William Blair Has Positive Forecast for Dayforce Q1 Earnings

Dayforce Inc (NYSE:DAY) – Analysts at William Blair raised their Q1 2025 earnings per share (EPS) estimates for shares of Dayforce in a research note issued on Friday, November 22nd. William Blair analyst J. Roberge now expects that the company will post earnings per share of $0.39 for the quarter, up from their previous forecast of $0.38. The consensus estimate for Dayforce’s current full-year earnings is $1.07 per share.

Other research analysts have also issued reports about the stock. Scotiabank started coverage on shares of Dayforce in a research note on Monday, November 18th. They set a “sector perform” rating and a $75.00 price objective for the company. Barclays lifted their price target on shares of Dayforce from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. TD Cowen upped their price target on shares of Dayforce from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, October 7th. Citigroup raised their price objective on shares of Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, KeyCorp upped their target price on Dayforce from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Dayforce has an average rating of “Moderate Buy” and a consensus price target of $78.77.

Dayforce Stock Performance

NYSE DAY opened at $81.83 on Monday. The business’s 50 day moving average price is $67.75 and its 200-day moving average price is $58.96. Dayforce has a fifty-two week low of $47.08 and a fifty-two week high of $82.69. The company has a market cap of $12.90 billion, a P/E ratio of 247.98, a P/E/G ratio of 3.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15.

Insider Transactions at Dayforce

In other Dayforce news, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $76.26, for a total transaction of $76,260.00. Following the transaction, the chief operating officer now owns 121,022 shares of the company’s stock, valued at approximately $9,229,137.72. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey Scott Jacobs sold 643 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $40,746.91. Following the completion of the sale, the insider now owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. This represents a 1.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,643 shares of company stock valued at $460,877. 4.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dayforce

Several institutional investors have recently bought and sold shares of the business. Financial Perspectives Inc purchased a new stake in Dayforce during the second quarter worth $28,000. Quent Capital LLC bought a new position in shares of Dayforce in the 3rd quarter worth $28,000. Sentry Investment Management LLC purchased a new stake in shares of Dayforce during the 2nd quarter worth $33,000. Farther Finance Advisors LLC purchased a new stake in shares of Dayforce during the 3rd quarter worth $40,000. Finally, Quarry LP bought a new stake in Dayforce during the third quarter valued at about $51,000.

Dayforce Company Profile

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.