Benjamin F. Edwards & Company Inc. Makes New Investment in Dayforce Inc (NYSE:DAY)

Benjamin F. Edwards & Company Inc. acquired a new position in shares of Dayforce Inc (NYSE:DAY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,257 shares of the company’s stock, valued at approximately $62,000.

Other hedge funds also recently added to or reduced their stakes in the company. Financial Perspectives Inc acquired a new position in Dayforce during the 2nd quarter worth $28,000. Sentry Investment Management LLC acquired a new position in shares of Dayforce in the 2nd quarter valued at about $33,000. Brown Brothers Harriman & Co. acquired a new position in shares of Dayforce in the 2nd quarter valued at about $66,000. American Century Companies Inc. acquired a new position in shares of Dayforce in the 2nd quarter valued at about $264,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Dayforce in the 2nd quarter valued at about $287,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. KeyCorp assumed coverage on shares of Dayforce in a report on Tuesday. They issued an “overweight” rating and a $70.00 price target for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup lifted their price objective on shares of Dayforce from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company cut 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $82.00 price objective on shares of Dayforce in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

Dayforce Stock Up 2.4 %

DAY stock opened at $60.21 on Friday. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $75.33. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 182.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29. The firm’s 50-day moving average is $55.83 and its two-hundred day moving average is $57.17. 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 released its quarterly earnings results 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 company had revenue of $423.30 million for the quarter, compared to the consensus estimate of $417.41 million. On average, analysts forecast that Dayforce Inc will post 1.08 earnings per share 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.