Dayforce Inc (NYSE:DAY) Given Average Recommendation of "Moderate Buy" by Brokerages (2024)

Shares of Dayforce Inc (NYSE:DAY - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $68.40.

Several research firms have issued reports on DAY. Needham & Company LLC reaffirmed a "buy" rating and set a $82.00 price target on shares of Dayforce in a research note on Wednesday, July 31st. Citigroup dropped their target price on Dayforce from $72.00 to $66.00 and set a "buy" rating for the company in a research note on Tuesday, June 18th. Mizuho dropped their price objective on shares of Dayforce from $95.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, May 6th. TD Cowen decreased their target price on shares of Dayforce from $63.00 to $53.00 and set a "buy" rating on the stock in a research report on Friday, June 28th. Finally, Piper Sandler raised shares of 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 research note on Wednesday, July 31st.

Get Our Latest Analysis on Dayforce

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new stake in shares of Dayforce during the 2nd quarter valued at about $51,027,000. Cannae Holdings Inc. bought a new position in shares of Dayforce during the second quarter valued at approximately $49,600,000. Fidelity National Financial Inc. acquired a new stake in shares of Dayforce during the 2nd quarter worth approximately $39,680,000. Hsbc Holdings PLC bought a new stake in shares of Dayforce in the 2nd quarter worth approximately $9,801,000. Finally, Candriam S.C.A. bought a new position in Dayforce during the 2nd quarter worth $6,027,000.

Dayforce Stock Performance

NYSE:DAY traded up $1.11 during mid-day trading on Wednesday, hitting $54.06. 1,252,928 shares of the company's stock traded hands, compared to its average volume of 1,677,667. Dayforce has a 1 year low of $47.08 and a 1 year high of $75.53. The stock has a market capitalization of $8.54 billion, a P/E ratio of 160.45, a PEG ratio of 3.79 and a beta of 1.27. The company has a current ratio of 1.11, a quick ratio of 1.07 and a debt-to-equity ratio of 0.49. The business has a 50 day simple moving average of $51.77.

Dayforce Company Profile

(Get Free Report

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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