Dayforce stockholders approved Thoma Bravo's acquisition, with a share price of $70.00, pending customary closing conditions.
Quiver AI Summary
Dayforce, Inc. announced that its stockholders have approved the acquisition of the company by Thoma Bravo during a special meeting, with approximately 88.4% of votes in favor. David Ossip, Dayforce's Chair and CEO, expressed gratitude for the stockholders' support, emphasizing that this partnership will facilitate business acceleration, enhance customer impact, and foster innovation. Under the agreement, Dayforce stockholders will receive US$70.00 per share in cash. The acquisition is projected to close in late 2025 or early 2026, pending customary conditions. The final voting results will be disclosed in a subsequent SEC filing.
Potential Positives
- Dayforce's stockholders overwhelmingly approved the acquisition by Thoma Bravo, with approximately 88.4% of votes in favor, indicating strong support for the transaction.
- The acquisition will provide Dayforce with the opportunity to accelerate its business growth and deepen its customer impact through a partnership with a leading software-focused investment firm.
- Upon closing of the acquisition, Dayforce stockholders will receive $70.00 per share in cash, which represents a significant financial return for its investors.
- The acquisition aligns Dayforce with Thoma Bravo’s extensive expertise and resources in the software sector, potentially enhancing innovation and operational practices within the company.
Potential Negatives
- Approval of the acquisition by Thoma Bravo may indicate that Dayforce is unable to sustain independent growth, leading to concerns about its long-term viability.
- Potential risks are highlighted in the press release regarding the completion of the acquisition, including regulatory approvals and the ability to meet closing conditions, which could create uncertainty for stakeholders.
- The mention of risks related to management disruption and impacts on customer and employee relationships suggests possible operational challenges that could affect Dayforce's performance during the transition.
FAQ
What acquisition was approved by Dayforce stockholders?
The acquisition of Dayforce by Thoma Bravo was approved by stockholders at a special meeting.
What percentage of votes supported the acquisition?
Approximately 88.4% of votes cast supported the acquisition of Dayforce by Thoma Bravo.
What will Dayforce stockholders receive from the acquisition?
Dayforce stockholders will receive US$70.00 per share in cash for each share owned.
When is the acquisition expected to close?
The acquisition is expected to close in late 2025 or early 2026, pending customary conditions.
Who is Thoma Bravo?
Thoma Bravo is a leading software-focused investor with approximately $181 billion in assets under management.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DAY Congressional Stock Trading
Members of Congress have traded $DAY stock 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $DAY stock by members of Congress over the last 6 months:
- REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 3 times. They made 0 purchases and 3 sales worth up to $80,000 on 09/11, 08/19, 05/27.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 2 purchases worth up to $30,000 on 07/31, 06/11 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$DAY Insider Trading Activity
$DAY insiders have traded $DAY stock on the open market 24 times in the past 6 months. Of those trades, 0 have been purchases and 24 have been sales.
Here’s a breakdown of recent trading of $DAY stock by insiders over the last 6 months:
- T ROWE ASSOCIATES INC /MD/ PRICE has made 0 purchases and 7 sales selling 86,454 shares for an estimated $5,926,308.
- SAMER ALKHARRAT (EVP, Chief Revenue Officer) has made 0 purchases and 6 sales selling 18,987 shares for an estimated $1,209,074.
- STEPHEN H. HOLDRIDGE (President, COO) has made 0 purchases and 6 sales selling 12,000 shares for an estimated $724,040.
- WILLIAM EVERETT MCDONALD (EVP, CLO, & Secretary) has made 0 purchases and 3 sales selling 6,971 shares for an estimated $446,259.
- JEFFREY SCOTT JACOBS (Head of Acct & Fin Reporting) has made 0 purchases and 2 sales selling 1,053 shares for an estimated $70,464.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DAY Hedge Fund Activity
We have seen 181 institutional investors add shares of $DAY stock to their portfolio, and 248 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRICE T ROWE ASSOCIATES INC /MD/ added 8,418,983 shares (+50.7%) to their portfolio in Q2 2025, for an estimated $466,327,468
- CAPITAL RESEARCH GLOBAL INVESTORS removed 6,072,133 shares (-63.9%) from their portfolio in Q2 2025, for an estimated $336,335,446
- SELECT EQUITY GROUP, L.P. removed 2,885,686 shares (-53.1%) from their portfolio in Q2 2025, for an estimated $159,838,147
- EDGEPOINT INVESTMENT GROUP INC. added 2,383,969 shares (+17.2%) to their portfolio in Q2 2025, for an estimated $132,048,042
- JANUS HENDERSON GROUP PLC added 2,025,215 shares (+31.8%) to their portfolio in Q2 2025, for an estimated $112,176,658
- BLACKROCK, INC. removed 1,436,550 shares (-12.7%) from their portfolio in Q2 2025, for an estimated $79,570,504
- FULLER & THALER ASSET MANAGEMENT, INC. removed 959,808 shares (-99.9%) from their portfolio in Q2 2025, for an estimated $53,163,765
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DAY Analyst Ratings
Wall Street analysts have issued reports on $DAY in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- UBS issued a "Buy" rating on 06/05/2025
To track analyst ratings and price targets for $DAY, check out Quiver Quantitative's $DAY forecast page.
