Dayforce (TSE:DAY) Shares Down 1.1% – Here’s Why

Dayforce, Inc. (TSE:DAY) shares traded down 1.1% during mid-day trading on Thursday . The company traded as low as C$95.00 and last traded at C$95.35. 31,035 shares were traded during mid-day trading, a decline of 65% from the average session volume of 88,382 shares. The stock had previously closed at C$96.44.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. TD Cowen raised shares of Dayforce to a “hold” rating in a report on Friday, October 31st. UBS Group lowered Dayforce from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Dayforce Trading Down 1.1%

The company has a market capitalization of C$15.26 billion, a price-to-earnings ratio of -100.37 and a beta of 0.99. The company’s 50 day simple moving average is C$95.34.

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.