Dayforce (NYSE:DAY) Sets New 52-Week Low at $55.30

Dayforce Inc (NYSE:DAY) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $55.30 and last traded at $55.69, with a volume of 288555 shares trading hands. The stock had previously closed at $61.37.

Wall Street Analysts Forecast Growth

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

Dayforce Trading Down 6.8 %

The stock has a fifty day simple moving average of $65.19. The stock has a market capitalization of $8.90 billion, a PE ratio of 175.35, a price-to-earnings-growth ratio of 3.04 and a beta of 1.30. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50.

Dayforce (NYSE:DAY) last posted its earnings results on Wednesday, February 7th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.26. Dayforce had a return on equity of 4.47% and a net margin of 3.62%. The business had revenue of $399.70 million during the quarter, compared to analysts’ expectations of $400.14 million. On average, equities analysts predict that Dayforce Inc will post 0.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.