William Blair reissued their outperform rating on shares of Dayforce (NYSE:DAY – Free Report) in a report issued on Thursday, Zacks.com reports.
Several other equities analysts have also recently weighed in on DAY. Piper Sandler decreased their target price on shares of Dayforce from $75.00 to $68.00 and set a neutral rating for the company in a research note on Thursday. Needham & Company LLC restated a buy rating and issued a $82.00 price target on shares of Dayforce in a research note on Thursday. Finally, Barclays lowered their price target on shares of Dayforce from $74.00 to $62.00 and set an equal weight rating on the stock in a research report on Thursday.
View Our Latest Analysis on Dayforce
Dayforce Stock Down 0.8 %
Dayforce (NYSE:DAY – Get Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.12 by $0.26. Dayforce had a net margin of 3.30% and a return on equity of 5.38%. The firm had revenue of $399.70 million during the quarter, compared to the consensus estimate of $400.14 million. As a group, equities research analysts expect that Dayforce will post 0.89 earnings per share for the current year.
Insider Activity at Dayforce
In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 149,319 shares in the company, valued at $10,323,915.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.90% of the stock is 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.
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