Dayforce (NYSE:DAY – Get Free Report) had its price objective decreased by analysts at Barclays from $74.00 to $62.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 11.69% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price objective on shares of Dayforce in a report on Thursday. Piper Sandler lowered their price objective on shares of Dayforce from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday.
Check Out Our Latest Research Report on DAY
Dayforce Price Performance
Dayforce (NYSE:DAY – Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.26. The business had revenue of $399.70 million for the quarter, compared to the consensus estimate of $400.14 million. Dayforce had a net margin of 3.62% and a return on equity of 4.47%. On average, sell-side analysts predict that Dayforce will post 0.85 EPS for the current year.
Insider Activity at Dayforce
In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of Dayforce stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.14, for a total transaction of $4,148,400.00. Following the completion of the transaction, 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 SEC, which is available at the SEC website. 4.90% of the stock is owned by company insiders.
About Dayforce
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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