Dayforce (NYSE:DAY) Sets New 1-Year Low at $55.30

Shares of Dayforce Inc (NYSE:DAY - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $55.30 and last traded at $55.69, with a volume of 288555 shares. The stock had previously closed at $61.37.

Wall Street Analyst Weigh In

Several research analysts recently commented on DAY shares. Barclays reduced their target price on Dayforce from $75.00 to $74.00 and set an "equal weight" rating for the company in a research report on Thursday, February 8th. Piper Sandler lifted their price objective on Dayforce from $73.00 to $75.00 and gave the company a "neutral" rating in a report on Thursday, February 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $82.00 price objective on shares of Dayforce in a report on Thursday, February 8th.

Dayforce Stock Down 6.0 %

The company has a market capitalization of $8.97 billion, a P/E ratio of 163.20, a P/E/G ratio of 3.04 and a beta of 1.30. The company's fifty day simple moving average is $65.19. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.12 and a quick ratio of 1.12.

Dayforce (NYSE:DAY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.26. The company had revenue of $399.70 million during the quarter, compared to analysts' expectations of $400.14 million. Dayforce had a return on equity of 4.47% and a net margin of 3.62%. Analysts predict that Dayforce Inc will post 0.85 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Christopher R. Armstrong sold 60,000 shares of the firm's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $69.14, for a total value of $4,148,400.00. Following the completion of the sale, the chief operating officer now directly owns 149,319 shares in the company, valued at $10,323,915.66. The sale was disclosed in a filing with the SEC, which is accessible through this link. 4.90% of the stock is currently 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.