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Dayforce Inc (DAY)
NYSE:DAY
Dayforce Inc (DAY) Stock Price & Analysis
178 Followers
DAY Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$55.62 - $75.53
Previous Close$59.28
Volume1.39M
Average Volume (3M)1.42M
Market Cap
$9.22B
Enterprise Value$9.90B
Total Cash (Recent Filing)$570.30M
Total Debt (Recent Filing)$1.24B
Price to Earnings (P/E)172.1
Beta1.66
Next Earnings
May 01, 2024EPS Estimate
$0.43Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.34
Shares Outstanding156,600,000
10 Day Avg. Volume1,327,109
30 Day Avg. Volume1,421,688
Standard Deviation0.11
R-Squared0.40
Alpha-0.00492
Financial Highlights & Ratios
Price to Book (P/B)-73.32
Price to Sales (P/S)6.13
Price to Cash Flow (P/CF)25.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.76
Enterprise Value/Gross Profit15.31
Enterprise Value/Ebitda36.78
Forecast
1Y Price Target
$77.13Price Target Upside30.11% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
Dayforce Inc News
Bulls Say, Bears Say
Bulls Say
Contract Award ImpactDayforce's potential contract with the Government of Canada to replace outdated HR & payroll systems could significantly boost its annual recurring revenue, enhancing the stock's attractiveness.
Financial Growth ProspectsAnalyst confidence in Dayforce reaching its 2025 targets for substantial revenue and EBITDA margin growth, underpinned by factors such as product innovation and strategic partnerships, presents a strong case for stock performance.
Market ExpansionThe successful deployment of Dayforce's integrated HR & payroll system for the Government of Canada may open doors for further opportunities with provincial and local governments, indicating a larger market reach.
Bears Say
Accounting PracticesBlue Orca Capital claims that Dayforce is using aggressive accounting to inflate earnings and misleads investors on profitability metrics.
Financial GuidanceThe company's FY24 revenue guidance was slightly below expectations, even after considering the eloomi acquisition.
Market PerformanceWith growth slowing and estimates being revised down, the stock is not expected to move higher in the short term.
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Ownership Overview
10.84% Insiders
54.65% Mutual Funds
20.31% Other Institutional Investors
14.19% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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DAY FAQ
What was Dayforce Inc’s price range in the past 12 months?
Dayforce Inc lowest stock price was $55.62 and its highest was $75.53 in the past 12 months.
What is Dayforce Inc’s market cap?
Currently, no data Available
When is Dayforce Inc’s upcoming earnings report date?
Dayforce Inc’s upcoming earnings report date is May 01, 2024 which is in 7 days.
How were Dayforce Inc’s earnings last quarter?
Dayforce Inc released its earnings results on Feb 07, 2024. The company reported $0.5 earnings per share for the quarter, beating the consensus estimate of $0.318 by $0.182.
Is Dayforce Inc overvalued?
According to Wall Street analysts Dayforce Inc’s price is currently Undervalued.
Does Dayforce Inc pay dividends?
Dayforce Inc does not currently pay dividends.
What is Dayforce Inc’s EPS estimate?
Dayforce Inc’s EPS estimate is $0.43.
How many shares outstanding does Dayforce Inc have?
Dayforce Inc has 155,562,420 shares outstanding.
What happened to Dayforce Inc’s price movement after its last earnings report?
Dayforce Inc reported an EPS of $0.5 in its last earnings report, beating expectations of $0.318. Following the earnings report the stock price went down -2.723%.
Which hedge fund is a major shareholder of Dayforce Inc?
Among the largest hedge funds holding Dayforce Inc’s share is EdgePoint Investment Group Inc.. It holds Dayforce Inc’s shares valued at 489M.
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Dayforce Inc Stock Smart Score
Underperform
1
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$77.13 (30.11% Upside)
$77.13 (30.11% Upside)
Blogger Sentiment
Bullish
DAY Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 3.1M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 9.1%
Last 30 Days ▼ 9.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-11.54%
12-Months-Change
Fundamentals
Return on Equity
2.43%
Trailing 12-Months
Asset Growth
13.81%
Trailing 12-Months
Company Description
Dayforce Inc
Ceridian HCM Holding, Inc. engages in the development of human capital management software. It offers Dayforce, Powerpay, and Bureau products and services. The Dayforce provides human resources (HR), payroll, benefits, workforce management, and talent management functionality. The Powerpay is a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels. The Bureau solutions offer payroll and payroll-related services using legacy technology. The company was founded on July 3, 2013 and is headquartered in Minneapolis, MN.
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DAY Earnings Call
Q4 2024
0:00 / 0:00
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DAY Revenue Breakdown
85.70% Recurring
14.30% Professional services and other
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DAY Stock 12 Months Forecast
Average Price Target
$77.13
▲(30.11% Upside)
Technical Analysis
Best Analysts Covering DAY
1 Year
1 Year Success Rate
8/15 ratings generated profit
1 Year Average Return
+19.53%
assigned a buy rating 3 months ago
Copying Daniel Jester's trades and holding each position for 1 Year would result in 53.33% of your transactions generating a profit, with an average return of +19.53% per trade.
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