Dayforce (NYSE:DAY) Price Target Cut to $75.00

Dayforce (NYSE:DAY) had its price objective decreased by BMO Capital Markets from $82.00 to $75.00 in a research note issued to investors on Monday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

DAY has been the topic of a number of other research reports. Needham & Company LLC restated a buy rating and set a $82.00 price objective on shares of Dayforce in a research note on Thursday, May 2nd. Mizuho cut their price objective on shares of Dayforce from $95.00 to $80.00 and set a buy rating for the company in a research report on Monday. Barclays decreased 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, May 2nd. Piper Sandler cut their price target on shares of Dayforce from $75.00 to $68.00 and set a neutral rating for the company in a report on Thursday, May 2nd. Finally, William Blair reiterated an outperform rating on shares of Dayforce in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $73.40.

Dayforce Trading Down 0.4 %

NYSE DAY opened at $58.96 on Monday. The firm has a market cap of $9.31 billion, a P/E ratio of 178.67, a PEG ratio of 3.89 and a beta of 1.30. Dayforce has a 12 month low of $54.25 and a 12 month high of $75.53. The firm has a 50 day moving average of $63.62. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50.

Dayforce (NYSE:DAY) last released 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 return on equity of 5.38% and a net margin of 3.30%. The business had revenue of $399.70 million during the quarter, compared to the consensus estimate of $400.14 million. As a group, sell-side analysts predict that Dayforce will post 0.89 EPS for the current fiscal year.

Insider Buying and Selling at Dayforce

In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of the company’s stock in a transaction dated 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 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 this link. Company insiders own 4.90% of the company’s stock.

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.