Dayforce Inc., a prominent player in the HR services market, has its share price set at $68.40 by brokerage firms. There are contrasting views about buying the stock considering its restructuring of executive leadership and the announcement of it's 2024 Investor Day. The demand for HR services has led to a strong quarterly performance, boosting the stock.
While the company is set to announce its Q2 2024 financial results at upcoming investor conferences, it still struggles with a 44% loss from three years back. On a brighter note, Dayforce Wallet's payroll delivery has surpassed $4 billion. The stock's trajectory has been faced with some undulation recently with stock price falling by 1% yet, an 11% gain in the past week. A noteworthy move was the appointment of Nicole Bello as Vice President of EMEA.
The company has also rolled out a $500 million share repurchase program. An analysis of SWOT insights places it amongst the 25 Undervalued Toronto Stock Exchange Stocks. However, an insider trading update reveals the firm's EVP and COO, Christopher Armstrong, sold 60,000 shares.
Dayforce DAY News Analytics from Sun, 07 May 2017 07:00:00 GMT to Sun, 08 Sep 2024 08:07:38 GMT - Rating 1 - Innovation 2 - Information 6 - Rumor -1
