Is Dayforce Stock a Good Investment?
Dayforce Investment Advice | DAY |
- Examine Dayforce's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Dayforce's leadership team and their track record. Good management can help Dayforce navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Application Software space and any emerging trends that could impact Dayforce's business and its evolving consumer preferences.
- Compare Dayforce's performance and market position to its competitors. Analyze how Dayforce is positioned in terms of product offerings, innovation, and market share.
- Check if Dayforce pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Dayforce's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Dayforce stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Dayforce is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Dayforce Stock
Researching Dayforce's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are held by institutions such as insurance companies. The book value of Dayforce was currently reported as 16.2. The company had not issued any dividends in recent years.
To determine if Dayforce is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Dayforce's research are outlined below:
| Dayforce was previously known as Ceridian HCM Holding and was traded on Toronto Exchange under the symbol CDAY. | |
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from thelincolnianonline.com: Dayforce Inc Sees Significant Drop in Short Interest |
Dayforce Quarterly Liabilities And Stockholders Equity |
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Earnings surprises can significantly impact Dayforce's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Dayforce's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-11-07 | 2019-09-30 | 0.1 | 0.11 | 0.01 | 10 | ||
2021-08-04 | 2021-06-30 | 0.04 | 0.06 | 0.02 | 50 | ||
2021-02-09 | 2020-12-31 | 0.07 | 0.09 | 0.02 | 28 | ||
2019-05-01 | 2019-03-31 | 0.12 | 0.14 | 0.02 | 16 | ||
2018-04-26 | 2018-03-31 | 0.03 | 0.05 | 0.02 | 66 | ||
2023-08-02 | 2023-06-30 | 0.29 | 0.32 | 0.03 | 10 | ||
2022-02-09 | 2021-12-31 | 0.03 | 0.06 | 0.03 | 100 | ||
2020-02-05 | 2019-12-31 | 0.11 | 0.08 | -0.03 | 27 |
Know Dayforce's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Dayforce is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Dayforce backward and forwards among themselves. Dayforce's institutional investor refers to the entity that pools money to purchase Dayforce's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 5.8 M | Hhg Plc | 2024-06-30 | 5.6 M | Geode Capital Management, Llc | 2024-09-30 | 3.8 M | Bamco Inc | 2024-09-30 | 3.5 M | Amvescap Plc. | 2024-06-30 | 2.9 M | Charles Schwab Investment Management Inc | 2024-09-30 | 1.4 M | Northern Trust Corp | 2024-09-30 | 1.3 M | Dimensional Fund Advisors, Inc. | 2024-09-30 | 1.3 M | Bank Of New York Mellon Corp | 2024-06-30 | 1.2 M | Capital Research Global Investors | 2024-09-30 | 18.2 M | Vanguard Group Inc | 2024-09-30 | 17.1 M |
Dayforce's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 12.58 B.Market Cap |
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Dayforce's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.01 | 0.01 | |
| Return On Capital Employed | 0.04 | 0.04 | |
| Return On Assets | 0.01 | 0.01 | |
| Return On Equity | 0.02 | 0.02 |
Determining Dayforce's profitability involves analyzing its financial statements and using various financial metrics to determine if Dayforce is a good buy. For example, gross profit margin measures Dayforce's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Dayforce's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in Dayforce's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Dayforce. Check Dayforce's Beneish M Score to see the likelihood of Dayforce's management manipulating its earnings.
Evaluate Dayforce's management efficiency
Return On Tangible Assets is likely to rise to 0.01 in 2024. Return On Capital Employed is likely to rise to 0.04 in 2024. At this time, Dayforce's Non Currrent Assets Other are fairly stable compared to the past year. Other Current Assets is likely to rise to about 5.4 B in 2024, whereas Total Assets are likely to drop slightly above 7.6 B in 2024. Dayforce's management efficiency ratios could be used to measure how well Dayforce manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 15.44 | 16.27 | |
| Tangible Book Value Per Share | (0.81) | (0.85) | |
| Enterprise Value Over EBITDA | 41.94 | 39.84 | |
| Price Book Value Ratio | 4.35 | 3.30 | |
| Enterprise Value Multiple | 41.94 | 39.84 | |
| Price Fair Value | 4.35 | 3.30 | |
| Enterprise Value | 14.5 B | 15.3 B |
Evaluating the management effectiveness of Dayforce allows investors to assess its financial health and operational efficiency. Coupled with an analysis of its growth prospects and the current market dynamics, we evaluate the stock's true value and future potential. Key indicators such as revenue, earnings or debt levels are examined alongside external factors like economic trends and regulatory changes. The Dayforce Stock analysis seeks to determine whether the stock is undervalued, appropriately priced, or overvalued, thereby guiding your investment decisions.
