MBB Public Markets I LLC Takes Position in Dayforce Inc (NYSE:DAY)

MBB Public Markets I LLC acquired a new stake in shares of Dayforce Inc (NYSE:DAY) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,176 shares of the company’s stock, valued at approximately $505,000.

A number of other institutional investors and hedge funds also recently modified their holdings of DAY. Financial Perspectives Inc purchased a new position in Dayforce in the 2nd quarter worth approximately $28,000. Sentry Investment Management LLC acquired a new stake in shares of Dayforce during the 2nd quarter valued at approximately $33,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Dayforce during the 2nd quarter valued at approximately $62,000. Brown Brothers Harriman & Co. acquired a new stake in Dayforce in the second quarter worth $66,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Dayforce in the second quarter worth $97,000.

Dayforce Trading Down 0.7 %

NYSE DAY opened at $60.81 on Wednesday. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $75.33. The firm has a market capitalization of $9.60 billion, a P/E ratio of 184.24, a PEG ratio of 2.12 and a beta of 1.29. The business has a fifty day simple moving average of $56.12 and a 200 day simple moving average of $56.92. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Piper Sandler raised Dayforce from a “neutral” rating to an “overweight” rating and raised their target price for the company from $68.00 to $71.00 in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. TD Cowen lowered their target price on Dayforce from $63.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, June 28th. KeyCorp began coverage on Dayforce in a report on Tuesday, September 24th. They set an “overweight” rating and a $70.00 price objective on the stock. Finally, Citigroup boosted their price target on Dayforce from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.36.

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.