Dayforce (DAY) Stock Price, News & Analysis

Company Overview

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. The company also provides payroll and payroll-related services; and implementation and professional services. It sells its solutions through direct sales force and third-party channels. The company was formerly known as Ceridian HCM Holding Inc. and changed its name to Dayforce Inc. in February 2024. Dayforce Inc. was founded in 1992 and is headquartered in Minneapolis, Minnesota.

Key Stats

• Today's Range: $73.94 to $76.29
• 50-Day Range: $57.90 to $81.14
• 52-Week Range: $47.08 to $81.32
• Volume: 955,722 shs
• Average Volume: 1.60 million shs
• Market Capitalization: $11.97 billion
• P/E Ratio: 230.04
• Dividend Yield: N/A
• Price Target: $78.77
• Consensus Rating: Moderate Buy

Dayforce Stock Analysis - MarketRank™

Dayforce scored higher than 48% of companies evaluated by MarketBeat, and ranked 451st out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Dayforce has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Dayforce has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 29.91%

Earnings Growth

Earnings for Dayforce are expected to grow by 29.91% in the coming year, from $1.07 to $1.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Dayforce is 230.04, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Dayforce is 230.04, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 258.14.

Price to Earnings Growth Ratio

Dayforce has a PEG Ratio of 3.50. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Dayforce has a P/B Ratio of 4.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.69% of the float of Dayforce has been sold short.

Short Interest Ratio / Days to Cover

Dayforce has a short interest ratio ("days to cover") of 10.3, which indicates bearish sentiment.

Change versus previous month

Short interest in Dayforce has recently decreased by 6.50%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Dayforce does not currently pay a dividend.

Dividend Growth

Dayforce does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.69% of the float of Dayforce has been sold short.

Short Interest Ratio / Days to Cover

Dayforce has a short interest ratio ("days to cover") of 10.3, which indicates bearish sentiment.

Change versus previous month

Short interest in Dayforce has recently decreased by 6.50%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.69

News Sentiment

Dayforce has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Dayforce this week, compared to 6 articles on an average week.

Search Interest

Only 1 people have searched for DAY on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

5 people have added Dayforce to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Dayforce insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $460,877.00 in company stock.

Percentage Held by Insiders

Only 4.90% of the stock of Dayforce is held by insiders.

DAY Stock Analysis - Frequently Asked Questions

How have DAY shares performed this year?

Dayforce's stock was trading at $71.42 at the beginning of the year. Since then, DAY stock has increased by 6.3% and is now trading at $75.91.
View the best growth stocks for 2024 here.

Who are Dayforce's major shareholders?

Top institutional investors of Dayforce include EdgePoint Investment Group Inc. (6.74%), Janus Henderson Group PLC (3.59%), Geode Capital Management LLC (2.40%) and Bamco Inc. NY (2.24%). Insiders that own company stock include Christopher R Armstrong, Stephen H Holdridge and Jeffrey Scott Jacobs.
View institutional ownership trends.

How do I buy shares of Dayforce?

Shares of DAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Dayforce own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Dayforce investors own include American Water Works (AWK), AUO (AUOTY), The RMR Group (RMR), Waste Connections (WCN), DiamondRock Hospitality (DRH), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NYSE:DAY
• Previous Symbol: NYSE:DAY
• CUSIP: N/A
• CIK: 1725057
• Web: www.ceridian.com
• Phone: 952-853-8100
• Fax: N/A
• Employees: 9,084
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $78.77
• High Stock Price Target: $95.00
• Low Stock Price Target: $52.00
• Potential Upside/Downside: +3.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.33
• Trailing P/E Ratio: 230.04
• Forward P/E Ratio: 70.94
• P/E Growth: 3.5
• Net Income: $54.80 million
• Net Margins: 3.12%
• Pretax Margin: 4.26%
• Return on Equity: 6.69%
• Return on Assets: 1.79%

Debt

• Debt-to-Equity Ratio: 0.47
• Current Ratio: 1.15
• Quick Ratio: 1.15

Sales & Book Value

• Annual Sales: $1.51 billion
• Price / Sales: 7.91
• Cash Flow: $1.55 per share
• Price / Cash Flow: 48.86
• Book Value: $15.34 per share
• Price / Book: 4.95

Miscellaneous

• Outstanding Shares: 157,700,000
• Free Float: 149,973,000
• Market Cap: $11.97 billion
• Optionable: N/A
• Beta: 1.27