How to Buy Dayforce Stock
Dayforce Inc
Ceridian HCM Holding Inc. operates as a human capital management (HCM) software company in the United States, Canada, and internationally.
Dayforce stock last closed at $59.58, down 0.2% from the previous day, and has decreased 4.49% in one year. It has underperformed other stocks in the Software - Application industry by 0.32 percentage points. Dayforce stock is currently +7.12% from its 52-week low of $55.62, and -21.12% from its 52-week high of $75.53.
As of Apr 25, 2024, there are 156.6M DAY shares outstanding. The market capitalization of DAY is $9.33B. In the last 24 hours, 1.2M DAY shares were traded.
How to Buy Dayforce Stock
Wondering how to invest in Dayforce stock? Here's how.
- Choose where to buy Dayforce stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you determine where to buy Dayforce stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your method of payment and add your information.
- Evaluate Dayforce stock: The Dayforce ticker symbol is DAY. Is Dayforce stock a good investment? Should you buy shares of DAY? How do DAY's underlying business fundamentals look? Do top analysts think Dayforce is a good buy? Why has DAY's stock price moved recently? (Hint: Our stock market analysis website can help you understand if DAY is a good stock to buy).
- Make your DAY buy order: Decide if you will purchase DAY shares at the current market price or use a limit order to buy DAY stock at a specific price.
- Track your DAY investment: Create a watchlist to get the latest news on your new investment in Dayforce shares.
Step 1: Choose where to buy Dayforce stock
You need a brokerage account to access the NYSE market and buy DAY shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal information so you can invest in DAY today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create your new brokerage account.
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Step 3: Deposit funds into your brokerage account
Now that you've filled out your info on our top ranked stock app, your next step is to transfer the money for your investment:
Watch the tutorial below to see the process of transferring money into your new investment account.
Step 4: Evaluate Dayforce stock
Once you have chosen the best place to buy Dayforce stock, it's absolutely critical to research their stock prior to investing, so you actually comprehend the risk and upside.
Dayforce stock quick numbers
Dayforce Overview
WallStreetZen was built to help part-time investors do more accurate fundamental analysis quickly.
You can view all of the due diligence checks on DAY's stock page.
Is DAY stock undervalued or overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge DAY's intrinsic value.
Using relative valuations ratios:
- DAY could be overvalued based on its P/E ratio of 170.23x, relative to Software - Application industry P/E ratio of 101.91x
- DAY could be undervalued based on its P/B ratio of 3.89x, relative to Software - Application industry P/B ratio of 6.49x
You can access more valuation analysis on DAY's stock here.
DAY Financial Health Overview
Passed Health Checks:
- DAY profit margin has gone up from -5.9% to 3.6% in the past year.
- There are more short-term assets than long-term liabilities on the DAY balance sheet.
- There are more short-term assets than short-term liabilities on the DAY balance sheet.
Failed Health Checks:
- DAY has a relatively high debt to equity ratio of 2.76.
- DAY earnings of $132.10M is not sufficient to cover its interest payments.
- Total DAY debt is higher than 5 years ago, relative to shareholder equity.
- DAY's operating cash flow of $219.50M allows it to safely service it's debt of $1.24B.
Is it a good time to buy Dayforce stock, according to analysts?
Out of 7 sell side analysts who research DAY, the consensus analyst rating on DAY is a Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
Latest DAY Analyst Ratings
Kevin Mcveigh, a bottom 4% analyst from UBS initiates coverage on DAY with a strong buy rating and announces their DAY price target of $87.00, on Nov 7, 2023.
Mark Murphy, a top 9% analyst from JP Morgan maintains DAY with a hold rating and lowers their DAY price target from $65.00 to $62.00, on Nov 2, 2023.
You can dive deeper into what analysts are saying on the Dayforce stock forecast page.
DAY Momentum
DAY Performance Numbers
Last year, DAY earnings were $54.80M. During the last four year, DAY's earnings have grown by -10.68% per year. This was slower than the Software - Application industry average of 30.98%.
Last year, DAY revenue was $1.51B. During the past five year, DAY's revenue has grown by 15.37% per year. This was slower than the Software - Application industry average of 27.57%.
Find out more about DAY's earnings and revenue performance here.
Latest Insiders Trades at DAY
Over the last year, executives and large shareholders at DAY have sold more shares than they have bought.
Christopher R. Armstrong, EVP Chief Operating Officer of DAY, was the latest DAY insider to sell. They sold $175,035.50 worth of DAY stock on Mar 22, 2024.
Dig into more about who owns DAY shares here.
Does DAY stock generate passive income?
No, Dayforce doesn't provide an income stream by paying out dividends.
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Step 5: Make your DAY buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open Trade button and your broker will place your order.
If you require more info about investing in stocks on eToro, click the how to video below:
Step 6: Track your DAY investment
Now that you own some DAY shares, you'll want to stay up-to-date on your new stock purchase.
Make a watchlist to monitor your DAY stock.
DAY Feed
How to Buy Stock in Dayforce
To summarize, here are the 6 steps you need to take to buy Dayforce stock right now:
- Choose where to buy Dayforce stock
- Open your brokerage account
- Deposit funds into your brokerage account
- Evaluate Dayforce stock
- Make your DAY buy order
- Track your DAY investment
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Dayforce, click the button below.
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