Scotiabank Forecasts Dayforce’s FY2025 Earnings (NYSE:DAY)

Dayforce Inc (NYSE:DAY) – Equities research analysts at Scotiabank increased their FY2025 earnings per share (EPS) estimates for shares of Dayforce in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst A. Verkhovski now anticipates that the company will post earnings per share of $1.54 for the year, up from their prior forecast of $1.50. Scotiabank has a “Sector Perform” rating and a $55.00 price objective on the stock. The consensus estimate for Dayforce’s current full-year earnings is $1.48 per share.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.09). Dayforce had a net margin of 1.03% and a return on equity of 6.49%.

A number of other equities analysts also recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Dayforce from $80.00 to $75.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $80.00 price objective (down from $85.00) on shares of Dayforce in a research report on Wednesday, January 8th. Needham & Company LLC reissued a “buy” rating and set a $95.00 target price on shares of Dayforce in a research report on Thursday, February 6th. Barclays decreased their target price on Dayforce from $80.00 to $69.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Finally, TD Cowen upgraded shares of Dayforce from a “hold” rating to a “buy” rating and increased their price target for the company from $67.00 to $68.00 in a research note on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.86.

Dayforce Trading Up 3.0 %

Shares of NYSE:DAY opened at $60.26 on Monday. Dayforce has a 52 week low of $47.08 and a 52 week high of $82.69. The company’s 50 day moving average is $64.14 and its two-hundred day moving average is $67.90. The company has a market cap of $9.54 billion, a PE ratio of 547.90, a P/E/G ratio of 2.49 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 1.15 and a debt-to-equity ratio of 0.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DAY. Quarry LP purchased a new stake in shares of Dayforce during the third quarter worth approximately $51,000. Harvest Fund Management Co. Ltd acquired a new position in Dayforce in the 4th quarter valued at $61,000. Federated Hermes Inc. purchased a new position in Dayforce during the 4th quarter worth $72,000. AlphaQuest LLC lifted its stake in shares of Dayforce by 14,800.0% in the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after acquiring an additional 1,036 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Dayforce by 69.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after acquiring an additional 501 shares in the last quarter.

Insider Buying and Selling

In related news, COO Stephen H. Holdridge sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $71.33, for a total value of $71,330.00. Following the transaction, the chief operating officer now owns 119,022 shares in the company, valued at $8,489,839.26. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.90% of the stock is owned by company 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.