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The latest update is out from Dayforce Inc ( (DAY) ).
Dayforce, Inc. announced that it has received all required regulatory approvals for its previously disclosed merger with Dayforce Bidco, LLC, under which a wholly owned subsidiary of Dayforce Bidco will merge with and into Dayforce, leaving Dayforce as a wholly owned subsidiary of the parent. The company said it expects the transaction to close within the next five business days, subject to the satisfaction or waiver of remaining closing conditions, a step that would transition Dayforce to private ownership and potentially alter its capital structure and strategic flexibility for stakeholders.
The most recent analyst rating on (DAY) stock is a Hold with a $76.00 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.
Dayforce Inc’s stock score is driven by strong technical indicators and positive corporate events, particularly the acquisition by Thoma Bravo. However, financial performance and valuation concerns, including negative profitability and a high P/E ratio, weigh down the overall score.
To see Spark’s full report on DAY stock, click here.
More about Dayforce Inc
Dayforce, Inc. operates in the enterprise software sector, providing cloud-based human capital management and workforce management solutions to organizations, with a focus on helping employers manage HR, payroll, and related workforce processes at scale.
Average Trading Volume: 3,274,250
Technical Sentiment Signal: Buy
Current Market Cap: $11.09B
See more data about DAY stock on TipRanks’ Stock Analysis page.