Dayforce (NYSE:DAY) Given New $62.00 Price Target at Barclays

Dayforce (NYSE:DAY) had its price objective reduced by Barclays from $74.00 to $62.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Needham & Company LLC reissued a buy rating and issued a $82.00 target price on shares of Dayforce in a research report on Thursday. Piper Sandler decreased their target price on shares of Dayforce from $75.00 to $68.00 and set a neutral rating on the stock in a research report on Thursday.

Dayforce Trading Down 0.8 %

DAY stock traded down $0.44 during mid-day trading on Thursday, hitting $57.29. 1,725,027 shares of the company were exchanged, compared to its average volume of 1,755,743. Dayforce has a 1-year low of $54.25 and a 1-year high of $75.53. The firm has a market cap of $9.05 billion, a PE ratio of 173.70, a PEG ratio of 2.76 and a beta of 1.30. The business has a 50 day simple moving average of $64.38. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.50.

Dayforce (NYSE:DAY) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate 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%. Equities research analysts expect that Dayforce will post 0.87 earnings per share for the current year.

Insider Transactions at Dayforce

In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $69.14, for a total value of $4,148,400.00. Following the transaction, the chief operating officer now directly owns 149,319 shares of the company’s stock, valued at approximately $10,323,915.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.