Software stock Dayforce Inc (NYSE:DAY) was last seen up 25.3% to trade at $66.24, after Bloomberg reported that private equity firm Thoma Bravo is in talks to buy the company, which is valued at $8.4 billion.
Payroll stocks stood out Thursday as June's Jobs Report came in stronger than expected, marking the 11th consecutive month that the U.S. has exceeded expectations for positive job creation.
Dayforce's Q4 results are likely to benefit from an innovative portfolio and resilient sector demand amid prolonged sales cycles and macroeconomic pressures.
Barclays raised the firm's price target on Dayforce to $84 from $80 and keeps an Equal Weight rating on the shares. With software "back in favor again," valuation levels have now caught up to historical averages, the analyst tells investors in a research note. However, the firm says there could be further upside as estimates have not moved higher yet and as base valuations shift out another year to 2026.
Dayforce's third-quarter 2024 results are likely to reflect benefits of the Asia-Pacific expansion, resilient sector demand and compliance focus.
NEW YORK, NY / ACCESSWIRE / August 29, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dayforce Inc ("Dayforce") (NYSE:DAY) concerning possible violations of federal securities laws. On April 4, 2024, Dayforce was the subject of a report published by Blue Orca Capital.
NEW YORK, NY / ACCESSWIRE / August 28, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dayforce Inc ("Dayforce") (NYSE:DAY) concerning possible violations of federal securities laws. On April 4, 2024, Dayforce was the subject of a report published by Blue Orca Capital.
NEW YORK, NY / ACCESSWIRE / August 27, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dayforce Inc ("Dayforce") (NYSE:DAY) concerning possible violations of federal securities laws. On April 4, 2024, Dayforce was the subject of a report published by Blue Orca Capital.
NEW YORK, NY / ACCESSWIRE / August 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dayforce Inc ("Dayforce") (NYSE:DAY) concerning possible violations of federal securities laws. On April 4, 2024, Dayforce was the subject of a report published by Blue Orca Capital.
NEW YORK, NY / ACCESSWIRE / August 23, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dayforce Inc ("Dayforce") (NYSE:DAY) concerning possible violations of federal securities laws. On April 4, 2024, Dayforce was the subject of a report published by Blue Orca Capital.
NEW YORK, NY / ACCESSWIRE / August 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dayforce Inc ("Dayforce") (NYSE:DAY) concerning possible violations of federal securities laws. On April 4, 2024, Dayforce was the subject of a report published by Blue Orca Capital.
NEW YORK, NY / ACCESSWIRE / August 20, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Dayforce Inc ("Dayforce") (NYSE:DAY) concerning possible violations of federal securities laws. On April 4, 2024, Dayforce was the subject of a report published by Blue Orca Capital.