Dayforce (NYSE:DAY) Sets New 12-Month Low at $55.30

Shares of Dayforce Inc (NYSE:DAY) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $55.30 and last traded at $55.69, with a volume of 288555 shares traded. The stock had previously closed at $61.37.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Piper Sandler lowered their price objective on shares of Dayforce from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday. Barclays lowered their price objective on shares of Dayforce from $74.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $82.00 price objective on shares of Dayforce in a research report on Thursday.

Dayforce Trading Up 0.1 %

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average is $64.66. The firm has a market cap of $8.98 billion, a PE ratio of 164.95, a price-to-earnings-growth ratio of 3.01 and a beta of 1.30.

Dayforce (NYSE:DAY) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.26. Dayforce had a net margin of 3.62% and a return on equity of 4.47%. The firm had revenue of $399.70 million during the quarter, compared to analysts’ expectations of $400.14 million. On average, equities research analysts expect that Dayforce Inc will post 0.85 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Christopher R. Armstrong sold 60,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were 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 approximately $10,323,915.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.90% of the company’s stock.

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.