NYSE:DAY

Dayforce (DAY) Stock Price, News & Analysis

$58.96
-0.22 (-0.37%)
(As of 05/8/2024 ET)
Today's Range
$58.48
$59.32
50-Day Range
$57.32
$70.89
52-Week Range
$54.25
$75.53
Volume
1.83 million shs
Average Volume
1.47 million shs
Market Capitalization
$9.31 billion
P/E Ratio
178.67
Dividend Yield
N/A
Price Target
$73.40

Dayforce MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
24.5% Upside
$73.40 Price Target
Short Interest
Bearish
6.66% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.27mentions of Dayforce in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$4.15 M Sold Last Quarter
Proj. Earnings Growth
34.83%
From $0.89 to $1.20 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.55 out of 5 stars

Computer And Technology Sector

346th out of 592 stocks

Prepackaged Software Industry

128th out of 201 stocks

DAY stock logo

About Dayforce Stock (NYSE:DAY)

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. The company also provides payroll and payroll-related services; and implementation and professional services. It sells its solutions through direct sales force and third-party channels. The company was formerly known as Ceridian HCM Holding Inc. and changed its name to Dayforce Inc. in February 2024. Dayforce Inc. was founded in 1992 and is headquartered in Minneapolis, Minnesota.

DAY Stock Price History

DAY Stock News Headlines

Analysts Set Dayforce Inc (NYSE:DAY) PT at $73.40
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Mizuho Lowers Dayforce (NYSE:DAY) Price Target to $80.00
Dayforce (NYSE:DAY) Price Target Cut to $75.00
Dayforce Releases Dayforce Partner Exchange
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Dayforce (NYSE:DAY) Price Target Cut to $62.00
Dayforce (NYSE:DAY) Sets New 12-Month Low at $55.30
Key Takeaways From Dayforce Analyst Ratings
Q1 2024 Dayforce Inc Earnings Call
Why Dayforce (DAY) Stock Is Down Today
Dayforce: Q1 Earnings Snapshot
See More Headlines
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Company Calendar

Today
5/08/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
9,084
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$73.40
High Stock Price Target
$82.00
Low Stock Price Target
$62.00
Potential Upside/Downside
+24.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$54.80 million
Pretax Margin
5.46%

Debt

Sales & Book Value

Annual Sales
$1.51 billion
Cash Flow
$1.57 per share
Book Value
$15.34 per share

Miscellaneous

Free Float
150,163,000
Market Cap
$9.31 billion
Optionable
N/A
Beta
1.30
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Key Executives

  • Mr. David D. Ossip (Age 57)
    Chairman & CEO
    Comp: $1.15M
  • Mr. Christopher R. Armstrong (Age 55)
    Executive VP & COO
    Comp: $850.61k
  • Mr. Stephen H. Holdridge (Age 62)
    President of Customer & Revenue Operations
    Comp: $838.62k
  • Mr. Samer Alkharrat
    Executive VP & Chief Revenue Officer
  • Mr. Jeremy Johnson (Age 40)
    Executive VP & CFO
  • Mr. Jeffrey Scott Jacobs (Age 48)
    Head of Accounting & Financial Reporting
  • Mr. Joseph B. Korngiebel (Age 53)
    Executive VP and Chief Product & Technology Officer
    Comp: $935.34k
  • Ms. Carrie Rasmussen
    Chief Information Officer
  • Mr. Erik J. Zimmer
    Executive VP Corporate Development and Head of M&A & Investor Relations
  • Mr. William E. McDonald (Age 59)
    Executive VP, General Counsel & Corporate Secretary

DAY Stock Analysis - Frequently Asked Questions

Should I buy or sell Dayforce stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Dayforce in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DAY shares.
View DAY analyst ratings
or view top-rated stocks.

What is Dayforce's stock price target for 2024?

6 analysts have issued 1-year target prices for Dayforce's shares. Their DAY share price targets range from $62.00 to $82.00. On average, they anticipate the company's share price to reach $73.40 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
View analysts price targets for DAY
or view top-rated stocks among Wall Street analysts.

How have DAY shares performed in 2024?

Dayforce's stock was trading at $71.42 at the start of the year. Since then, DAY shares have decreased by 17.4% and is now trading at $58.96.
View the best growth stocks for 2024 here
.

Are investors shorting Dayforce?

Dayforce saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 9,690,000 shares, an increase of 9.6% from the March 15th total of 8,840,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is presently 6.9 days. Approximately 6.5% of the company's stock are sold short.
View Dayforce's Short Interest
.

When is Dayforce's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our DAY earnings forecast
.

What ETFs hold Dayforce's stock?
What guidance has Dayforce issued on next quarter's earnings?

Dayforce updated its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.7 billion-$1.7 billion, compared to the consensus revenue estimate of $1.7 billion.

How do I buy shares of Dayforce?

Shares of DAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:DAY) was last updated on 5/9/2024 by MarketBeat.com Staff

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