6,085 Shares in Dayforce Inc (NYSE:DAY) Purchased by City Center Advisors LLC

City Center Advisors LLC purchased a new stake in Dayforce Inc (NYSE:DAY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,085 shares of the company’s stock, valued at approximately $373,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DAY. GAMMA Investing LLC acquired a new stake in Dayforce in the third quarter worth $118,000. Czech National Bank acquired a new stake in shares of Dayforce during the 3rd quarter valued at $1,973,000. Handelsbanken Fonder AB raised its position in shares of Dayforce by 23.5% during the third quarter. Handelsbanken Fonder AB now owns 37,800 shares of the company’s stock worth $2,315,000 after purchasing an additional 7,200 shares during the period. Quent Capital LLC purchased a new stake in shares of Dayforce during the third quarter valued at $28,000. Finally, SG Americas Securities LLC acquired a new position in shares of Dayforce in the 3rd quarter valued at $442,000.

Analyst Ratings Changes

A number of analysts have commented on DAY shares. Citigroup upped their price objective on shares of Dayforce from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Wells Fargo & Company lowered their price objective 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. KeyCorp began coverage on Dayforce in a report on Tuesday, September 24th. They issued an “overweight” rating and a $70.00 target price for the company. BMO Capital Markets reiterated an “outperform” rating and set a $75.00 price target on shares of Dayforce in a report on Tuesday, June 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.18.

Dayforce Trading Down 1.9 %

Shares of NYSE:DAY opened at $60.70 on Tuesday. The firm has a market cap of $9.58 billion, a price-to-earnings ratio of 183.94, a PEG ratio of 2.12 and a beta of 1.29. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.49. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $75.33. The company’s fifty day simple moving average is $57.01 and its 200 day simple moving average is $56.68.

Dayforce (NYSE:DAY) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. The business had revenue of $423.30 million for the quarter, compared to analyst estimates of $417.41 million. As a group, research 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.