Dayforce (NYSE:DAY) Price Target Raised to $95.00 at Mizuho

Dayforce (NYSE:DAY) had its price target raised by Mizuho from $85.00 to $95.00 in a report published on Wednesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Dayforce from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Piper Sandler lifted their target price on shares of Dayforce from $71.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Citigroup lifted their target price on shares of Dayforce from $75.00 to $81.00 and gave the company a “buy” rating in a report on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, KeyCorp assumed coverage on shares of Dayforce in a report on Tuesday, September 24th. They set an “overweight” rating and a $70.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.08.

Dayforce Stock Down 2.8 %

Shares of DAY opened at $74.56 on Wednesday. The firm has a market cap of $11.76 billion, a PE ratio of 225.95, a price-to-earnings-growth ratio of 3.62 and a beta of 1.27. The company’s fifty day moving average is $65.04 and its two-hundred day moving average is $58.09. Dayforce has a fifty-two week low of $47.08 and a fifty-two week high of $81.32. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $77.00, for a total transaction of $77,000.00. Following the completion of the sale, the chief operating officer now owns 122,022 shares of the company’s stock, valued at $9,395,694. This represents a 0.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Scott Jacobs sold 643 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $40,746.91. Following the sale, the insider now directly owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,643 shares of company stock valued at $384,617. Insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Dayforce

A number of institutional investors have recently modified their holdings of the business. Candriam S.C.A. acquired a new position in Dayforce during the 2nd quarter valued at about $6,027,000. New Mexico Educational Retirement Board acquired a new position in Dayforce during the 2nd quarter valued at about $392,000. Acadian Asset Management LLC acquired a new position in Dayforce during the 2nd quarter valued at about $287,000. Prudential PLC acquired a new stake in Dayforce during the second quarter valued at approximately $490,000. Finally, Texas Permanent School Fund Corp acquired a new stake in Dayforce during the second quarter valued at approximately $1,281,000.

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.