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Based in Minneapolis, Dayforce Inc. (DAY) is a leading human capital management software company valued at $8.7 billion by market cap. The company offers Dayforce, a cloud-based HCM platform with features for human resources, payroll and tax, workforce management, benefits, and talent intelligence, as well as Powerpay, a cloud HR and payroll solution for small businesses. Additionally, Dayforce provides payroll services, implementation, and professional services.
Shares of DAY have underperformed the broader market over the past year. The stock has declined 23.6% over this time frame, while the broader S&P 500 Index ($SPX) has surged 26.1%. In 2024, DAY fell 17.5%, lagging SPX's 16.5% gains on a YTD basis.