Blair William & Co. IL Acquires New Holdings in Dayforce Inc (NYSE:DAY)

Blair William & Co. IL bought a new position in Dayforce Inc (NYSE:DAY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 118,677 shares of the company’s stock, valued at approximately $5,886,000. Blair William & Co. IL owned about 0.08% of Dayforce at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DAY. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Dayforce in the 2nd quarter worth $663,000. Amalgamated Bank purchased a new position in Dayforce in the second quarter worth about $1,572,000. Mutual of America Capital Management LLC purchased a new stake in shares of Dayforce during the 2nd quarter valued at about $988,000. Cannae Holdings Inc. purchased a new stake in shares of Dayforce during the 2nd quarter valued at about $49,600,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of Dayforce in the 2nd quarter worth approximately $51,027,000.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TD Cowen reduced their target price on shares of Dayforce from $63.00 to $53.00 and set a “buy” rating for the company in a report on Friday, June 28th. Needham & Company LLC restated a “buy” rating and issued a $82.00 price objective on shares of Dayforce in a research note on Wednesday, July 31st. Wells Fargo & Company lowered their target price on Dayforce from $64.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. Citigroup cut their price target on Dayforce from $72.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Dayforce in a research note on Tuesday, June 11th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.40.

Dayforce Stock Down 1.2 %

NYSE DAY opened at $58.91 on Friday. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $75.33. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The stock has a market cap of $9.30 billion, a PE ratio of 178.52, a P/E/G ratio of 2.07 and a beta of 1.29. The stock’s 50 day moving average is $55.46 and its 200 day moving average is $57.30.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $423.30 million during the quarter, compared to analyst estimates of $417.41 million. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. Research analysts predict that Dayforce Inc will post 1.08 EPS for the current fiscal year.

About Dayforce

Dayforce Inc, together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll and tax, workforce management, wallet, benefits, and talent intelligence functionalities; and Powerpay, a cloud HR and payroll solution for the small business market.