Dayforce Inc (NYSE:DAY) Holdings Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in Dayforce Inc (NYSE:DAY) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,895 shares of the company’s stock after selling 578 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Dayforce were worth $1,373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its stake in shares of Dayforce by 11.0% during the 3rd quarter. HighTower Advisors LLC now owns 6,083 shares of the company’s stock worth $368,000 after purchasing an additional 602 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Dayforce by 1.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 56,294 shares of the company’s stock worth $3,448,000 after purchasing an additional 640 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Dayforce during the 3rd quarter worth $40,000. Stifel Financial Corp increased its stake in shares of Dayforce by 16.0% during the 3rd quarter. Stifel Financial Corp now owns 5,001 shares of the company’s stock worth $306,000 after purchasing an additional 691 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Dayforce during the 3rd quarter worth $51,000.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of Dayforce stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $71.33, for a total transaction of $71,330.00. Following the completion of the transaction, the chief operating officer now directly owns 119,022 shares of the company’s stock, valued at $8,489,839.26. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. KeyCorp increased their price target on shares of Dayforce from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Mizuho raised their target price on shares of Dayforce from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 target price (down from $85.00) on shares of Dayforce in a research note on Wednesday, January 8th. Scotiabank lowered their target price on shares of Dayforce from $75.00 to $72.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Finally, BMO Capital Markets raised their target price on shares of Dayforce from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.07.

Dayforce Price Performance

NYSE:DAY opened at $55.43 on Friday. The company has a 50-day moving average of $67.54 and a 200-day moving average of $67.85. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 503.96, a PEG ratio of 2.49 and a beta of 1.33. Dayforce Inc has a 52 week low of $47.08 and a 52 week high of $82.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.15 and a current ratio of 1.13.

Dayforce (NYSE:DAY) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.09). Dayforce had a return on equity of 6.49% and a net margin of 1.03%. As a group, equities research analysts anticipate that Dayforce Inc will post 1.48 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.