Are Wall Street Analysts Bullish on Dayforce Stock?

Valued at a market cap of $11.8 billion, Minneapolis, Minnesota-based Dayforce Inc (DAY) is a leading provider of human capital management (HCM) software solutions. Its cloud-based platforms, Dayforce and Powerpay, offer services such as payroll, workforce management, benefits, and talent intelligence for businesses globally.

Shares of the human resources software and services provider have underperformed the broader market over the past 52 weeks. DAY has risen 7.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 31.1%. In 2024, shares of DAY are up 11.4%, compared to SPX’s 24.1% gain on a YTD basis.