Dayforce (DAY) Expected to Announce Earnings on Wednesday

Dayforce (NYSE:DAY) is anticipated to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect Dayforce to post earnings of $0.46 per share and revenue of $455.00 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Dayforce Stock Up 2.5 %

DAY opened at $74.13 on Wednesday. The stock has a market cap of $11.69 billion, a P/E ratio of 224.64, a P/E/G ratio of 2.56 and a beta of 1.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. Dayforce has a 12 month low of $47.08 and a 12 month high of $82.69. The stock’s 50 day moving average price is $74.72 and its 200 day moving average price is $65.65.

Insider Buying and Selling

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $76.26, for a total value of $76,260.00. Following the transaction, the chief operating officer now owns 121,022 shares in the company, valued at approximately $9,229,137.72. This represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David D. Ossip sold 858,697 shares of Dayforce stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the sale, the chief executive officer now directly owns 794,527 shares of the company’s stock, valued at $63,204,622.85. This trade represents a 51.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 861,697 shares of company stock valued at $68,533,936. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

DAY has been the subject of several recent analyst reports. Stifel Nicolaus increased their price objective on shares of Dayforce from $82.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reiterated an “overweight” rating and issued a $94.00 target price (up from $82.00) on shares of Dayforce in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. TD Cowen lifted their price target on shares of Dayforce from $58.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, October 7th. Finally, Needham & Company LLC raised their price objective on Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $80.07.

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.