Dayforce

HR Software Firm Dayforce In Talks To Go Private

Private equity firm Thoma Bravo is reportedly in talks to acquire Dayforce Inc. (NASDAQ:DAY). Dayforce, formerly Ceridian, which offers human resources software and services.

The company has a market value of approximately $8.4 billion, according to data from Benzinga Pro.

Sources said that the buyout firm is preparing to take the Minneapolis-based company private, with a deal possibly announced in the coming weeks. They added that talks are advanced but could still face delays, collapse, or attract another bidder.

Also Read: Dayforce: Native Platform To Drive Deal Growth, Says Bullish Analyst

The company reported second-quarter adjusted earnings of 61 cents, beating the consensus of 52 cents. Sales reached $464.7 million, beating the consensus of $457.71 million.

Dayforce expects third-quarter sales of $476 million-$486 million versus the consensus of $483.13 million.

The company revised its fiscal 2025 sales guidance from $1.93 billion to $1.94 billion, compared to the consensus of $1.94 billion.

Price Action: DAY stock is up 8.66% at $57.46 during the premarket session at the last check on Monday.

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