William Blair Issues Positive Estimate for Dayforce Earnings

Dayforce Inc (NYSE:DAY) – Investment analysts at William Blair raised their Q1 2025 earnings estimates for Dayforce in a research report issued on Friday, November 22nd. William Blair analyst J. Roberge now expects that the company will earn $0.39 per share for the quarter, up from their prior forecast of $0.38. The consensus estimate for Dayforce’s current full-year earnings is $1.07 per share.

Several other equities research analysts have also recently commented on DAY. Deutsche Bank Aktiengesellschaft increased their price objective on Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Mizuho raised 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. Needham & Company LLC boosted their price objective on shares of Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Piper Sandler restated an “overweight” rating and set a $94.00 price objective (up previously from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Finally, KeyCorp lifted their target price on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.77.

Dayforce Stock Performance

Shares of DAY opened at $79.79 on Monday. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 241.80, a P/E/G ratio of 3.70 and a beta of 1.27. The business’s fifty day simple moving average is $67.31 and its two-hundred day simple moving average is $58.81. Dayforce has a 12 month low of $47.08 and a 12 month high of $81.32. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47.

Insider Activity at Dayforce

In other news, insider Jeffrey Scott Jacobs sold 643 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $40,746.91. Following the sale, the insider now directly owns 34,074 shares in the company, valued at $2,159,269.38. This trade represents a 1.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $77.00, for a total transaction of $77,000.00. Following the completion of the transaction, the chief operating officer now directly owns 122,022 shares of the company’s stock, valued at $9,395,694. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,643 shares of company stock worth $460,877. Corporate insiders own 4.90% of the company’s stock.

Hedge Funds Weigh In On Dayforce

Several large investors have recently made changes to their positions in the business. Financial Perspectives Inc bought a new stake in shares of Dayforce during the second quarter valued at approximately $28,000. Quent Capital LLC bought a new stake in Dayforce in the 3rd quarter valued at $28,000. Sentry Investment Management LLC purchased a new stake in Dayforce in the 2nd quarter worth $33,000. Farther Finance Advisors LLC purchased a new stake in Dayforce in the 3rd quarter worth $40,000. Finally, Quarry LP bought a new position in shares of Dayforce during the 3rd quarter valued at about $51,000.

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.