Dayforce (NYSE:DAY – Get Free Report)‘s stock had its “outperform” rating reaffirmed by investment analysts at William Blair in a research note issued to investors on Thursday, Zacks.com reports.
A number of other equities analysts have also issued reports on DAY. Piper Sandler decreased their target price on shares of Dayforce from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Dayforce in a research note on Thursday. Finally, Barclays dropped their target price on shares of Dayforce from $74.00 to $62.00 and set an “equal weight” rating on the stock in a report on Thursday.
Check Out Our Latest Stock Analysis on DAY
Dayforce Stock Down 0.7 %
Dayforce (NYSE:DAY – Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.26. Dayforce had a net margin of 3.30% and a return on equity of 5.38%. The business had revenue of $399.70 million for the quarter, compared to analysts’ expectations of $400.14 million. Equities analysts forecast that Dayforce will post 0.85 EPS for the current fiscal year.
Insider Transactions at Dayforce
In related 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 completion of the transaction, the chief operating officer now owns 149,319 shares in the company, valued at approximately $10,323,915.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is owned by insiders.
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.
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