Dayforce (NYSE:DAY) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Dayforce (NYSE:DAY) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $82.00 target price on the stock.

DAY has been the topic of several other reports. Piper Sandler upgraded Dayforce from a neutral rating to an overweight rating and boosted their price target for the company from $68.00 to $71.00 in a research note on Wednesday. Barclays lowered their price objective on Dayforce from $74.00 to $62.00 and set an equal weight rating on the stock in a research note on Thursday, May 2nd. William Blair reiterated an outperform rating on shares of Dayforce in a research note on Thursday, May 2nd. Piper Sandler Companies restated a neutral rating and set a $68.00 price target on shares of Dayforce in a research report on Friday, May 17th. Finally, BMO Capital Markets restated an outperform rating and set a $75.00 price target on shares of Dayforce in a research report on Tuesday, June 11th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Dayforce presently has an average rating of Moderate Buy and an average target price of $68.40.

Dayforce Price Performance

Shares of NYSE:DAY opened at $53.23 on Wednesday. Dayforce has a fifty-two week low of $47.08 and a fifty-two week high of $75.53. The business has a 50-day moving average of $51.65. The firm has a market capitalization of $8.41 billion, a PE ratio of 161.30, a P/E/G ratio of 3.79 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.11 and a debt-to-equity ratio of 0.49.

Dayforce (NYSE:DAY) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Dayforce had a return on equity of 6.35% and a net margin of 2.89%. The business had revenue of $431.50 million for the quarter, compared to analyst estimates of $426.15 million. As a group, research analysts expect that Dayforce will post 0.9 EPS for the current fiscal year.

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.