Equities Analysts Set Expectations for Dayforce Q1 Earnings

Dayforce Inc (NYSE:DAY) – Equities research analysts at William Blair increased their Q1 2025 earnings per share estimates for shares of Dayforce in a research report issued to clients and investors on Friday, November 22nd. William Blair analyst J. Roberge now forecasts that the company will earn $0.39 per share for the quarter, up from their prior estimate of $0.38. The consensus estimate for Dayforce’s current full-year earnings is $1.07 per share.

DAY has been the topic of several other research reports. Needham & Company LLC boosted their target price on Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Piper Sandler reissued an “overweight” rating and issued a $94.00 price objective (up previously from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Barclays increased their target price on shares of Dayforce from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. BMO Capital Markets lifted their price target on shares of Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, TD Cowen increased their price objective on shares of Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Monday, October 7th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.77.

Dayforce Stock Performance

Shares of Dayforce stock opened at $79.70 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 241.52, a price-to-earnings-growth ratio of 3.75 and a beta of 1.27. Dayforce has a one year low of $47.08 and a one year high of $82.69. The stock’s 50-day moving average is $68.17 and its 200-day moving average is $59.10.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DAY. Tidal Investments LLC grew its position in Dayforce by 85.6% during the third quarter. Tidal Investments LLC now owns 28,359 shares of the company’s stock worth $1,737,000 after buying an additional 13,078 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Dayforce by 17.7% during the 3rd quarter. Toronto Dominion Bank now owns 53,305 shares of the company’s stock valued at $3,265,000 after acquiring an additional 8,035 shares during the period. Geode Capital Management LLC grew its holdings in shares of Dayforce by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,782,024 shares of the company’s stock worth $230,875,000 after purchasing an additional 30,302 shares in the last quarter. M&T Bank Corp bought a new position in shares of Dayforce in the third quarter worth $505,000. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Dayforce by 16.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 43,430 shares of the company’s stock worth $2,660,000 after purchasing an additional 6,022 shares during the period.

Insider Buying and Selling

In other Dayforce news, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the sale, the insider now owns 34,074 shares in the company, valued at $2,159,269.38. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 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 $63,370.00. Following the completion of the sale, the chief operating officer now directly owns 101,437 shares of the company’s stock, valued at $6,428,062.69. This represents a 0.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,643 shares of company stock valued at $460,877. Company insiders own 4.90% of the company’s stock.

About Dayforce

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.