Christopher R. Armstrong Sells 60,000 Shares of Dayforce Inc (NYSE:DAY) Stock

Dayforce Inc (NYSE:DAY) COO Christopher R. Armstrong sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.14, for a total value of $4,148,400.00. Following the completion of the transaction, the chief operating officer now owns 149,319 shares of the company’s stock, valued at approximately $10,323,915.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Dayforce Price Performance

DAY stock opened at $66.05 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. The company has a market cap of $10.27 billion, a P/E ratio of 188.71, a PEG ratio of 3.27 and a beta of 1.31. Dayforce Inc has a 12-month low of $55.62 and a 12-month high of $75.53.

Dayforce (NYSE:DAY) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.26. The business had revenue of $399.70 million for the quarter, compared to analyst estimates of $400.14 million. Dayforce had a return on equity of 4.47% and a net margin of 3.62%. On average, sell-side analysts forecast that Dayforce Inc will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

DAY has been the subject of a number of analyst reports. Piper Sandler upped their price target on Dayforce from $73.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 target price on shares of Dayforce in a research report on Thursday, February 8th. Finally, Barclays cut their target price on Dayforce from $75.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th.

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.