Dayforce (TSE:DAY) Stock Price Up 1.3% – Here’s Why

Dayforce, Inc. (TSE:DAY)’s share price shot up 1.3% on Wednesday . The company traded as high as C$97.69 and last traded at C$96.44. 27,589 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 90,772 shares. The stock had previously closed at C$95.19.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DAY shares. UBS Group downgraded Dayforce from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 15th. TD Cowen upgraded Dayforce to a “hold” rating in a research report on Friday, October 31st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Dayforce Price Performance

The company has a market cap of C$15.43 billion, a price-to-earnings ratio of -101.52 and a beta of 0.99. The stock’s fifty day simple moving average is C$95.52.

About Dayforce

Dayforce, Inc is a global human capital management (HCM) software company. The Company’s Dayforce, which is a flagship cloud HCM platform, provides a full suite of HCM functionality, including global human resources (HR), payroll and tax, workforce management, benefits, and talent intelligence functionality. The Company also sells Powerpay, a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels. Dayforce Human Resources provides HR professionals, managers, and employees a single, complete record of all of their HR information.