Dayforce (DAY), a newly rebranded company formerly known as Ceridian, has seen some fluctuations in stock prices, reaching a new 1-year low at $48.65. The company's mixed financials have generated uncertain sentiments. Price targets for the stock have been lowered by Wells Fargo and Citigroup. DAY's Q1 earnings revealed robust revenue growth and operational profit. However, there have been concerns of slowing employment. BMO Capital Markets reiterated DAY's rating, while CFRA downgraded the stock to hold amidst rising composite ratings. Dayforce Managed Payroll offers a new tiered approach while the launch of Dayforce Payroll in Singapore indicates continued global expansion. Dayforce also completed the acquisition of eloomi, securing $1 billion for strategic financial growth. Key executives, such as EVP and COO Christopher Armstrong, sold large amounts of shares. Their Q1 Earnings Report delivered promising results, beating sales targets. Despite some investor concerns over potential securities law violations, the forecasted growth in demand for their payroll product and the provision of same-day pay facilities have analysts predicting that DAY stocks are poised to climb above their peers.
Dayforce DAY News Analytics from Wed, 31 Jul 2019 07:00:00 GMT to Sat, 22 Jun 2024 16:19:09 GMT - Rating -2 - Innovation 0 - Information 8 - Rumor 5
