Piper Sandler Maintains Neutral on Dayforce, Maintains $68 Price Target
$DAY
Computer Software: Prepackaged Software
Technology
Piper Sandler analyst Arvind Ramnani maintains Dayforce (NYSE:DAY) with a Neutral and maintains $68 price target.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $70.00 → $80.00 | Outperform | BMO Capital Markets |
| 9/24/2024 | $70.00 | Overweight | KeyBanc Capital Markets |
| 7/31/2024 | $68.00 → $71.00 | Neutral → Overweight | Piper Sandler |
| 6/11/2024 | $75.00 | Outperform | BMO Capital Markets |
Dayforce® recurring revenue of $333.2 million, up 19% Total revenue of $440.0 million, up 17% Year-to-date net cash provided by operating activities of $200.1 million, up 54% MINNEAPOLIS and TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. ("Dayforce" or the "Company") (NYSE:DAY) (TSX:DAY), a global leader in human capital management ("HCM") technology, today announced its financial results for the third quarter ended September 30, 2024. "Our dedicated team achieved excellent results in the third quarter, positioning us to finish 2024 with strength," said David Ossip, Chair and CEO of Dayforce. "Dayforce recurring revenue grew 19% year-over-year, and year-to-da
MINNEAPOLIS and TORONTO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE:DAY, TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced it has been named a Leader in the 2024 Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employees Enterprises. Dayforce was recognized for the fifth consecutive year, driven by Dayforce's Ability to Execute and Completeness of Vision. Operating across North America, Europe, the Middle East, Africa (EMEA), and the Asia Pacific Japan (APJ) region, Dayforce delivers quantifiable value to organizations globally with a single platform backed by AI-enhanced innovation. Dayforce is trusted by more than 6,6
MINNEAPOLIS and TORONTO, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE:DAY, TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced the launch of its mass brand advertising campaign, ‘Do the work you're meant to do.' Brought to life through television and out-of-home (OOH) displays across the U.S., the campaign encourages viewers to harness simplicity at scale in their HR operations to achieve greater purpose and meaning within their work lives. Dayforce uses humor in its TV commercial to illustrate ways technology can help make work life better for employees. Courtesy: Dayforce This campaign falls on the heels of the company's an
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BMO Capital Markets reiterated coverage of Dayforce with a rating of Outperform and set a new price target of $80.00 from $70.00 previously
KeyBanc Capital Markets initiated coverage of Dayforce with a rating of Overweight and set a new price target of $70.00
Piper Sandler upgraded Dayforce from Neutral to Overweight and set a new price target of $71.00 from $68.00 previously
Experienced HCM executive to lead sales and drive momentum across key region MINNEAPOLIS and LONDON, United Kingdom, July 01, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE:DAY, TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced the appointment of Nicole Bello as Group Vice President of Europe, the Middle East, and Africa (EMEA), effective immediately. In this role, Bello will lead the EMEA sales efforts with a focus on expanding and accelerating how organizations in the region drive simplicity at scale in their people operations using the award-winning Dayforce platform. Bello will report to Sam Alkharrat, EVP and Chief Revenue Officer
MINNEAPOLIS and TORONTO, April 29, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE:DAY, TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced the appointment of Amy Cappellanti-Wolf as EVP and Chief People Officer, effective immediately. Reporting directly into David Ossip, Chair and CEO, Cappellanti-Wolf will serve as a key member of the Dayforce leadership team and have responsibilities for leading all people operations and strategies across the company's global footprint. With a proven track record in the technology industry, Cappellanti-Wolf brings extensive experience driving global business growth through talent and organizational develo
Dayforce® recurring revenue of $333.2 million, up 19% Total revenue of $440.0 million, up 17% Year-to-date net cash provided by operating activities of $200.1 million, up 54% MINNEAPOLIS and TORONTO, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. ("Dayforce" or the "Company") (NYSE:DAY) (TSX:DAY), a global leader in human capital management ("HCM") technology, today announced its financial results for the third quarter ended September 30, 2024. "Our dedicated team achieved excellent results in the third quarter, positioning us to finish 2024 with strength," said David Ossip, Chair and CEO of Dayforce. "Dayforce recurring revenue grew 19% year-over-year, and year-to-da
MINNEAPOLIS and TORONTO, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE:DAY) (TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced the date for the release of its third quarter 2024 earnings and its participation in upcoming investor conferences. Third Quarter 2024 Earnings Date Dayforce will release third quarter 2024 financial results before the open of regular market trading on Wednesday, October 30, 2024. The company will host a live webcast and conference call at 8:00 a.m. Eastern Time on October 30, 2024 to discuss the aforementioned financial results. Those wishing to participate via the webcast should access the call throu
Dayforce® recurring revenue of $321.6 million, up 20% Total revenue of $423.3 million, up 16% Year-to-date net cash provided by operating activities of $108.3 million, up 16% MINNEAPOLIS and TORONTO, July 31, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. ("Dayforce" or the "Company") (NYSE:DAY) (TSX:DAY), a global leader in human capital management ("HCM") technology, today announced its financial results for the second quarter ended June 30, 2024. "Our business momentum continued in the second quarter of 2024, with Dayforce recurring revenue up 20%, and year-to-date cash flows from operating activities up 16%. Our success is rooted in the simplicity that organizations around the world are s
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Piper Sandler analyst Arvind Ramnani maintains Dayforce (NYSE:DAY) with a Neutral and maintains $68 price target.
The stock market is up solidly this year, thanks to expectations of rate cuts by the Federal Reserve amid easing inflationary pressure, strong corporate earnings and optimism over the potential of artificial intelligence technology’s potential. Building On Gains: The S&P 500 Index, a measure of broader market performance, has gained a robust 14.48% so far this year, and it is up 3.92% for the second quarter. The index last hit a record closing high (5,487.03) on June 18, and breached the 5,500 mark intraday on June 20. Since then, the broader gauge has been going about a consolidation move. The SPDR S&P 500 ETF Trust (NYSE:SPY), an exchange-traded fund that tracks the performance of th