Beta 1.271 |
Basic technical analysis of Dayforce Stock
As of the 25th of November, Dayforce shows the Downside Deviation of 1.56, coefficient of variation of 341.22, and Mean Deviation of 1.43. Dayforce technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.Dayforce's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Dayforce insiders, such as employees or executives, is commonly permitted as long as it does not rely on Dayforce's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Dayforce insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Dayforce's Outstanding Corporate Bonds
Dayforce issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Dayforce uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Dayforce bonds can be classified according to their maturity, which is the date when Dayforce has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Understand Dayforce's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Dayforce's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.2309 | |||
| Market Risk Adjusted Performance | 0.4482 | |||
| Mean Deviation | 1.43 | |||
| Semi Deviation | 0.955 | |||
| Downside Deviation | 1.56 | |||
| Coefficient Of Variation | 341.22 | |||
| Standard Deviation | 1.99 | |||
| Variance | 3.94 | |||
| Information Ratio | 0.2272 | |||
| Jensen Alpha | 0.4143 | |||
| Total Risk Alpha | 0.2592 | |||
| Sortino Ratio | 0.2899 | |||
| Treynor Ratio | 0.4382 | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 4.3 | |||
| Downside Variance | 2.42 | |||
| Semi Variance | 0.9119 | |||
| Expected Short fall | (1.68) | |||
| Skewness | 0.9085 | |||
| Kurtosis | 1.78 |
| Risk Adjusted Performance | 0.2309 | |||
| Market Risk Adjusted Performance | 0.4482 | |||
| Mean Deviation | 1.43 | |||
| Semi Deviation | 0.955 | |||
| Downside Deviation | 1.56 | |||
| Coefficient Of Variation | 341.22 | |||
| Standard Deviation | 1.99 | |||
| Variance | 3.94 | |||
| Information Ratio | 0.2272 | |||
| Jensen Alpha | 0.4143 | |||
| Total Risk Alpha | 0.2592 | |||
| Sortino Ratio | 0.2899 | |||
| Treynor Ratio | 0.4382 | |||
| Maximum Drawdown | 10.13 | |||
| Value At Risk | (2.53) | |||
| Potential Upside | 4.3 | |||
| Downside Variance | 2.42 | |||
| Semi Variance | 0.9119 | |||
| Expected Short fall | (1.68) | |||
| Skewness | 0.9085 | |||
| Kurtosis | 1.78 |
Consider Dayforce's intraday indicators
Dayforce intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Dayforce stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Dayforce Corporate Filings
F4 | 19th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 14th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
13A | 13th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
8K | 30th of October 2024 An amendment to a previously filed Form 8-K | ViewVerify |
Dayforce Stock media impact
Far too much social signal, news, headlines, and media speculation about Dayforce that are available to investors today. That information is available publicly through Dayforce media outlets and privately through word of mouth or via Dayforce internal channels. However, regardless of the origin, that massive amount of Dayforce data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Dayforce news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Dayforce relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Dayforce's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Dayforce alpha.
Dayforce Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Dayforce can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Dayforce Historical Investor Sentiment
Investor biases related to Dayforce's public news can be used to forecast risks associated with an investment in Dayforce. The trend in average sentiment can be used to explain how an investor holding Dayforce can time the market purely based on public headlines and social activities around Dayforce. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Dayforce's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Dayforce and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Dayforce news discussions. The higher the estimate score, the more favorable the investor's outlook on Dayforce.
Dayforce Corporate Management
| Christopher Armstrong | Executive Officer | Profile | |
| Jeffrey Jacobs | Head Reporting | Profile | |
| Samer Alkharrat | Executive Officer | Profile | |
| Justine Janssen | Executive Officer | Profile | |
| Joseph Korngiebel | Executive Officer | Profile | |
| Carrie Rasmussen | Chief Officer | Profile |
Additional Tools for Dayforce Stock Analysis
When running Dayforce's price analysis, check to measure Dayforce's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Dayforce is operating at the current time. Most of Dayforce's value examination focuses on studying past and present price action to predict the probability of Dayforce's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dayforce's price. Additionally, you may evaluate how the addition of Dayforce to your portfolios can decrease your overall portfolio volatility.