Shares of Dayforce Inc (NYSE:DAY - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $48.65 and last traded at $49.73, with a volume of 417699 shares trading hands. The stock had previously closed at $49.16.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. William Blair restated an "outperform" rating on shares of Dayforce in a report on Thursday, May 2nd. Barclays dropped their price objective on Dayforce from $74.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $82.00 price objective on shares of Dayforce in a report on Thursday, May 2nd. Piper Sandler restated a "neutral" rating and set a $68.00 target price on shares of Dayforce in a report on Thursday, May 16th. Finally, Piper Sandler Companies reiterated a "neutral" rating and issued a $68.00 price target on shares of Dayforce in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Dayforce has an average rating of "Moderate Buy" and a consensus price target of $71.57.
Check Out Our Latest Research Report on Dayforce
Dayforce Price Performance
The company has a market capitalization of $7.87 billion, a PE ratio of 151.10, a P/E/G ratio of 3.29 and a beta of 1.25. The business has a 50-day simple moving average of $56.71. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.50.
Dayforce (NYSE:DAY - Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $431.50 million for the quarter, compared to the consensus estimate of $426.15 million. Dayforce had a return on equity of 5.38% and a net margin of 3.30%. As a group, analysts expect that Dayforce Inc will post 0.9 earnings per share for the current fiscal year.
Insider Activity
In related news, COO Christopher R. Armstrong sold 60,000 shares of Dayforce stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.14, for a total transaction of $4,148,400.00. Following the completion of 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 accessible through the SEC website. 4.90% of the stock is owned by company insiders.
About Dayforce
(Get Free Report)
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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