Needham & Company LLC reiterated their buy rating on shares of Dayforce (NYSE:DAY – Free Report) in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a $82.00 price objective on the stock.
A number of other equities analysts have also weighed in on the company. Piper Sandler reduced their price objective on Dayforce from $75.00 to $68.00 and set a neutral rating for the company in a research note on Thursday. 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.
Get Our Latest Report on Dayforce
Dayforce Stock Performance
Dayforce (NYSE:DAY – Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.26. Dayforce had a net margin of 3.30% and a return on equity of 5.38%. The firm had revenue of $399.70 million for the quarter, compared to analyst estimates of $400.14 million. On average, equities research analysts forecast that Dayforce will post 0.87 EPS for the current year.
Insider Transactions at Dayforce
In other news, COO Christopher R. Armstrong sold 60,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 149,319 shares in the company, valued at $10,323,915.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.
Featured Stories
- Five stocks we like better than Dayforce
- Are Penny Stocks a Good Fit for Your Portfolio?
- MarketBeat Week in Review – 4/29 – 5/3
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Stock Market Sectors: What Are They and How Many Are There?
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Dayforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dayforce and related companies with MarketBeat.com's FREE daily email newsletter.