DayforceDAY
Market Cap: $9.43B
About: Dayforce provides payroll and human capital management solutions targeting clients with 100-100,000 employees. Following the 2012 acquisition of Dayforce, Dayforce pivoted away from its legacy on-premises Bureau business to become a cloud HCM provider. As of fiscal 2022, about 80% of group revenue was derived from the flagship Dayforce platform geared toward enterprise clients. The remaining revenue is about evenly split between cloud platform Powerpay, targeting small businesses in Canada, and legacy Bureau products.
Employees: 9,084
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
285% more call options, than puts
Call options by funds: $47.7M | Put options by funds: $12.4M
4.15% more ownership
Funds ownership: 112.7% [Q1] → 116.85% (+4.15%) [Q2]
1% more repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 137
5% less funds holding
Funds holding: 377 [Q1] → 359 (-18) [Q2]
22% less capital invested
Capital invested by funds: $11.7B [Q1] → $9.15B (-$2.53B) [Q2]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]
27% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 66
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Deutsche Bank Bhavin Shah 100% 1-year accuracy 5 / 5 met price target | 26%upside $75 | Buy Maintained | 1 Aug 2024 |
BMO Capital Daniel Jester 50% 1-year accuracy 9 / 18 met price target | 17%upside $70 | Outperform Maintained | 1 Aug 2024 |
Barclays Raimo Lenschow 49% 1-year accuracy 37 / 75 met price target | 6%upside $63 | Equal-Weight Maintained | 1 Aug 2024 |
Needham Scott Berg 39% 1-year accuracy 53 / 135 met price target | 37%upside $82 | Buy Reiterated | 31 Jul 2024 |
Piper Sandler Arvind Ramnani 66% 1-year accuracy 38 / 58 met price target | 19%upside $71 | Overweight Upgraded | 31 Jul 2024 |
Financial journalist opinion
Based on 7 articles about DAY published over the past 30 days