52.18 USD
-1.15
2.16%
At close Mar 13, 4:00 PM EDT
After hours
52.18
+0.00
0.00%
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%
 

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 7,372 funds
0
Analysts bullish %
of 9 analysts

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
56%
neutral
44%
negative
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

Financial journalist opinion

Positive
Seeking Alpha
3 weeks 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.
Dayforce: Finding Success In Penetrating Upmarket And AI Adoption
Positive
Seeking Alpha
1 month 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.
Dayforce: This Dip Is A Good Buying Moment (Rating Upgrade)
Positive
Zacks Investment Research
1 month 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.
How Should Investors Approach Dayforce Shares Post Q4 Earnings?
Neutral
Seeking Alpha
1 month 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.
Dayforce Inc. (DAY) Q4 2024 Earnings Call Transcript
Positive
Zacks Investment Research
1 month 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.
Compared to Estimates, Dayforce (DAY) Q4 Earnings: A Look at Key Metrics
Positive
Zacks Investment Research
1 month 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.
Dayforce (DAY) Beats Q4 Earnings and Revenue Estimates
Negative
Reuters
1 month 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.
Dayforce forecasts downbeat quarterly revenue on sluggish HR, payroll services demand
Neutral
GlobeNewsWire
1 month 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.
Dayforce Reports Fourth Quarter and Full Year 2024 Results1
Positive
Zacks Investment Research
1 month 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.
Should You Buy, Sell or Hold DAY Stock Prior to Q4 Earnings Release?
Neutral
GlobeNewsWire
1 month ago
Dayforce to Announce Fourth Quarter and Full-Year 2024 Financial Results on February 5th
MINNEAPOLIS and TORONTO, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE:DAY) (TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced that it will release fourth quarter and full-year 2024 financial results before the open of regular market trading on Wednesday, February 5, 2025.
Dayforce to Announce Fourth Quarter and Full-Year 2024 Financial Results on February 5th
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