Dayforce (NYSE:DAY) Announces Quarterly Earnings Results

Dayforce (NYSE:DAY) released its earnings results on Wednesday. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.09), Zacks reports. Dayforce had a net margin of 3.12% and a return on equity of 6.69%. Dayforce updated its Q1 2025 guidance to EPS and its FY 2025 guidance to EPS.

Dayforce Stock Down 5.4 %

Shares of Dayforce stock traded down $3.90 during trading hours on Wednesday, reaching $67.84. 2,251,759 shares of the company’s stock were exchanged, compared to its average volume of 1,531,856. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $74.07 and a two-hundred day moving average of $66.26. The stock has a market cap of $10.70 billion, a P/E ratio of 204.00, a P/E/G ratio of 2.59 and a beta of 1.26. Dayforce has a fifty-two week low of $47.08 and a fifty-two week high of $82.69.

Insider Transactions at Dayforce

In other Dayforce news, CEO David D. Ossip sold 858,697 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was 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 directly owns 794,527 shares in the company, valued at $63,204,622.85. This represents a 51.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $76.26, for a total transaction of $76,260.00. Following the completion of the transaction, the chief operating officer now directly owns 121,022 shares of the company’s stock, valued at $9,229,137.72. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 860,697 shares of company stock worth $68,456,936 in the last 90 days. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

DAY has been the subject of several analyst reports. Needham & Company LLC upped their target price on shares of Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 price objective (down from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Piper Sandler reaffirmed an “overweight” rating and set a $94.00 price target (up previously from $82.00) on shares of Dayforce in a research report on Wednesday, November 13th. Scotiabank began coverage on Dayforce in a research report on Monday, November 18th. They issued a “sector perform” rating and a $75.00 target price for the company. Finally, Stifel Nicolaus raised 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. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.07.

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.