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Dayforce EVP McDonald sells shares worth over $379k

Published 05/22/2024, 04:20 PM

Dayforce, Inc. (NASDAQ:DAY) executive vice president, general counsel, and corporate secretary William Everett McDonald has recently engaged in significant stock transactions, according to a new SEC filing. McDonald sold shares worth approximately $379,363 at an average price of $63.28.

The transactions, which took place on May 20, 2024, involved the sale of 5,995 shares of Dayforce's common stock. This sale was executed under a pre-arranged trading plan, which allows company insiders to sell shares over a predetermined period to avoid accusations of insider trading. The prices for these shares ranged from $62.945 to $63.63, as per the weighted average disclosed.

In addition to the sales, McDonald also acquired a total of 5,995 shares through the exercise of options, with the transaction prices ranging from $19.04 to $44.91, amounting to a total of $143,585. These transactions reflect the exercise of options that were fully vested and exercisable.

Following these transactions, McDonald's (NYSE:MCD) ownership in the company includes a substantial number of shares and options, some of which are tied to the company's performance and may result in additional shares if certain metrics are met.

Investors often monitor insider transactions as they can provide insights into executives' perspectives on the company's current valuation and future prospects. The details of these transactions are publicly available and provide transparency into the financial activities of company insiders.

Dayforce, Inc., known for its prepackaged software services, remains a notable entity in the technology sector, and these transactions contribute to the ongoing narrative of executive stock movements within the industry.

InvestingPro Insights

As Dayforce, Inc. (NASDAQ:DAY) continues to navigate the market, recent data from InvestingPro sheds light on the company's financial health and market performance. With a market capitalization of approximately $9.95 billion and a robust gross profit margin of 48.37% over the last twelve months as of Q1 2024, Dayforce stands out in the technology sector.

The company has also seen an impressive revenue growth of 18.97% during the same period, indicating a strong upward trajectory in its financial performance. This is coupled with an operating income margin of 8.46%, which showcases the company's ability to translate sales into profit effectively.

InvestingPro Tips suggest that Dayforce's net income is expected to grow this year, which could be a positive signal for investors considering the recent insider transactions. Additionally, the company's gross profit margins have been identified as impressive, a factor that typically contributes to a company's financial stability and potential for reinvestment and growth.

Investors seeking more detailed analysis and additional InvestingPro Tips can find them at There are currently 13 additional tips listed on InvestingPro, providing further insights into Dayforce's financial metrics and market position. For those interested in a deeper dive into the company's prospects, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

With the next earnings date approaching on July 31, 2024, stakeholders will be keenly watching Dayforce's performance. The InvestingPro Fair Value estimate stands at $64.18, suggesting potential for stock price movement in the eyes of analysts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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