Dayforce (NYSE:DAY - Get Free Report) had its price objective decreased by Barclays from $80.00 to $69.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target indicates a potential upside of 5.07% from the stock's previous close.
Other analysts have also issued reports about the company. Citigroup lowered their price objective on Dayforce from $90.00 to $83.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Piper Sandler restated an "overweight" rating and set a $83.00 price objective (down from $94.00) on shares of Dayforce in a research note on Wednesday, February 5th. Mizuho raised their target price on Dayforce from $85.00 to $95.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Needham & Company LLC upped their price target on shares of Dayforce from $82.00 to $95.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Finally, KeyCorp lifted their price objective on shares of Dayforce from $80.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $78.64.
View Our Latest Analysis on DAY
Dayforce Stock Up 1.0 %
Shares of NYSE DAY traded up $0.64 during midday trading on Thursday, reaching $65.67. 846,621 shares of the company's stock were exchanged, compared to its average volume of 1,717,000. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13. Dayforce has a 52-week low of $47.08 and a 52-week high of $82.69. The business's fifty day moving average price is $73.05 and its two-hundred day moving average price is $66.66. The stock has a market capitalization of $10.36 billion, a PE ratio of 597.04, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.
Dayforce (NYSE:DAY - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%. Analysts forecast that Dayforce will post 1.41 EPS for the current year.
Insider Transactions at Dayforce
In other news, CEO David D. Ossip sold 858,697 shares of Dayforce stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the transaction, the chief executive officer now owns 794,527 shares in the company, valued at approximately $63,204,622.85. The trade was a 51.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $76.26, for a total value of $76,260.00. Following the completion of the sale, the chief operating officer now directly owns 121,022 shares of the company's stock, valued at approximately $9,229,137.72. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 860,697 shares of company stock valued at $68,456,936 over the last three months. Company insiders own 4.90% of the company's stock.
Institutional Trading of Dayforce
A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new stake in shares of Dayforce in the 3rd quarter valued at approximately $40,000. Quarry LP acquired a new position in shares of Dayforce during the 3rd quarter worth $51,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Dayforce during the 3rd quarter valued at $74,000. AlphaQuest LLC lifted its stake in shares of Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company's stock valued at $76,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company's stock valued at $89,000 after purchasing an additional 501 shares during the last quarter.
About Dayforce
(
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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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