Dayforce (NYSE:DAY) Given New $75.00 Price Target at BMO Capital Markets

Dayforce (NYSE:DAY) had its price objective decreased by BMO Capital Markets from $82.00 to $75.00 in a report released on Monday, Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 26.73% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Mizuho lowered their price objective on shares of Dayforce from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday. Barclays decreased 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, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $82.00 price objective on shares of Dayforce in a research report on Thursday, May 2nd. Piper Sandler decreased their target price on Dayforce from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Finally, William Blair reissued an “outperform” rating on shares of Dayforce in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Dayforce presently has an average rating of “Moderate Buy” and an average target price of $73.40.

Dayforce Trading Up 1.7 %

Dayforce stock opened at $59.18 on Monday. Dayforce has a 12 month low of $54.25 and a 12 month high of $75.53. The business has a fifty day simple moving average of $63.86. 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 company has a market cap of $9.34 billion, a price-to-earnings ratio of 179.34, a price-to-earnings-growth ratio of 3.89 and a beta of 1.30.

Dayforce (NYSE:DAY) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.26. The firm had revenue of $399.70 million during the quarter, compared to analysts’ expectations of $400.14 million. Dayforce had a net margin of 3.30% and a return on equity of 5.38%. On average, equities research analysts forecast that Dayforce will post 0.89 EPS for the current fiscal year.

Insider Activity

In related news, COO Christopher R. Armstrong sold 60,000 shares of the business’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 value of $4,148,400.00. Following the completion of the sale, the chief operating officer now owns 149,319 shares in the company, valued at $10,323,915.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.90% of the company’s stock.

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.