William Blair Has Optimistic Outlook of Dayforce Q1 Earnings

Dayforce Inc (NYSE:DAY - Free Report) - Equities research analysts at William Blair upped their Q1 2025 earnings per share (EPS) estimates for Dayforce in a note issued to investors on Friday, November 22nd. William Blair analyst J. Roberge now anticipates that the company will post earnings per share of $0.39 for the quarter, up from their previous forecast of $0.38. The consensus estimate for Dayforce's current full-year earnings is $1.07 per share.

Other research analysts have also issued research reports about the company. Mizuho raised their target price on Dayforce from $85.00 to $95.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Needham & Company LLC raised their target price on Dayforce from $82.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Citigroup raised their target price on Dayforce from $75.00 to $81.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Piper Sandler restated an "overweight" rating and issued a $94.00 target price (up previously from $82.00) on shares of Dayforce in a report on Wednesday, November 13th. Finally, Barclays raised their target price on Dayforce from $70.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.77.

Dayforce Stock Up 2.6 %

NYSE:DAY traded up $2.04 on Monday, hitting $81.83. The stock had a trading volume of 2,987,458 shares, compared to its average volume of 1,604,815. The business's fifty day moving average is $67.31 and its 200 day moving average is $58.80. The company has a market cap of $12.90 billion, a PE ratio of 247.98, a P/E/G ratio of 3.75 and a beta of 1.27. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce has a 52 week low of $47.08 and a 52 week high of $82.69.

Hedge Funds Weigh In On Dayforce

Hedge funds have recently made changes to their positions in the stock. Bleakley Financial Group LLC grew its position in Dayforce by 9.9% during the third quarter. Bleakley Financial Group LLC now owns 4,867 shares of the company's stock worth $298,000 after buying an additional 439 shares in the last quarter. Quent Capital LLC purchased a new position in Dayforce during the third quarter worth about $28,000. Financial Perspectives Inc purchased a new position in Dayforce during the second quarter worth about $28,000. HighTower Advisors LLC grew its position in Dayforce by 11.0% during the third quarter. HighTower Advisors LLC now owns 6,083 shares of the company's stock worth $368,000 after buying an additional 602 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in Dayforce by 1.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 56,294 shares of the company's stock worth $3,448,000 after buying an additional 640 shares in the last quarter.

Insiders Place Their Bets

In other news, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the transaction, the insider now directly owns 34,074 shares in the company, valued at approximately $2,159,269.38. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction on Friday, November 15th. The shares were sold at an average price of $76.26, for a total value of $76,260.00. Following the completion of the transaction, the chief operating officer now owns 121,022 shares of the company's stock, valued at approximately $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. Insiders sold 6,643 shares of company stock valued at $460,877 over the last ninety days. 4.90% of the stock is currently owned by insiders.

Dayforce Company Profile

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.