William Blair Issues Positive Forecast for Dayforce Earnings

Dayforce Inc (NYSE:DAY) – Stock analysts at William Blair raised their Q1 2025 earnings estimates for shares of Dayforce in a research report issued to clients and investors on Friday, November 22nd. William Blair analyst J. Roberge now forecasts that the company will post earnings of $0.39 per share for the quarter, up from their prior estimate of $0.38. The consensus estimate for Dayforce’s current full-year earnings is $1.07 per share.

Several other research analysts have also recently issued reports on DAY. Barclays raised their target price on Dayforce from $70.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Citigroup raised their price objective on shares of Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. KeyCorp upped their target price on shares of Dayforce from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Jefferies Financial Group upped their price objective on Dayforce from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.77.

Dayforce Stock Performance

Shares of DAY opened at $81.83 on Monday. The firm has a market capitalization of $12.90 billion, a P/E ratio of 247.98, a PEG ratio of 3.75 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.15 and a quick ratio of 1.15. Dayforce has a one year low of $47.08 and a one year high of $82.69. The business has a fifty day moving average of $67.75 and a 200 day moving average of $58.96.

Insider Transactions at Dayforce

In other news, insider Jeffrey Scott Jacobs sold 643 shares of Dayforce stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total transaction of $40,746.91. Following the sale, the insider now owns 34,074 shares in the company, valued at $2,159,269.38. This trade represents a 1.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Stephen H. Holdridge sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $69.25, for a total transaction of $138,500.00. Following the completion of the transaction, the chief operating officer now directly owns 98,437 shares in the company, valued at $6,816,762.25. This trade represents a 1.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,643 shares of company stock valued at $460,877 over the last 90 days. Company insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

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

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.