American Century Companies Inc. Takes Position in Dayforce Inc (NYSE:DAY)

American Century Companies Inc. bought a new stake in Dayforce Inc (NYSE:DAY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,324 shares of the company’s stock, valued at approximately $264,000.

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

Analyst Ratings Changes

Several research firms recently weighed in on DAY. KeyCorp started coverage on shares of Dayforce in a research report on Tuesday, September 24th. They issued an “overweight” rating and a $70.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Dayforce from $64.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, June 21st. Needham & Company LLC reiterated a “buy” rating and set a $82.00 target price on shares of Dayforce in a research report on Wednesday, July 31st. Citigroup upped their target price on shares of Dayforce from $74.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Finally, TD Cowen dropped their target price on shares of Dayforce from $63.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, June 28th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.36.

Dayforce Price Performance

Shares of DAY stock opened at $61.86 on Friday. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $75.33. The firm has a market capitalization of $9.77 billion, a price-to-earnings ratio of 187.45, a price-to-earnings-growth 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. The firm has a fifty day moving average of $56.87 and a 200-day moving average of $56.91.

Dayforce (NYSE:DAY) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $417.41 million. On average, equities research analysts forecast that Dayforce Inc will post 1.08 earnings per share for the current 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.