Dayforce (NYSE:DAY) Price Target Raised to $90.00 at Stifel Nicolaus

Dayforce (NYSE:DAY) had its price objective lifted by analysts at Stifel Nicolaus from $82.00 to $90.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 21.62% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Citigroup boosted their price objective on Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Barclays boosted their price target on shares of Dayforce from $80.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Needham & Company LLC raised their price objective on shares of Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. TD Cowen boosted their target price on shares of Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, October 7th. Finally, Mizuho raised their target price on shares of Dayforce from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $79.86.

Dayforce Price Performance

NYSE DAY opened at $74.00 on Wednesday. Dayforce has a 12 month low of $47.08 and a 12 month high of $82.69. The firm has a market capitalization of $11.67 billion, a PE ratio of 224.25, a P/E/G ratio of 3.68 and a beta of 1.26. The company’s 50 day simple moving average is $74.23 and its 200 day simple moving average is $61.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15.

Insider Transactions at Dayforce

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the transaction, the insider now owns 34,074 shares in the company, valued at approximately $2,159,269.38. This represents a 1.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $63,370.00. Following the sale, the chief operating officer now directly owns 101,437 shares of the company’s stock, valued at $6,428,062.69. This trade represents a 0.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 865,340 shares of company stock valued at $68,770,223 over the last quarter. Company insiders own 4.90% of the company’s stock.

Institutional Trading of Dayforce

Several hedge funds and other institutional investors have recently modified their holdings of DAY. Candriam S.C.A. bought a new position in Dayforce during the second quarter valued at approximately $6,027,000. New Mexico Educational Retirement Board acquired a new position in shares of Dayforce during the 2nd quarter worth $392,000. Acadian Asset Management LLC bought a new position in shares of Dayforce during the 2nd quarter valued at $287,000. Prudential PLC acquired a new stake in shares of Dayforce in the 2nd quarter valued at $490,000. Finally, Texas Permanent School Fund Corp acquired a new stake in shares of Dayforce in the 2nd quarter valued at $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.