Kentucky Retirement Systems bought a new stake in shares of Dayforce Inc (NYSE:DAY – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,899 shares of the company’s stock, valued at approximately $590,000.
Other hedge funds have also recently bought and sold shares of the company. Financial Perspectives Inc bought a new position in shares of Dayforce during the 2nd quarter valued at about $28,000. Sentry Investment Management LLC acquired a new stake in Dayforce during the second quarter valued at approximately $33,000. Brown Brothers Harriman & Co. bought a new stake in Dayforce during the second quarter worth approximately $66,000. American Century Companies Inc. acquired a new position in Dayforce in the second quarter worth approximately $264,000. Finally, Acadian Asset Management LLC bought a new position in shares of Dayforce in the second quarter valued at $287,000.
Dayforce Trading Down 1.2 %
Dayforce stock opened at $58.91 on Friday. 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 $55.46 and its 200-day simple moving average is $57.30. The stock has a market cap of $9.30 billion, a P/E ratio of 178.52, a P/E/G ratio of 2.07 and a beta of 1.29.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Dayforce from $64.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Deutsche Bank Aktiengesellschaft boosted 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 shares of Dayforce from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $71.00 in a report on Wednesday, July 31st. Citigroup reduced their price target on shares of Dayforce from $72.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, June 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $82.00 price objective on shares of Dayforce in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Dayforce currently has an average rating of “Moderate Buy” and an average price target of $68.40.
Check Out Our Latest Report on DAY
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.
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