Dayforce (NYSE:DAY) PT Lowered to $75.00 at BMO Capital Markets

Dayforce (NYSE:DAY) had its price target decreased by BMO Capital Markets from $82.00 to $75.00 in a research report sent to investors on Monday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other analysts have also recently commented on the stock. Mizuho lowered their target price on shares of Dayforce from $95.00 to $80.00 and set a buy rating for the company in a research note on Monday. William Blair reiterated an outperform rating on shares of Dayforce in a research note on Thursday, May 2nd. Needham & Company LLC reissued a buy rating and issued a $82.00 target price on shares of Dayforce in a research report on Thursday, May 2nd. Piper Sandler reduced their target price on Dayforce from $75.00 to $68.00 and set a neutral rating for the company in a research note on Thursday, May 2nd. Finally, Barclays dropped their price target on Dayforce from $74.00 to $62.00 and set an equal weight rating on the stock in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Dayforce currently has an average rating of Moderate Buy and an average target price of $73.40.

Dayforce Trading Down 0.4 %

Shares of DAY opened at $58.96 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 market cap of $9.31 billion, a price-to-earnings ratio of 178.67, a PEG ratio of 3.89 and a beta of 1.30. Dayforce has a 12 month low of $54.25 and a 12 month high of $75.53. The firm’s fifty day simple moving average is $63.62.

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

Insider Activity at Dayforce

In related news, COO Christopher R. Armstrong sold 60,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 149,319 shares of the company’s stock, valued at $10,323,915.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is currently owned by insiders.

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.