Elo Mutual Pension Insurance Co Has $793,000 Position in Dayforce Inc (NYSE:DAY)

Elo Mutual Pension Insurance Co trimmed its holdings in Dayforce Inc (NYSE:DAY) by 22.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,914 shares of the company’s stock after selling 3,112 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Dayforce were worth $793,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP acquired a new stake in Dayforce in the 3rd quarter valued at about $51,000. Harvest Fund Management Co. Ltd bought a new position in Dayforce in the 4th quarter worth approximately $61,000. AlphaQuest LLC lifted its holdings in Dayforce by 14,800.0% during the 4th quarter. AlphaQuest LLC now owns 1,043 shares of the company’s stock worth $76,000 after buying an additional 1,036 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Dayforce by 69.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,227 shares of the company’s stock valued at $89,000 after buying an additional 501 shares during the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Dayforce in the 3rd quarter valued at $179,000.

Insider Transactions at Dayforce

In related news, COO Stephen H. Holdridge sold 1,000 shares of the stock in a transaction on 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 owns 119,022 shares in the company, valued at approximately $8,489,839.26. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.50% of the company’s stock.

Dayforce Trading Down 2.2 %

Shares of NYSE:DAY opened at $58.31 on Monday. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 530.15, a PEG ratio of 2.49 and a beta of 1.33. The company has a quick ratio of 1.15, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. Dayforce Inc has a 12 month low of $47.08 and a 12 month high of $82.69. The company’s fifty day simple moving average is $63.29 and its 200 day simple moving average is $67.98.

Dayforce (NYSE:DAY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate 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, research analysts forecast that Dayforce Inc will post 1.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $80.00 price target (down previously from $85.00) on shares of Dayforce in a report on Wednesday, January 8th. Cowen raised shares of Dayforce from a “hold” rating to a “buy” rating in a research note on Friday, March 7th. Barclays reduced their price objective on shares of Dayforce from $80.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Scotiabank dropped their target price on shares of Dayforce from $72.00 to $55.00 and set a “sector perform” rating for the company in a research report on Monday, March 17th. Finally, Citigroup reduced their price target on Dayforce from $90.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.86.

Dayforce Company 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.