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

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

Several other equities research analysts have also weighed in on the company. Citigroup increased their target price on Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. TD Cowen lifted their price objective on shares of Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, October 7th. Needham & Company LLC upped their target price on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday. BMO Capital Markets lifted their price target on Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, KeyCorp began coverage on Dayforce in a report on Tuesday, September 24th. They issued an “overweight” rating and a $70.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $79.08.

Dayforce Stock Down 2.3 %

NYSE:DAY opened at $77.17 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $64.14 and a 200-day moving average of $57.82. The firm has a market capitalization of $12.17 billion, a PE ratio of 233.86, a price-to-earnings-growth ratio of 3.71 and a beta of 1.27. Dayforce has a 52 week low of $47.08 and a 52 week high of $81.32.

Insider Buying and Selling

In related news, insider Jeffrey Scott Jacobs sold 643 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total transaction of $40,746.91. Following the transaction, the insider now directly owns 34,074 shares in the company, valued at $2,159,269.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $65.00, for a total value of $65,000.00. Following the completion of the sale, the chief operating officer now owns 100,437 shares of the company’s stock, valued at approximately $6,528,405. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,643 shares of company stock worth $384,617. Corporate insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Dayforce by 3.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 980,692 shares of the company’s stock worth $60,067,000 after purchasing an additional 34,731 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Dayforce in the 3rd quarter valued at $2,604,000. Quantbot Technologies LP grew its holdings in shares of Dayforce by 204.7% during the third quarter. Quantbot Technologies LP now owns 7,870 shares of the company’s stock worth $482,000 after purchasing an additional 5,287 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Dayforce by 9.3% in the third quarter. Daiwa Securities Group Inc. now owns 27,574 shares of the company’s stock valued at $1,689,000 after buying an additional 2,344 shares during the last quarter. Finally, Swedbank AB acquired a new stake in Dayforce in the 3rd quarter valued at about $5,292,000.

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.