYSE:DAY) had its price target raised by Barclays from $80.00 to $84.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

DAY has been the topic of a number of other research reports. KeyCorp raised their price target on Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Citigroup upped their price target on shares of Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets increased their price target on shares of Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Scotiabank assumed coverage on Dayforce in a research note on Monday, November 18th. They set a “sector perform” rating and a $75.00 target price for the company. Finally, Piper Sandler reiterated an “overweight” rating and issued a $94.00 price target (up previously from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $79.08.

Dayforce Trading Up 1.7 %

Shares of NYSE:DAY opened at $78.56 on Friday. The business’s 50 day simple moving average is $71.43 and its 200 day simple moving average is $60.08. Dayforce has a 1 year low of $47.08 and a 1 year high of $82.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $12.39 billion, a P/E ratio of 238.07, a P/E/G ratio of 3.79 and a beta of 1.26.

Insider Buying and Selling at Dayforce

In other news, insider Jeffrey Scott Jacobs sold 643 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the sale, the insider now owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. This represents a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David D. Ossip sold 858,697 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total value of $68,309,346.35. Following the completion of the sale, the chief executive officer now directly owns 794,527 shares of the company’s stock, valued at approximately $63,204,622.85. The trade was a 51.94 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 865,340 shares of company stock worth $68,770,223. 4.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dayforce

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quent Capital LLC acquired a new stake in shares of Dayforce in the third quarter valued at about $28,000. Financial Perspectives Inc acquired a new stake in Dayforce during the second quarter worth approximately $28,000. Farther Finance Advisors LLC acquired a new stake in Dayforce during the third quarter worth approximately $40,000. Sentry Investment Management LLC acquired a new stake in Dayforce during the second quarter worth approximately $33,000. Finally, Quarry LP acquired a new stake in Dayforce during the third quarter worth approximately $51,000.

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.