7,219 Shares in Dayforce Inc (NYSE:DAY) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in Dayforce Inc (NYSE:DAY) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,219 shares of the company’s stock, valued at approximately $442,000.

A number of other institutional investors and hedge funds have also modified their holdings of DAY. Candriam S.C.A. acquired a new stake in shares of Dayforce in the 2nd quarter worth approximately $6,027,000. New Mexico Educational Retirement Board acquired a new stake in Dayforce during the 2nd quarter valued at $392,000. Acadian Asset Management LLC acquired a new stake in Dayforce during the 2nd quarter valued at $287,000. Prudential PLC acquired a new stake in Dayforce during the 2nd quarter valued at $490,000. Finally, Texas Permanent School Fund Corp acquired a new stake in Dayforce during the 2nd quarter valued at $1,281,000.

Dayforce Trading Down 0.0 %

Shares of DAY opened at $63.94 on Thursday. 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 firm has a market capitalization of $10.10 billion, a P/E ratio of 193.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. The stock’s fifty day simple moving average is $58.17 and its 200 day simple moving average is $56.55. Dayforce Inc has a twelve month low of $47.08 and a twelve month high of $75.10.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. Dayforce had a return on equity of 6.35% and a net margin of 2.89%. The business had revenue of $423.30 million for the quarter, compared to analyst estimates of $417.41 million. On average, equities research analysts forecast that Dayforce Inc will post 1.07 earnings per share for the current year.

Analysts Set New Price Targets

DAY has been the topic of a number of analyst reports. Citigroup increased their target price on Dayforce from $74.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Piper Sandler upgraded Dayforce from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $68.00 to $71.00 in a report on Wednesday, July 31st. Needham & Company LLC restated a “buy” rating and set a $82.00 price objective on shares of Dayforce in a report on Wednesday, July 31st. Finally, Mizuho raised their price objective on Dayforce from $70.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.18.

Dayforce Company Profile

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.