31,699 Shares in Dayforce Inc (NYSE:DAY) Acquired by Amalgamated Bank

Amalgamated Bank acquired a new position in shares of Dayforce Inc (NYSE:DAY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,699 shares of the company’s stock, valued at approximately $1,572,000.

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

Analysts Set New Price Targets

Several research firms have issued reports on DAY. Citigroup raised their target price on Dayforce from $74.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company reduced their price objective on shares of Dayforce from $64.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, June 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $82.00 target price on shares of Dayforce in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Dayforce from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, KeyCorp began coverage on shares of Dayforce in a report on Tuesday. They issued an “overweight” rating and a $70.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.36.

Dayforce Trading Down 3.2 %

NYSE:DAY opened at $58.49 on Thursday. The stock has a fifty day moving average price of $55.72 and a 200 day moving average price of $57.16. 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 Inc has a 12-month low of $47.08 and a 12-month high of $75.33. The firm has a market cap of $9.25 billion, a PE ratio of 177.25, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29.

Dayforce (NYSE:DAY) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.23 EPS for the quarter, topping 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 analysts’ expectations of $417.41 million. Sell-side analysts anticipate that Dayforce Inc will post 1.08 earnings per share for the current fiscal year.

Dayforce 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.