Dayforce, Inc. (NYSE:DAY) Given Average Recommendation of “Hold” by Analysts

Dayforce, Inc. (NYSE:DAY) has earned a consensus rating of “Hold” from the seventeen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $70.3571.

A number of equities research analysts recently issued reports on DAY shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dayforce in a research note on Monday, December 29th. UBS Group downgraded shares of Dayforce from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research raised shares of Dayforce from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Dayforce in a research report on Thursday, October 30th.

Dayforce Trading Up 1.5%

Shares of DAY stock 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 has a fifty day simple moving average of $69.37 and a two-hundred day simple moving average of $67.63. The firm has a market capitalization of $11.20 billion, a PE ratio of -74.44, a PEG ratio of 2.13 and a beta of 1.16. Dayforce has a 52-week low of $48.01 and a 52-week high of $72.28.

Insiders Place Their Bets

In other Dayforce news, insider Jeffrey Scott Jacobs sold 500 shares of the stock in a transaction 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 sale, the insider owned 48,901 shares in the company, valued at $3,391,773.36. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dayforce

Hedge funds have recently modified their holdings of the business. UMB Bank n.a. raised its position in Dayforce by 82.6% during the 3rd quarter. UMB Bank n.a. now owns 431 shares of the company’s stock worth $30,000 after buying an additional 195 shares during the last quarter. True Wealth Design LLC grew its holdings in Dayforce by 419.1% during the fourth quarter. True Wealth Design LLC now owns 462 shares of the company’s stock worth $32,000 after acquiring an additional 373 shares during the period. MUFG Securities EMEA plc purchased a new position in Dayforce during the second quarter valued at approximately $26,000. Quent Capital LLC purchased a new position in Dayforce during the third quarter valued at approximately $34,000. Finally, Assetmark Inc. lifted its holdings in Dayforce by 701.4% in the second quarter. Assetmark Inc. now owns 561 shares of the company’s stock valued at $31,000 after acquiring an additional 491 shares during the period.

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.