Dayforce said that it has received an overwhelmingly positive stockholder vote for a proposed $12.3 billion buyout of the HR software provider by Thoma Bravo, a month after its largest shareholder said it would vote against the deal.
DAY posts higher third-quarter 2025 revenues despite earnings miss, as recurring revenues and operating margins show strong year-over-year growth.
Dayforce (DAY) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.47 per share a year ago.
DAY's third-quarter 2025 results are likely to benefit from an expanding clientele and a strong portfolio.
The $12 billion take-private deal of the human-resources software company comes after the stock had already lost more than a quarter of its value this year.
Thoma Bravo will pay $70 a share in an all-cash deal that values Dayforce at $12.3 billion.
Shares of Dayforce rose 4% before the opening bell on Wednesday after the HR software provider confirmed it is in advanced talks to be acquired by private equity firm Thoma Bravo for $70 per share. The proposed price represents a 32% premium to Dayforce's closing level on August 15, the day before reports of the potential deal emerged.
Major U.S. equities indexes were little changed Monday morning, ahead of retail sector earnings reports and comments from Federal Reserve Chair Jerome Powell due later in the week.
Dayforce (DAY) shares soared more than 20% on indications that private equity firm Thoma Bravo is in talks to purchase the human resources software provider.
Shares of Dayforce Inc. surged on Monday after a report that the human resource software and services group could be a buyout target.
DAY posts 27% EPS growth and offers positive 2025 guidance, fueled by strong recurring revenues and margin expansion.
Dayforce Inc. (NYSE:DAY ) Q2 2025 Earnings Conference Call August 6, 2025 8:00 AM ET Company Participants David Niederman - Vice President of Investor Relations David D. Ossip - Chairman & CEO Jeremy R.