Dayforce (DAY)

• Market cap: $8.29B
• 1 day: -2.16%
• 5 days: -5.51%
• 1 month: -21.75%
• 3 months: -32.38%
• 6 months: -12.17%
• Year to date: -26.91%
• 1 year: -22.89%
• 5 years: -5.21%
• 10 years: 67.19%
• Sector: Information Technology
• Industry: Prepackaged Software

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

• Low target: $69 32% upside
• Avg. target: $81 56% upside
• High target: $95 82% upside

9 analyst ratings

• positive: 5 56%
• neutral: 4 44%
• negative: 0 0%

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