Dayforce
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: 9,600
0
Funds holding %
of 7,407 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
115% more first-time investments, than exits
New positions opened: 73 | Existing positions closed: 34
21% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 122
16% more capital invested
Capital invested by funds: $11.3B [Q3] → $13.2B (+$1.82B) [Q4]
10% more funds holding
Funds holding: 353 [Q3] → 387 (+34) [Q4]
2% less call options, than puts
Call options by funds: $24.5M | Put options by funds: $25.1M
2.22% less ownership
Funds ownership: 117.11% [Q3] → 114.89% (-2.22%) [Q4]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$55
2%
upside
Avg. target
$77
43%
upside
High target
$95
75%
upside
7 analyst ratings
4 positive
57%
3 neutral
43%
0 negative
0%
Mizuho Arvind Ramnani 30% 1-year accuracy 20 / 67 met price target | 48%upside $80 | Outperform Maintained | 15 Apr 2025 |
Scotiabank Allan Verkhovski 23% 1-year accuracy 3 / 13 met price target | 2%upside $55 | Sector Perform Maintained | 17 Mar 2025 |
Stifel Brad Reback 23% 1-year accuracy 11 / 48 met price target | 57%upside $85 | Buy Maintained | 6 Feb 2025 |
Barclays Raimo Lenschow 28% 1-year accuracy 22 / 79 met price target | 27%upside $69 | Equal-Weight Maintained | 6 Feb 2025 |
Needham Scott Berg 16% 1-year accuracy 27 / 164 met price target | 75%upside $95 | Buy Reiterated | 6 Feb 2025 |
Financial journalist opinion
Positive
Zacks Investment Research
1 week ago
Dayforce (DAY) Upgraded to Buy: Here's What You Should Know
Dayforce (DAY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Positive
Seeking Alpha
2 months ago
Dayforce: Finding Success In Penetrating Upmarket And AI Adoption
I give a buy rating for Dayforce due to its accelerating enterprise expansion and AI innovations, positioning it for continued growth. Enterprise expansion is driving larger deal sizes, higher contract values, and better revenue visibility, with a shift towards larger customers. AI innovations like Co-Pilot and demand forecasting tools enhance DAY's platform stickiness, increasing spend per customer and retention rates.
Positive
Seeking Alpha
2 months ago
Dayforce: This Dip Is A Good Buying Moment (Rating Upgrade)
Dayforce's stock fell ~8% after a weakly received 2025 outlook, creating a buying opportunity, with shares now trading at an attractive price near $67. Despite a deceleration in revenue growth, Dayforce's constant currency growth is 15.5-17.0%, with management expecting 15% long-term growth and 100-150bps EBITDA margin expansion. Dayforce's Q4 revenue grew 16% y/y, beating expectations, with core recurring revenue up 20% y/y and sales cycles normalizing, boosting confidence in future targets.
Positive
Zacks Investment Research
2 months ago
How Should Investors Approach Dayforce Shares Post Q4 Earnings?
DAY fourth-quarter 2024 results benefit from an innovative portfolio and robust recurring revenue growth.
Neutral
Seeking Alpha
2 months ago
Dayforce Inc. (DAY) Q4 2024 Earnings Call Transcript
Dayforce Inc. (NYSE:DAY ) Q4 2024 Earnings Conference Call February 5, 2025 8:00 AM ET Company Participants David Niederman - Vice President, Investor Relations David Ossip - Chair and Chief Executive Officer Jeremy Johnson - Executive Vice President and Chief Financial Officer Steve Holdridge - President and Chief Operating Officer Joe Korngiebel - Executive Vice President and Chief Strategy, Product, and Technology Officer Conference Call Participants Siti Panigrahi - Mizuho Securities Mark Murphy - JPMorgan Chase Raimo Lenschow - Barclays Mark Marcon - Robert W. Baird Samad Samana - Jefferies Scott Berg - Needham & Company Steve Enders - Citi Kevin Mcveigh - UBS Alex Zukin - Wolfe Research Brad Reback - Stifel Operator Greetings and welcome to Dayforce's Fourth Quarter and Full Year 2024 Earnings Call.
Positive
Zacks Investment Research
2 months ago
Compared to Estimates, Dayforce (DAY) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for Dayforce (DAY) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
2 months ago
Dayforce (DAY) Beats Q4 Earnings and Revenue Estimates
Dayforce (DAY) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.50 per share a year ago.
Negative
Reuters
2 months ago
Dayforce forecasts downbeat quarterly revenue on sluggish HR, payroll services demand
Dayforce forecast first-quarter revenue below estimates on Wednesday due to waning demand for its payroll and human resources services, as small- and medium-sized businesses curtail spending due to macroeconomic uncertainty.
Neutral
GlobeNewsWire
2 months ago
Dayforce Reports Fourth Quarter and Full Year 2024 Results1
Dayforce® recurring revenue of $347.9 million, up 19% year-over-year in the fourth quarter Total revenue of $465.2 million, up 16% year-over-year in the fourth quarter Full year 2024 net cash provided by operating activities of $281.1 million, up 28% Annual Dayforce gross revenue retention rate of 98% MINNEAPOLIS and TORONTO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Dayforce, Inc. ("Dayforce" or the "Company") (NYSE:DAY) (TSX:DAY), a global leader in human capital management ("HCM") technology, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. "2024 was a year of outstanding progress and innovation for Dayforce.
Positive
Zacks Investment Research
2 months ago
Should You Buy, Sell or Hold DAY Stock Prior to Q4 Earnings Release?
Dayforce's Q4 results are likely to benefit from an innovative portfolio and resilient sector demand amid prolonged sales cycles and macroeconomic pressures.
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