197,743 Shares in Dayforce Inc (NYSE:DAY) Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in Dayforce Inc (NYSE:DAY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 197,743 shares of the company’s stock, valued at approximately $9,801,000. Hsbc Holdings PLC owned 0.13% of Dayforce as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of DAY. Candriam S.C.A. purchased a new stake in shares of Dayforce in the second quarter valued at about $6,027,000. New Mexico Educational Retirement Board purchased a new stake in Dayforce in the 2nd quarter valued at approximately $392,000. Acadian Asset Management LLC acquired a new position in Dayforce during the 2nd quarter worth approximately $287,000. Prudential PLC purchased a new position in shares of Dayforce during the 2nd quarter worth approximately $490,000. Finally, Texas Permanent School Fund Corp acquired a new stake in shares of Dayforce in the 2nd quarter valued at approximately $1,281,000.

Analysts Set New Price Targets

DAY has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $82.00 target price on shares of Dayforce in a research report on Wednesday, July 31st. Wells Fargo & Company decreased their target price on shares of Dayforce from $64.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Friday, June 21st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Dayforce in a research report on Tuesday, June 11th. Citigroup decreased their target price on Dayforce from $72.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Finally, Piper Sandler raised shares of Dayforce from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $68.00 to $71.00 in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Dayforce has a consensus rating of “Moderate Buy” and a consensus price target of $68.40.

Dayforce Trading Up 0.5 %

Shares of DAY opened at $59.20 on Tuesday. Dayforce Inc has a one year low of $47.08 and a one year high of $75.33. The stock has a 50-day moving average price of $55.56 and a 200 day moving average price of $57.20. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $9.35 billion, a P/E ratio of 179.39, a P/E/G ratio of 2.07 and a beta of 1.29.

Dayforce (NYSE:DAY) last released its quarterly 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 business had revenue of $423.30 million during the quarter, compared to the consensus estimate of $417.41 million. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. Sell-side analysts forecast that Dayforce Inc will post 1.08 EPS for the current fiscal year.

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.