Dayforce (NYSE:DAY) Stock Price Up 5.5%

Dayforce Inc (NYSE:DAY) rose 5.5% during trading on Wednesday . The stock traded as high as $62.24 and last traded at $61.83. Approximately 1,311,240 shares changed hands during 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

Several equities research analysts recently issued reports on the company. Barclays decreased their price target on 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 reiterated a “buy” rating and set a $82.00 price target on shares of Dayforce in a report on Thursday, February 8th. Finally, Piper Sandler boosted their price objective on Dayforce from $73.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th.

Dayforce Trading Down 3.6 %

The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.12. The company’s 50-day simple moving average is $67.13. The stock has a market capitalization of $9.14 billion, a PE ratio of 174.20, a PEG ratio of 3.01 and a beta of 1.30.

Dayforce (NYSE:DAY) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.26. Dayforce had a return on equity of 4.47% and a net margin of 3.62%. The company had revenue of $399.70 million for the quarter, compared to analyst estimates of $400.14 million. On average, equities analysts predict that Dayforce Inc will post 0.85 earnings per share for the current year.

Insider Activity at Dayforce

In other Dayforce news, COO Christopher R. Armstrong sold 60,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was 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 directly owns 149,319 shares in the company, valued at approximately $10,323,915.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.90% of the stock is currently owned by corporate 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.