Skip to Content
Morningstar

Dayforce Inc DAY

Morningstar Rating
Unlock
Stock XNYS Rating as of
$50.84 −0.42 (0.82%)
View Full Chart
As of Delayed Price Post-Trading: $50.84 0.00
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Dayforce Continues to Build Momentum in Enterprise Market

Emma Williams,

Dayforce offers payroll and human capital management solutions via its flagship Dayforce platform, secondary platform Powerpay, and legacy Bureau products. The company has taken share of the expansive and growing HCM market through the appeal of its agile cloud-based solutions that offer an alternative to legacy on-premises solutions or solutions cobbled together using multiple databases or platforms. Dayforce derives most of its revenue from Dayforce, which is geared to larger enterprises wishing to streamline human resources operations across multiple jurisdictions and leverage the platform’s scalable infrastructure.

Read Full Report

Price vs Fair Value

View History
DAY is trading at a 498% premium.
Price
$51.26
Fair Value
$61.00
Uncertainty
High
1-Star Price
$359.80
5-Star Price
$98.70
Economic Moat
Sqzsp
Capital Allocation
Frcpfwtmz

Bulls Say, Bears Say

Bulls

We expect greater uptake of add-on modules and ancillary functionality such as Dayforce Wallet to entrench Dayforce’s software further in a client’s business, increasing client stickiness.

Bears

We expect fierce competitive pressures and powerful clients to limit pricing growth and force Dayforce to maintain high investment in software development and innovation.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if DAY is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$51.26
Day Range
$50.71–51.32
52-Week Range
$48.65–75.53
Bid/Ask
$50.31 / $55.25
Market Cap
$8.03 Bil
Volume/Avg
1.6 Mil / 1.8 Mil

Key Statistics

Price/Earnings (Normalized)
31.69
Price/Sales
5.18
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

Dayforce provides payroll and human capital management solutions targeting clients with 100-100,000 employees. Following the 2012 acquisition of Dayforce, Dayforce pivoted away from its legacy on-premises Bureau business to become a cloud HCM provider. As of fiscal 2022, about 80% of group revenue was derived from the flagship Dayforce platform geared toward enterprise clients. The remaining revenue is about evenly split between cloud platform Powerpay, targeting small businesses in Canada, and legacy Bureau products.
Sector
Technology
Industry
Software - Application
Stock Style Box
Small Growth
Total Number of Employees
9,084
Website
https://www.dayforce.com

Competitors

Valuation

View More
Metric
DAY
PCTY
ADP
Price/Earnings (Normalized)
 31.6920.5826.47
Price/Book Value
 3.336.7820.98
Price/Sales
 5.185.555.18
Price/Cash Flow
 23.3617.1217.90
Price/Earnings
DAY
PCTY
ADP

Financial Strength

Metric
DAY
PCTY
ADP
Quick Ratio
 0.090.140.12
Current Ratio
 1.071.131.01
Interest Coverage
 3.14—13.46
Quick Ratio
DAY
PCTY
ADP

Profitability

Metric
DAY
PCTY
ADP
Return on Assets (Normalized)
 2.74%8.69%6.59%
Return on Equity (Normalized)
 11.16%39.73%94.48%
Return on Invested Capital (Normalized)
 7.93%37.09%52.00%
Return on Assets
DAY
PCTY
ADP
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Software - Application Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Salesforce Inc
CRM
YtqsgwgjxHbxc$252.9 Bil
 SAP SE ADR
SAP
ZdpYyryj$235.6 Bil
 Intuit Inc
INTU
JwjkysdzsHwyz$184.5 Bil
 ServiceNow Inc
NOW
HdpwbddzcpMtwrh$161.4 Bil
 Uber Technologies Inc
UBER
ShvfzfybZffnxm$149.0 Bil
 Shopify Inc Registered Shs -A- Subord Vtg
SHOP
NzlhbvmLylk$86.0 Bil
 Cadence Design Systems Inc
CDNS
DdcdlcvkxkBnmmgj$85.9 Bil
 Roper Technologies Inc
ROP
CzptdkqdDrxs$60.0 Bil
 Workday Inc Class A
WDAY
XqgwnvypDfs$59.9 Bil
 Autodesk Inc
ADSK
LpzynyxqqSbs$53.1 Bil

Sponsor Center