Shares of Dayforce Inc (NYSE:DAY – Get Free Report) rose 5.5% during trading on Wednesday . The company traded as high as $62.24 and last traded at $61.83. Approximately 1,311,240 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 1,368,799 shares. The stock had previously closed at $58.60.
Analyst Ratings Changes
DAY has been the subject of a number of analyst reports. Piper Sandler boosted their price target on Dayforce from $73.00 to $75.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Barclays lowered their target price on Dayforce from $75.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, February 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $82.00 target price on shares of Dayforce in a research note on Thursday, February 8th.
Get Our Latest Stock Report on Dayforce
Dayforce Stock Down 3.6 %
Dayforce (NYSE:DAY – Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.26. The company had revenue of $399.70 million for the quarter, compared to analysts’ expectations of $400.14 million. Dayforce had a return on equity of 4.47% and a net margin of 3.62%. As a group, analysts predict that Dayforce Inc will post 0.85 earnings per share for the current fiscal year.
Insider Transactions at Dayforce
In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $69.14, for a total transaction of $4,148,400.00. Following the completion of the transaction, the chief operating officer now owns 149,319 shares in the company, valued at approximately $10,323,915.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.90% of the company’s stock.
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.
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