Dayforce (NYSE:DAY) Given New $68.00 Price Target at Piper Sandler

Dayforce (NYSE:DAY) had its price objective decreased by Piper Sandler from $75.00 to $68.00 in a research note released on Thursday, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other research firms also recently commented on DAY. Barclays reduced their price target on shares of Dayforce from $75.00 to $74.00 and set an equal weight rating for the company in a report on Thursday, February 8th. Needham & Company LLC reaffirmed a buy rating and set a $82.00 price objective on shares of Dayforce in a research report on Thursday, February 8th.

Dayforce Stock Performance

NYSE DAY traded down $0.44 during trading on Thursday, hitting $57.29. The stock had a trading volume of 1,725,027 shares, compared to its average volume of 1,755,743. The firm’s 50 day moving average price is $64.38. Dayforce has a one year low of $54.25 and a one year high of $75.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.07 and a quick ratio of 1.12. The stock 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.

Dayforce (NYSE:DAY) last released its 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 business 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%. On average, sell-side analysts predict that Dayforce will post 0.87 EPS for the current year.

Insider Buying and Selling

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

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.