Dayforce (NYSE:DAY) Price Target Cut to $68.00 by Analysts at Piper Sandler

Dayforce (NYSE:DAY) had its price target trimmed by Piper Sandler from $75.00 to $68.00 in a report published on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also recently weighed in on DAY. Barclays dropped their price target on Dayforce from $75.00 to $74.00 and set an equal weight rating on the stock in a research note on Thursday, February 8th. Needham & Company LLC reissued a buy rating and issued a $82.00 target price on shares of Dayforce in a research report on Thursday, February 8th.

Dayforce Price Performance

Shares of DAY traded down $0.44 during mid-day trading on Thursday, hitting $57.29. The company’s stock had a trading volume of 1,725,027 shares, compared to its average volume of 1,755,743. Dayforce has a fifty-two week low of $54.25 and a fifty-two week high of $75.53. The company has a market cap of $9.05 billion, a PE ratio of 173.70, a price-to-earnings-growth ratio of 2.76 and a beta of 1.30. The company has a 50-day moving average of $64.38. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.07 and a quick ratio of 1.12.

Dayforce (NYSE:DAY) last announced its quarterly earnings data 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 the consensus estimate of $400.14 million. Dayforce had a return on equity of 5.38% and a net margin of 3.30%. As a group, equities analysts anticipate that Dayforce will post 0.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of the company’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 value of $4,148,400.00. Following 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 this link. Corporate insiders own 4.90% of the company’s stock.

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.