New Mexico Educational Retirement Board Makes New $392,000 Investment in Dayforce Inc (NYSE:DAY)

New Mexico Educational Retirement Board acquired a new stake in Dayforce Inc (NYSE:DAY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 7,900 shares of the company’s stock, valued at approximately $392,000.

Separately, Candriam S.C.A. bought a new stake in shares of Dayforce in the second quarter valued at approximately $6,027,000.

Analysts Set New Price Targets

Several brokerages have weighed in on DAY. Wells Fargo & Company dropped their price objective on Dayforce from $64.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, June 21st. Piper Sandler Companies reaffirmed a “neutral” rating and issued a $68.00 price target on shares of Dayforce in a research note on Friday, May 17th. Piper Sandler upgraded shares of Dayforce from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $68.00 to $71.00 in a research note on Wednesday, July 31st. Citigroup dropped their target price on shares of Dayforce from $72.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, June 18th. Finally, TD Cowen cut their price target on shares of Dayforce from $63.00 to $53.00 and set a “buy” rating for the company in a report on Friday, June 28th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dayforce has a consensus rating of “Moderate Buy” and an average price target of $68.40.

Dayforce Trading Up 0.5 %

DAY opened at $54.47 on Friday. The company has a market cap of $8.60 billion, a P/E ratio of 165.06, a PEG ratio of 2.04 and a beta of 1.29. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $53.81 and its 200-day moving average is $58.06. Dayforce Inc has a 1-year low of $47.08 and a 1-year high of $75.53.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $423.30 million for the quarter, compared to analyst estimates of $417.41 million. Dayforce had a net margin of 2.89% and a return on equity of 6.35%. Equities research analysts predict 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.