Dayforce (DAY), a leading HR software provider, reported robust revenue growth and operating profit in Q1 2024. The company recently rebranded, making a balanced case for both bulls and bears. Although it exceeded earnings per share and revenue targets for Q1 2024, the past week saw its stock suffer a major loss, with three-years aggregate investor losses reaching 34%. The company has shown signs of expansion, implementing the Full Dayforce Suite for 10,000 UK employees of WHSmith and completing acquisition of eloomi. Yet Dayforce's share price has dipped to a new 12-month low at $48.65, leading to a consensus rating of 'Moderate Buy' from analysts. An executive, Christopher Armstrong, added to market concerns by selling 60,000 shares. Despite these concerns, DAY continues to innovate, recently appointing Nicole Bello as Group Vice President of EMEA and unveiling a new tiered approach to managed payroll.
Dayforce DAY News Analytics from Wed, 31 Jul 2019 07:00:00 GMT to Wed, 03 Jul 2024 11:00:00 GMT -
Rating -2
- Innovation 6
- Information 3
- Rumor -1
