Shares of Dayforce Inc (NYSE:DAY – Get Free Report) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $69.75.
A number of brokerages have weighed in on DAY. Jefferies Financial Group increased their price target on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. KeyCorp assumed coverage on Dayforce in a research note on Tuesday, September 24th. They issued an “overweight” rating and a $70.00 price target on the stock. TD Cowen upped their price objective on shares of Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, October 7th. Piper Sandler raised shares of Dayforce from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $71.00 in a research report on Wednesday, July 31st. Finally, Citigroup upped their price target on shares of Dayforce from $74.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th.
View Our Latest Stock Report on Dayforce
Insider Transactions at Dayforce
Institutional Trading of Dayforce
Several large investors have recently modified their holdings of the business. Financial Perspectives Inc purchased a new position in shares of Dayforce during the 2nd quarter valued at approximately $28,000. Quent Capital LLC bought a new position in Dayforce during the 3rd quarter valued at $28,000. Sentry Investment Management LLC acquired a new position in Dayforce during the 2nd quarter worth $33,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Dayforce in the 2nd quarter worth about $62,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Dayforce in the 2nd quarter valued at about $66,000.
Dayforce Stock Down 0.3 %
DAY opened at $64.84 on Monday. The firm has a market cap of $10.24 billion, a P/E ratio of 196.48, a PEG ratio of 2.23 and a beta of 1.29. The business’s fifty day simple moving average is $59.72 and its 200 day simple moving average is $56.60. Dayforce has a 52 week low of $47.08 and a 52 week high of $74.66. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.49.
Dayforce (NYSE:DAY – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. The business had revenue of $423.30 million during the quarter, compared to analyst estimates of $417.41 million. As a group, equities research analysts anticipate that Dayforce will post 1.07 EPS for the current fiscal year.
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.
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