Dayforce (NYSE:DAY) Earns Outperform Rating from BMO Capital Markets

BMO Capital Markets reissued their outperform rating on shares of Dayforce (NYSE:DAYFree Report) in a research report report published on Tuesday, MarketBeat reports. The firm currently has a $75.00 target price on the stock.

Several other research firms have also weighed in on DAY. Piper Sandler restated a neutral rating and set a $68.00 price objective on shares of Dayforce in a research report on Thursday, May 16th. Piper Sandler Companies reissued a neutral rating and issued a $68.00 price target on shares of Dayforce in a research report on Friday, May 17th. William Blair reissued an outperform rating on shares of Dayforce in a research report on Thursday, May 2nd. Barclays reduced their price target 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. Finally, Needham & Company LLC reaffirmed a buy rating and set a $82.00 price objective on shares of Dayforce in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $72.50.

Check Out Our Latest Research Report on Dayforce

Dayforce Stock Down 2.5 %

Shares of DAY opened at $51.02 on Tuesday. The firm has a 50-day moving average of $57.99. The company has a market cap of $8.06 billion, a price-to-earnings ratio of 154.61, a PEG ratio of 3.49 and a beta of 1.25. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.50. Dayforce has a 52-week low of $48.77 and a 52-week high of $75.53.

Dayforce (NYSE:DAYGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $426.15 million. On average, equities analysts expect that Dayforce will post 0.88 EPS for the current year.

Insider Buying and Selling at Dayforce

In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of the 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 $10,323,915.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.90% of the company’s stock.

About Dayforce

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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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Analyst Recommendations for Dayforce (NYSE:DAY)

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