Moody’s upgrades Agnico Eagle’s rating to A3 on debt reduction
William Everett McDonald, Executive Vice President, Chief Legal Officer, and Secretary of Dayforce, Inc. (NYSE:DAY), has sold 1,999 shares of the company’s common stock. The transaction, completed on March 17, 2025, was executed at a price of $55.55 per share, totaling $111,044. The sale occurred as the stock trades near $57, with analysts setting targets between $55-$95. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value assessment. Following this sale, McDonald holds 107,393 shares, including 48,927 unvested restricted stock units. This sale was conducted under a pre-established Rule 10b5-1 trading plan, which McDonald adopted on August 15, 2024. The transaction comes as Dayforce maintains impressive gross profit margins of 51% and a market capitalization of $9 billion. InvestingPro subscribers can access 12 additional key insights about Dayforce’s financial health and valuation metrics in the comprehensive Pro Research Report.
In other recent news, Dayforce has announced a series of significant developments. The company disclosed its 2025 Management Incentive Plan, which includes performance-based incentives for executives tied to financial goals such as revenue growth and free cash flow margins. Additionally, Dayforce has initiated a workforce reduction plan aimed at achieving approximately $65 million in pre-tax cost savings for the fiscal year 2025, with an annualized run-rate basis of $80 million. In another financial move, Dayforce successfully amended its credit agreement, reducing interest rates on its term and revolving loans, which is expected to enhance the company’s fiscal sustainability.
On the analyst front, TD Cowen upgraded Dayforce’s stock rating from Hold to Buy, raising the price target to $68. This upgrade reflects confidence in the company’s potential for free cash flow margin expansion and stock appreciation. Analyst Jared Levine noted that recent stock underperformance presents an attractive entry point for investors, with expectations of improved financial health. Furthermore, Levine anticipates that Dayforce will exceed medium-term free cash flow expectations, bolstering investor confidence. These developments provide investors with a comprehensive view of Dayforce’s strategic efforts to improve its financial metrics and deliver value to shareholders.
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