Dayforce (DAY) Projected to Post Quarterly Earnings on Wednesday

Dayforce (NYSE:DAY) is expected to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.46 per share and revenue of $455.00 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Dayforce Trading Up 0.6 %

Shares of DAY stock opened at $71.17 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a fifty day simple moving average of $74.28 and a two-hundred day simple moving average of $66.13. The firm has a market capitalization of $11.22 billion, a PE ratio of 215.66, a PEG ratio of 2.59 and a beta of 1.26. Dayforce has a 52-week low of $47.08 and a 52-week high of $82.69.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DAY. BMO Capital Markets boosted their price target on Dayforce from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Mizuho lifted their price target on shares of Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Scotiabank started coverage on shares of Dayforce in a report on Monday, November 18th. They set a “sector perform” rating and a $75.00 price objective for the company. Needham & Company LLC lifted their target price on Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 price target (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $80.07.

Insider Buying and Selling at Dayforce

In other Dayforce news, CEO David D. Ossip sold 858,697 shares of Dayforce stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total value of $68,309,346.35. Following the transaction, the chief executive officer now directly owns 794,527 shares of the company’s stock, valued at approximately $63,204,622.85. The trade was a 51.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $76.26, for a total value of $76,260.00. Following the completion of the sale, the chief operating officer now owns 121,022 shares of the company’s stock, valued at approximately $9,229,137.72. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 860,697 shares of company stock valued at $68,456,936. Company 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.