Mutual of America Capital Management LLC Lowers Holdings in Dayforce Inc (NYSE:DAY)

Mutual of America Capital Management LLC lowered its position in shares of Dayforce Inc (NYSE:DAY) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,473 shares of the company’s stock after selling 446 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dayforce were worth $1,193,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Financial Perspectives Inc purchased a new position in Dayforce during the second quarter worth about $28,000. Quent Capital LLC acquired a new position in Dayforce during the 3rd quarter worth approximately $28,000. Sentry Investment Management LLC purchased a new position in shares of Dayforce during the 2nd quarter worth approximately $33,000. Farther Finance Advisors LLC acquired a new stake in shares of Dayforce in the 3rd quarter valued at approximately $40,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Dayforce in the second quarter valued at approximately $62,000.

Wall Street Analysts Forecast Growth

DAY has been the topic of a number of recent analyst reports. Citigroup increased their price objective on Dayforce from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC increased their price target on shares of Dayforce from $82.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Piper Sandler reiterated an “overweight” rating and issued a $94.00 price objective (up previously from $82.00) on shares of Dayforce in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets increased their target price on shares of Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.77.

Dayforce Price Performance

Shares of NYSE:DAY opened at $81.83 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.15. The business’s fifty day moving average price is $67.75 and its two-hundred day moving average price is $58.96. The stock has a market cap of $12.90 billion, a PE ratio of 247.98, a price-to-earnings-growth ratio of 3.75 and a beta of 1.27. Dayforce Inc has a one year low of $47.08 and a one year high of $82.69.

Insider Activity

In related news, insider Jeffrey Scott Jacobs sold 643 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $63.37, for a total value of $40,746.91. Following the completion of the transaction, the insider now owns 34,074 shares of the company’s stock, valued at approximately $2,159,269.38. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Stephen H. Holdridge sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $65.00, for a total transaction of $65,000.00. Following the sale, the chief operating officer now directly owns 100,437 shares in the company, valued at $6,528,405. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,643 shares of company stock worth $460,877 over the last three months. 4.90% of the stock is currently owned by corporate insiders.

About Dayforce

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.