Dayforce, a leading global Human Resources software provider, has recently experienced decreased trading and a 12-month low, which aligned with concerns over slowing employment growth. This turbulence, however, has not derailed the company's expansion and innovation efforts, such as the launch of
Dayforce Payroll in Singapore and the unveiling of
Dayforce Flex Work. Mixed financial reports and lower than expected earnings have affected its stock price, with Q1 2024 results failing to meet estimates and a new lowered price target set by BMO Capital Markets. However, the tech company maintains confidence, pointing to robust revenue growth and operating profit in Q1 2024. Analysts consensus target price still sits at a promising $73.40. Amidst all, Dayforce announced a strategic change with
Ceridian becoming Dayforce and NYSE ticker symbol switching to 'DAY'. Furthermore, EVP and COO Christopher Armstrong has recently sold 60,000 shares. Furthermore, the company has faced investigation into alleged securities law violations. Finally, it's worth mentioning that the company started offering a new tiered approach to managed payroll and implemented same-day pay.
Dayforce DAY News Analytics from Wed, 31 Jul 2019 07:00:00 GMT to Thu, 30 May 2024 21:11:59 GMT -
Rating -2
- Innovation 5
- Information 8
- Rumor -1
