Dayforce Inc (NYSE:DAY) Short Interest Update

Dayforce Inc (NYSE:DAYGet Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 8,840,000 shares, a decline of 6.8% from the February 29th total of 9,480,000 shares. Based on an average daily volume of 1,300,000 shares, the short-interest ratio is currently 6.8 days. Currently, 5.9% of the company’s shares are short sold.

Dayforce Stock Performance

NYSE:DAY opened at $64.68 on Wednesday. Dayforce has a one year low of $55.62 and a one year high of $75.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 184.81, a price-to-earnings-growth ratio of 3.19 and a beta of 1.30. The firm has a fifty day simple moving average of $68.90.

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

Wall Street Analysts Forecast Growth

DAY has been the topic of a number of recent analyst reports. Piper Sandler upped 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. Needham & Company LLC reissued a “buy” rating and set a $82.00 price objective on shares of Dayforce in a report on Thursday, February 8th. Finally, Barclays dropped their price objective on shares of Dayforce from $75.00 to $74.00 and set an “equal weight” rating on the stock in a report on Thursday, February 8th.

View Our Latest Stock Analysis on Dayforce

Insider Activity at Dayforce

In related news, COO Christopher R. Armstrong sold 60,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 149,319 shares of the company’s stock, valued at $10,323,915.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.90% of the stock is owned by company insiders.

About Dayforce

(Get Free Report)

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.

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