Dayforce (NYSE:DAY - Get Free Report) had its target price decreased by equities researchers at Citigroup from $72.00 to $66.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price target points to a potential upside of 34.31% from the company's current price.
Other equities research analysts have also issued reports about the company. Piper Sandler reiterated a "neutral" rating and issued a $68.00 price objective on shares of Dayforce in a research note on Thursday, May 16th. Needham & Company LLC reiterated a "buy" rating and issued a $82.00 price objective on shares of Dayforce in a research note on Thursday, May 2nd. Mizuho lowered their price objective on Dayforce from $95.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, May 6th. BMO Capital Markets reiterated an "outperform" rating and issued a $75.00 price objective on shares of Dayforce in a research note on Tuesday, June 11th. Finally, William Blair reiterated an "outperform" rating on shares of Dayforce in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.57.
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Dayforce Trading Down 1.8 %
DAY traded down $0.88 on Tuesday, hitting $49.14. 1,501,577 shares of the stock traded hands, compared to its average volume of 1,540,465. Dayforce has a 52 week low of $48.77 and a 52 week high of $75.53. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.50. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 148.91, a PEG ratio of 3.47 and a beta of 1.26. The business has a fifty day moving average of $57.23.
Dayforce (NYSE:DAY - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Dayforce had a net margin of 3.30% and a return on equity of 5.38%. The company had revenue of $431.50 million during the quarter, compared to the consensus estimate of $426.15 million. On average, equities research analysts forecast that Dayforce will post 0.88 EPS for the current fiscal year.
Insider Transactions at Dayforce
In other news, COO Christopher R. Armstrong sold 60,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 149,319 shares of the company's stock, valued at approximately $10,323,915.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.90% of the stock is owned by company insiders.
Dayforce Company Profile
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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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