Kentucky Retirement Systems and multiple investment firms took positions in Dayforce Inc (
NYSE:DAY). The financial soundness of Dayforce, an HR software provider, has been under discussion with some believing the company is fully valued and others questioning if it's too late to invest. In the second quarter of 2024, the company plans to announce its financial results and participate in upcoming investor conferences. Significant developments include a
$500 million share repurchase program and a
massive amount of capital flowing into the company from major shareholders such as Fidelity National Financial Inc., Cannae Holdings Inc. and Candriam S.C.A. Despite a downturn for Dayforce stock, their digital wallet has been popular, surpassing $4B in payroll delivered. Rebranding of Ceridian to Dayforce and the acquisition of eloomi were significant changes. Bullish prospects were further reaffirmed by BMO who raised their stock target after robust 2Q results. Despite previous losses, investors appear satisfied with Dayforce’s potential. Notably, the
influence of wages on the workforce has been researched, a factor Dayforce seeks to address with their Flex Work offering.
Dayforce DAY News Analytics from Wed, 31 Jul 2019 07:00:00 GMT to Sun, 22 Sep 2024 13:06:52 GMT -
Rating 2
- Innovation 8
- Information 7
- Rumor -4
