Dayforce, Inc.
NYSE-DAY
Company Overview
Dayforce Inc., together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. It offers Dayforce, a cloud HCM platform that provides human resources, payroll, benefits, workforce management, and talent management functionality; and Powerpay, a cloud HR and payroll solution for the small business market. The company also provides Bureau solutions for payroll and payroll-related services. It sells its solutions through direct sales force and third-party channels. The company was formerly known as Ceridian HCM Holding Inc. and changed its name to Dayforce Inc. in February 2024. Dayforce Inc. was incorporated in 2013 and is headquartered in Minneapolis, Minnesota.
Name
Dayforce, Inc.
CEO
David D. Ossip
Website
www.dayforce.com
Sector
Professional Services
Year Founded
1992
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Bulls Say
With the average customer still only utilizing a single module, there is a significant opportunity to accelerate growth through its existing customer base.
Ancillary offerings not typically associated with legacy HCM offerings such as Dayforce Wallet and Flex Work could help attract new customers and accelerate growth.
Dayforce is one of a few payroll/HCM companies that has global scale. As enterprises look to consolidate platforms across their organizations, Dayforce is a likely beneficiary as it can service client needs wherever they operate.
Bears Say
As a company that is highly dependent on labor force participation and general employment levels, any decline in the macroeconomic environment would negatively impact the business.
As a software company still in the growth phase of its story, if Dayforce fails to successfully scale, it will be unable to generate economic profits.
Dayforce competes against several large well-capitalized players. If it is unable to innovate or performs subpar service, it is susceptible to losing customers.