Livforsakringsbolaget Skandia Omsesidigt Takes Position in Dayforce Inc (NYSE:DAY)

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Dayforce Inc (NYSE:DAY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,200 shares of the company’s stock, valued at approximately $74,000.

Other large investors have also added to or reduced their stakes in the company. Candriam S.C.A. bought a new position in Dayforce during the 2nd quarter worth $6,027,000. New Mexico Educational Retirement Board bought a new position in shares of Dayforce during the second quarter worth about $392,000. Acadian Asset Management LLC acquired a new position in shares of Dayforce in the second quarter worth approximately $287,000. Prudential PLC bought a new stake in Dayforce in the second quarter valued at approximately $490,000. Finally, Texas Permanent School Fund Corp acquired a new stake in Dayforce during the 2nd quarter valued at approximately $1,281,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DAY. Mizuho upped their price objective on shares of Dayforce from $70.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday. Piper Sandler upgraded Dayforce from a “neutral” rating to an “overweight” rating and increased their price target 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 target price on shares of Dayforce in a research report on Wednesday, July 31st. Wells Fargo & Company lowered their target price on Dayforce from $64.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. Finally, Citigroup increased their price target on Dayforce from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. 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 an average target price of $70.18.

Dayforce Stock Down 0.0 %

Shares of NYSE:DAY opened at $63.94 on Thursday. The company has a market capitalization of $10.10 billion, a PE ratio of 193.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.29. Dayforce Inc has a 1 year low of $47.08 and a 1 year high of $75.10. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day moving average price of $58.17 and a two-hundred day moving average price of $56.55.

Dayforce (NYSE:DAY) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.23 earnings per share (EPS) 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%. Analysts forecast that Dayforce Inc will post 1.07 earnings per share for the current year.

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.