Dayforce (NYSE:DAY) Price Target Cut to $80.00

Dayforce (NYSE:DAY) had its target price trimmed by Mizuho from $95.00 to $80.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on DAY. Piper Sandler lowered their price objective on Dayforce from $75.00 to $68.00 and set a neutral rating on the stock in a research report on Thursday, May 2nd. William Blair reaffirmed an outperform rating on shares of Dayforce in a report on Thursday, May 2nd. Needham & Company LLC restated a buy rating and issued a $82.00 price target on shares of Dayforce in a research report on Thursday, May 2nd. Finally, Barclays cut their price objective on shares of Dayforce from $74.00 to $62.00 and set an equal weight rating for the company in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $73.40.

Dayforce Stock Down 0.4 %

NYSE:DAY opened at $58.96 on Monday. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 178.67, a price-to-earnings-growth ratio of 3.89 and a beta of 1.30. Dayforce has a twelve month low of $54.25 and a twelve month high of $75.53. The business’s 50 day moving average is $63.62. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.07 and a quick ratio of 1.07.

Dayforce (NYSE:DAY) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.26. The business had revenue of $399.70 million during the quarter, compared to analysts’ expectations of $400.14 million. Dayforce had a return on equity of 5.38% and a net margin of 3.30%. As a group, analysts anticipate that Dayforce will post 0.89 earnings per share for the current year.

Insider Activity

In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 149,319 shares of the company’s stock, valued at $10,323,915.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.90% of the company’s stock.

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.