$DAY Price Targets
Multiple analysts have issued price targets for $DAY recently. We have seen 9 analysts offer price targets for $DAY in the last 6 months, with a median target of $70.0.
Here are some recent targets:
- Brad Reback from Stifel set a target price of $70.0 on 09/19/2025
- Steven Enders from Citigroup set a target price of $70.0 on 09/17/2025
- Michael Turrin from Wells Fargo set a target price of $70.0 on 08/22/2025
- Scott Berg from Needham set a target price of $95.0 on 08/22/2025
- Daniel Jester from BMO Capital set a target price of $70.0 on 08/22/2025
- Raimo Lenschow from Barclays set a target price of $70.0 on 08/22/2025
- Bhavin Shah from Deutsche Bank set a target price of $70.0 on 08/22/2025
Full Release
MINNEAPOLIS and TORONTO, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Dayforce, Inc. (“Dayforce” or the “Company”) (NYSE:DAY) (TSX:DAY), a global human capital management (HCM) leader that makes work life better, today announced that its stockholders approved the acquisition of Dayforce by Thoma Bravo at the special meeting of stockholders (the “Special Meeting”), held today.
“This is an important milestone in our transaction with Thoma Bravo, and we thank our stockholders for their support,” said David Ossip, Chair and CEO of Dayforce. “Our partnership with Thoma Bravo will enable Dayforce to accelerate our business, deepen customer impact, and continue to drive innovation.”
At the Special Meeting, preliminary results showed that approximately 88.4% of votes cast, representing 78.8% of the voting power of Dayforce’s outstanding voting stock as of the record date, voted in favor of the approval of the acquisition of the Company by Thoma Bravo.
The final voting results on the proposals voted on at the Special Meeting will be set forth in Dayforce’s Form 8-K filed with the U.S. Securities and Exchange Commission.
The closing of the transaction with Thoma Bravo remains subject to customary closing conditions and is expected to close in late 2025 or early 2026. Under the terms of the merger agreement with Thoma Bravo, Dayforce stockholders will receive US$70.00 per share in cash for every share of Dayforce common stock owned.
About Dayforce
Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on enabling thousands of customers and millions of employees around the world do the work they're meant to do. With our single AI-powered people platform for HR, Pay, Time, Talent, and Analytics, organizations of all sizes and industries are benefiting from simplicity at scale with Dayforce to help unlock their full workforce potential, operate with confidence, and realize quantifiable value. To learn more, visit dayforce.com.
About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with approximately $181 billion in assets under management as of June 30, 2025. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 535 companies representing approximately $275 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York, and San Francisco. For more information, visit Thoma Bravo’s website at www.thomabravo.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian Securities laws (collectively, “forward-looking statements”). Forward-looking statements may be identified by the use of words such as “continue,” “guidance,” “expect,” “outlook,” “project,” “believe” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the timeline for closing the merger. These statements are based on various assumptions, whether or not identified in this press release, and on current expectations and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions. Many actual events and circumstances are beyond the control of Dayforce. These forward-looking statements are subject to a number of risks and uncertainties, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the proposed transaction that could delay the consummation of the proposed transaction or cause the parties to abandon the proposed transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement entered into in connection with the proposed transaction; the risk that the parties to the merger agreement may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Dayforce’s common stock; the risk of any unexpected costs or expenses resulting from the proposed transaction; the risk of any litigation relating to the proposed transaction; and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Dayforce to retain and hire key personnel and to maintain relationships with customers, vendors, partners, employees, stockholders and other business relationships and on its operating results and business generally. Further information on factors that could cause actual results to differ materially from the results anticipated by the forward-looking statements is included in the Dayforce Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) and Canadian securities regulators on February 28, 2025, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings made by Dayforce from time to time with the SEC and Canadian securities regulators. These filings, when available, are available on the investor relations section of the Dayforce website at https://investors.dayforce.com or on the SEC’s website at https://www.sec.gov. If any of these risks materialize or any of these assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Dayforce presently does not know of or that Dayforce currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. Dayforce assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
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