Investments topping $7 million were made in **Dayforce Inc** by **Swedbank AB** and the **Czech National Bank**. Mizuho and TD Cowen raised Dayforce's price target to $80.00 and $62.00 respectively with an average rating of "Moderate Buy" from brokerages. The upbeat sentiment came amid **strong demand for payroll service** leading to an upward revision in its annual revenue forecast, **resulting in a stock rally**. It contributed to Dayforce Wallet surpassing $4B in payroll delivered. The company also announced an Investor Day for 2024 and implemented a **$500 million share repurchase program**. However, news of a potential investigation into alleged wrongdoing, mixed market fundamentals, and a recent downgraded rating dampened some investor sentiment. Despite this, **Dayforce achieved robust revenue growth**, with Q2 2024 earnings reporting an EPS of $0.76, and solid 2Q results, leading to BMO raising the stock target. To consolidate and expand its market position, Dayforce completed the acquisition of eloomi, launched Dayforce Payroll in Singapore and Dayforce Discover, and announced executive leadership restructuring.
Dayforce DAY News Analytics from Wed, 31 Jul 2019 07:00:00 GMT to Sat, 19 Oct 2024 07:50:39 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor -3
