Dayforce Inc (NYSE:DAY - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $54.07 and last traded at $54.10, with a volume of 1302418 shares. The stock had previously closed at $56.16.
Analysts Set New Price Targets
DAY has been the topic of a number of recent research reports. Barclays dropped their target price on Dayforce from $74.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 2nd. Piper Sandler restated a "neutral" rating and issued a $68.00 target price on shares of Dayforce in a report on Thursday, May 16th. William Blair restated an "outperform" rating on shares of Dayforce in a report on Thursday, May 2nd. BMO Capital Markets dropped their target price on Dayforce from $82.00 to $75.00 and set an "outperform" rating on the stock in a report on Monday, May 6th. Finally, Mizuho dropped their target price on Dayforce from $95.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, May 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Dayforce has a consensus rating of "Moderate Buy" and an average price target of $72.50.
View Our Latest Research Report on DAY
Dayforce Stock Performance
The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The firm's 50 day moving average price is $62.03. The company has a market capitalization of $8.56 billion, a P/E ratio of 164.19, a P/E/G ratio of 3.86 and a beta of 1.30.
Dayforce (NYSE:DAY - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.02). Dayforce had a net margin of 3.30% and a return on equity of 5.38%. The business had revenue of $431.50 million for the quarter, compared to analysts' expectations of $426.15 million. As a group, research analysts expect that Dayforce Inc will post 0.88 EPS for the current year.
Insiders Place Their Bets
In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of the company's stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $69.14, for a total transaction of $4,148,400.00. Following the transaction, the chief operating officer now owns 149,319 shares in the company, valued at approximately $10,323,915.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.90% of the company's stock.
About Dayforce
(Get Free Report)
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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