Mizuho Lowers Dayforce (NYSE:DAY) Price Target to $80.00

Dayforce (NYSE:DAY) had its target price lowered by Mizuho from $95.00 to $80.00 in a research note published on Monday, Benzinga reports. Mizuho currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. William Blair reiterated an outperform rating on shares of Dayforce in a research report on Thursday, May 2nd. Needham & Company LLC reissued a buy rating and set a $82.00 price target on shares of Dayforce in a report on Thursday, May 2nd. Piper Sandler cut their price objective on shares of Dayforce from $75.00 to $68.00 and set a neutral rating for the company in a report on Thursday, May 2nd. Finally, Barclays lowered their target price on shares of Dayforce from $74.00 to $62.00 and set an equal weight rating on the stock in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $73.40.

Dayforce Trading Up 0.3 %

NYSE:DAY opened at $59.15 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average is $63.41. Dayforce has a 12 month low of $54.25 and a 12 month high of $75.53. The firm has a market capitalization of $9.34 billion, a P/E ratio of 179.25, a P/E/G ratio of 3.89 and a beta of 1.30.

Dayforce (NYSE:DAY) last released its earnings results on Wednesday, February 7th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.26. Dayforce had a return on equity of 5.38% and a net margin of 3.30%. The firm had revenue of $399.70 million during the quarter, compared to the consensus estimate of $400.14 million. Equities analysts forecast that Dayforce will post 0.89 EPS for the current year.

Insider Buying and Selling at Dayforce

In other news, COO Christopher R. Armstrong sold 60,000 shares of Dayforce stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $69.14, for a total transaction of $4,148,400.00. Following the completion of the sale, the chief operating officer now directly owns 149,319 shares of the company’s stock, valued at approximately $10,323,915.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.90% of the stock is owned by corporate insiders.

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.