Dayforce (DAY) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Dayforce (NYSE: DAY) in the last few weeks:

• 5/6/2024 – Dayforce had its price target lowered by analysts at BMO Capital Markets from $82.00 to $75.00. They now have an “outperform” rating on the stock.
• 5/6/2024 – Dayforce had its price target lowered by analysts at Mizuho from $95.00 to $80.00. They now have a “buy” rating on the stock.
• 5/2/2024 – Dayforce had its “outperform” rating reaffirmed by analysts at William Blair.
• 5/2/2024 – Dayforce had its price target lowered by analysts at Piper Sandler from $75.00 to $68.00. They now have a “neutral” rating on the stock.
• 5/2/2024 – Dayforce had its price target lowered by analysts at Barclays PLC from $74.00 to $62.00. They now have an “equal weight” rating on the stock.
• 5/2/2024 – Dayforce had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $82.00 price target on the stock.

Dayforce Stock Down 0.4 %

NYSE DAY opened at $58.96 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.07. Dayforce Inc has a fifty-two week low of $54.25 and a fifty-two week high of $75.53. The business has a 50 day moving average of $63.62. The stock has a market cap of $9.31 billion, a PE ratio of 178.67, a PEG ratio of 3.89 and a beta of 1.30.

Dayforce (NYSE:DAY) last released its earnings results on Wednesday, February 7th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.26. The company had revenue of $399.70 million during the quarter, compared to the consensus estimate of $400.14 million. Dayforce had a net margin of 3.30% and a return on equity of 5.38%. Sell-side analysts anticipate that Dayforce Inc will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 149,319 shares of the company’s stock, valued at $10,323,915.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.90% of the stock is owned by company insiders.

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.