Dayforce (NYSE:DAY) Price Target Lowered to $80.00 at Mizuho

Dayforce (NYSE:DAY) had its target price decreased by research analysts at Mizuho from $95.00 to $80.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Mizuho’s price objective indicates a potential upside of 35.18% from the company’s previous close.

Several other brokerages also recently issued reports on DAY. William Blair reissued an “outperform” rating on shares of Dayforce in a research note on Thursday, May 2nd. Barclays decreased their price target on Dayforce from $74.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $82.00 price objective on shares of Dayforce in a research report on Thursday, May 2nd. Finally, Piper Sandler decreased their target price on Dayforce from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.40.

Dayforce Stock Up 1.7 %

Shares of DAY opened at $59.18 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a fifty day moving average of $63.86. The company has a market capitalization of $9.34 billion, a P/E ratio of 179.34, a PEG ratio of 3.89 and a beta of 1.30. Dayforce has a 52-week low of $54.25 and a 52-week high of $75.53.

Dayforce (NYSE:DAY) last released its earnings results on Wednesday, February 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.26. The firm had revenue of $399.70 million during the quarter, compared to analyst estimates of $400.14 million. Dayforce had a net margin of 3.30% and a return on equity of 5.38%. As a group, research analysts anticipate that Dayforce will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Christopher R. Armstrong sold 60,000 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $10,323,915.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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.