Dayforce (DAY) Expected to Announce Earnings on Wednesday

Dayforce (NYSE:DAY) is expected to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Dayforce to post 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 Stock Performance

NYSE:DAY opened at $74.13 on Wednesday. The firm’s fifty day simple moving average is $74.72 and its 200 day simple moving average is $65.65. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. Dayforce has a twelve month low of $47.08 and a twelve month high of $82.69. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 224.64, a PEG ratio of 2.56 and a beta of 1.26.

Insiders Place Their Bets

In related news, CEO David D. Ossip sold 858,697 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.55, for a total transaction of $68,309,346.35. Following the completion of the sale, the chief executive officer now owns 794,527 shares of the company’s stock, valued at $63,204,622.85. This represents a 51.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $77.00, for a total transaction of $77,000.00. Following the sale, the chief operating officer now owns 122,022 shares in the company, valued at approximately $9,395,694. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 861,697 shares of company stock valued at $68,533,936 in the last quarter. Insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on DAY. Stifel Nicolaus boosted their price objective on Dayforce from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group upped their price target on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets lifted their price objective on shares of Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Needham & Company LLC boosted their target price on shares of Dayforce from $82.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Barclays lowered their price target on shares of Dayforce from $84.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dayforce presently has a consensus rating of “Moderate Buy” and an average price target of $80.07.

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.