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Dayforce Inc ( (DAY) ) has issued an update.
On February 4, 2026, Dayforce Inc. completed its previously agreed merger with an affiliate of private equity firm Thoma Bravo, becoming a wholly owned subsidiary funded through equity from Thoma Bravo-managed funds and third-party debt financing. In connection with the transaction, the company amended the indenture governing its 0.25% Convertible Senior Notes due 2026 so that the notes are no longer convertible into Dayforce common stock but instead into cash based on the $70-per-share merger consideration, terminated all related capped call transactions for a nominal payment, and notified noteholders of their conversion and fundamental change repurchase rights ahead of the notes’ March 16, 2026 payoff and cancellation. Concurrently with the closing, Dayforce repaid and terminated all commitments under its existing credit agreement, delisted its shares from the New York Stock Exchange and initiated delisting from the Toronto Stock Exchange, moved to terminate its U.S. and Canadian reporting issuer status, exchanged remaining exchangeable shares of Ceridian AcquisitionCo ULC for 1,950,866 Dayforce common shares on February 3, 2026, and implemented a full governance reset, including replacing its board, and amending and restating its certificate of incorporation and bylaws to reflect its new private ownership structure and change in control.
The most recent analyst rating on (DAY) stock is a Buy with a $77.00 price target. To see the full list of analyst forecasts on Dayforce Inc stock, see the DAY Stock Forecast page.
Spark’s Take on DAY Stock
According to Spark, TipRanks’ AI Analyst, DAY is a Neutral.
The score is primarily driven by moderate financial performance: strong gross margin and revenue trend are offset by ongoing losses and declining free cash flow. Technicals are neutral-to-slightly positive, while valuation is penalized by negative earnings (negative P/E) and no dividend. Corporate events add support due to the advancing going-private transaction, partially offset by related legal/disclosure risks.
To see Spark’s full report on DAY stock, click here.
More about Dayforce Inc
Dayforce Inc. is a provider of human capital management and payroll solutions, offering cloud-based software to enterprises for workforce management, payroll processing and related services in North America and other markets.
Average Trading Volume: 3,781,568
Technical Sentiment Signal: Buy
Current Market Cap: $11.03B
See more insights into DAY stock on TipRanks’ Stock Analysis page.