Elo Mutual Pension Insurance Co acquired a new position in shares of Dayforce Inc (NYSE:DAY – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,560 shares of the company’s stock, valued at approximately $673,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Perspectives Inc purchased a new stake in shares of Dayforce in the second quarter valued at about $28,000. Sentry Investment Management LLC purchased a new stake in Dayforce in the 2nd quarter valued at about $33,000. Brown Brothers Harriman & Co. bought a new position in shares of Dayforce during the 2nd quarter worth approximately $66,000. American Century Companies Inc. purchased a new position in shares of Dayforce in the 2nd quarter worth approximately $264,000. Finally, Acadian Asset Management LLC bought a new position in shares of Dayforce in the second quarter valued at approximately $287,000.
Dayforce Stock Performance
NYSE DAY opened at $58.91 on Friday. The firm has a market cap of $9.30 billion, a P/E ratio of 178.52, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $55.46 and its 200-day moving average is $57.30. Dayforce Inc has a 12-month low of $47.08 and a 12-month high of $75.33.
Analysts Set New Price Targets
A number of analysts recently commented on DAY shares. Deutsche Bank Aktiengesellschaft lifted their price target on Dayforce from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. TD Cowen cut their price target on shares of Dayforce from $63.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, June 28th. Needham & Company LLC restated a “buy” rating and set a $82.00 price objective on shares of Dayforce in a report on Wednesday, July 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $75.00 target price on shares of Dayforce in a research note on Tuesday, June 11th. Finally, Citigroup decreased their price target on shares of Dayforce from $72.00 to $66.00 and set a “buy” rating for the company in a research note on Tuesday, June 18th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dayforce presently has an average rating of “Moderate Buy” and a consensus target price of $68.40.
Read Our Latest Research Report on DAY
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.
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