Dayforce (NYSE:DAY) Announces Quarterly Earnings Results

Dayforce (NYSE:DAY - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.09), Zacks reports. Dayforce had a return on equity of 6.49% and a net margin of 1.03%. Dayforce updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Dayforce Stock Down 1.0 %

NYSE:DAY traded down $0.66 during mid-day trading on Friday, reaching $65.02. The company's stock had a trading volume of 1,522,820 shares, compared to its average volume of 1,812,263. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. Dayforce has a 1 year low of $47.08 and a 1 year high of $82.69. The stock has a fifty day moving average of $73.05 and a 200-day moving average of $66.55. The firm has a market capitalization of $10.25 billion, a PE ratio of 591.10, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

Insider Buying and Selling 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 value of $68,309,346.35. Following the transaction, the chief executive officer now directly owns 794,527 shares in the company, valued at approximately $63,204,622.85. This trade represents a 51.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $76.26, for a total value of $76,260.00. Following the sale, the chief operating officer now owns 121,022 shares of the company's stock, valued at $9,229,137.72. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 860,697 shares of company stock valued at $68,456,936. Company insiders own 4.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DAY shares. Needham & Company LLC reiterated a "buy" rating and issued a $95.00 price target on shares of Dayforce in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 target price (down previously from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. KeyCorp boosted their price target on Dayforce from $80.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Piper Sandler reaffirmed an "overweight" rating and set a $83.00 price objective (down from $94.00) on shares of Dayforce in a report on Wednesday. Finally, Stifel Nicolaus lowered their target price on shares of Dayforce from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Dayforce currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.64.

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.