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
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
112% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 34
20% more repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 123
16% more capital invested
Capital invested by funds: $11.4B [Q3] → $13.2B (+$1.8B) [Q4]
9% more funds holding
Funds holding: 354 [Q3] → 386 (+32) [Q4]
2% less call options, than puts
Call options by funds: $24.5M | Put options by funds: $25.1M
2.4% less ownership
Funds ownership: 117.38% [Q3] → 114.98% (-2.4%) [Q4]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Stifel Brad Reback 29% 1-year accuracy 14 / 48 met price target | 63%upside $85 | Buy Maintained | 6 Feb 2025 |
Scotiabank Allan Verkhovski 11% 1-year accuracy 1 / 9 met price target | 38%upside $72 | Sector Perform Maintained | 6 Feb 2025 |
Barclays Raimo Lenschow 35% 1-year accuracy 29 / 82 met price target | 32%upside $69 | Equal-Weight Maintained | 6 Feb 2025 |
Needham Scott Berg 23% 1-year accuracy 38 / 162 met price target | 82%upside $95 | Buy Reiterated | 6 Feb 2025 |
Jefferies Samad Samana 28% 1-year accuracy 5 / 18 met price target | 44%upside $75 | Hold Maintained | 6 Feb 2025 |
Financial journalist opinion









