Dayforce's Q4 results are likely to benefit from an innovative portfolio and resilient sector demand amid prolonged sales cycles and macroeconomic pressures.
Barclays raised the firm's price target on Dayforce to $84 from $80 and keeps an Equal Weight rating on the shares. With software "back in favor again," valuation levels have now caught up to historical averages, the analyst tells investors in a research note. However, the firm says there could be further upside as estimates have not moved higher yet and as base valuations shift out another year to 2026.
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.
29 Apr 2025 Date | | - Cons. EPS | - EPS |
5 Feb 2025 Date | | 0.45 Cons. EPS | 0.6 EPS |
30 Oct 2024 Date | | 0.43 Cons. EPS | 0.47 EPS |
31 Jul 2024 Date | | 0.36 Cons. EPS | 0.48 EPS |
12 Jun 2024 Date | | 0.42 Cons. EPS | 0.43 EPS |
29 Apr 2025 Date | | - Cons. EPS | - EPS |
5 Feb 2025 Date | | 0.45 Cons. EPS | 0.6 EPS |
30 Oct 2024 Date | | 0.43 Cons. EPS | 0.47 EPS |
31 Jul 2024 Date | | 0.36 Cons. EPS | 0.48 EPS |
12 Jun 2024 Date | | 0.42 Cons. EPS | 0.43 EPS |
Software - Application Industry | Technology Sector | Mr. David D. Ossip CEO | NYSE Exchange | US15677J1088 ISIN |
United States Country | 9,084 Employees | - Last Dividend | - Last Split | - IPO Date |
Dayforce Inc., previously known as Ceridian HCM Holding Inc., is a prominent player in the field of human capital management (HCM) software, offering its services across the United States, Canada, and other international locations. Stemming from its foundation in 1992 and headquartered in Minneapolis, Minnesota, Dayforce Inc. has evolved into a company specializing in comprehensive cloud HCM solutions. Focused on transforming how companies manage their workforce, the company seamlessly integrates various aspects of human resources management into its pioneering Dayforce platform. This evolution in name and brand identity, taking place in February 2024, underscores its commitment to innovating HCM software solutions that cater to modern workforce needs.
Dayforce Inc. stands out in the market with its flagship product and a suite of associated services designed to optimize human capital management for businesses of all sizes:
The company leverages a direct sales force along with third-party channels to distribute its solutions, indicating a flexible and extensive reach in the market.