Toronto Dominion Bank Buys Shares of 45,270 Dayforce Inc (NYSE:DAY)

Toronto Dominion Bank purchased a new position in Dayforce Inc (NYSE:DAY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,270 shares of the company’s stock, valued at approximately $2,245,000.

A number of other large investors have also recently made changes to their positions in the stock. Financial Perspectives Inc purchased a new stake in Dayforce in the second quarter worth approximately $28,000. Sentry Investment Management LLC purchased a new position in shares of Dayforce in the 2nd quarter worth $33,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Dayforce in the 2nd quarter worth $62,000. Brown Brothers Harriman & Co. bought a new stake in shares of Dayforce in the second quarter worth $66,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Dayforce during the second quarter valued at $97,000.

Dayforce Stock Up 2.4 %

NYSE DAY opened at $60.20 on Monday. 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 stock’s 50 day moving average is $55.97 and its 200 day moving average is $57.04. The stock has a market cap of $9.51 billion, a PE ratio of 182.42, a P/E/G ratio of 2.12 and a beta of 1.29.

Dayforce (NYSE:DAY) last issued its earnings results on Wednesday, July 31st. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $423.30 million during 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%. Research analysts predict that Dayforce Inc will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DAY shares. BMO Capital Markets reissued an “outperform” rating and issued a $75.00 target price on shares of Dayforce in a research report on Tuesday, June 11th. Piper Sandler raised shares of Dayforce from a “neutral” rating to an “overweight” rating and upped their target price for the company from $68.00 to $71.00 in a report on Wednesday, July 31st. KeyCorp started coverage on shares of Dayforce in a research note on Tuesday, September 24th. They set an “overweight” rating and a $70.00 price target on the stock. Wells Fargo & Company reduced their price objective on Dayforce from $64.00 to $52.00 and set an “equal weight” rating for the company in a research note on Friday, June 21st. Finally, TD Cowen lowered their target price on Dayforce from $63.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.36.

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.