Core Viewpoint - Thoma Bravo has successfully completed the acquisition of Dayforce for approximately $12.3 billion, marking a significant transaction in the market [1]. Group 1: Acquisition Details - The acquisition agreement for Dayforce was initially announced on August 21 [1]. - The transaction received approval from Dayforce stockholders during a special meeting held on November 12 [1]. - Dayforce stockholders will receive $70.00 in cash for each share of common stock they owned [1]. Group 2: Market Impact - Following the completion of the acquisition, Dayforce's common stock has ceased trading [1]. - The stock will be delisted from both the New York Stock Exchange and the Toronto Stock Exchange [1].

As a Private Company, Dayforce to Accelerate Growth, Customer Value, and AI Leadership in HCMMINNEAPOLIS and TORONTO and SAN FRANCISCO, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Thoma Bravo, the world’s largest software-focused investment firm, today announced the completion of its acquisition of Dayforce, Inc. (“Dayforce” or the “Company”), a global human capital management (HCM) leader that makes work life better, for approximately US$12.3 billion. The agreement to acquire Dayforce was previously announced on Aug ...

Core Insights - Both Fortive and Dayforce reported disappointing Q3 2025 earnings, revealing significant operational challenges despite some revenue growth [1][2][3] Fortive Summary - Fortive's Q3 revenue reached $1.03 billion, a modest increase of 2.3% year-over-year, but net income fell sharply from $222 million to $55 million, marking a 75% decline [2][4] - The operating margin decreased by 390 basis points to 15.5%, indicating lost pricing power in its automation and sensing businesses [2][5] - Full-year 2025 EPS is projected at $1.86, representing a 38% decline from $2.99 in 2024 [2][4] - The company operates in industrial automation and sensing, facing competitive pressure and weak demand, despite generating positive cash flow and maintaining a 0.55% dividend [5] Dayforce Summary - Dayforce reported Q3 revenue of $481.6 million, up 9.5%, but incurred a net loss of $196.8 million, significantly missing analyst expectations of a $0.21 profit [3][4] - The operating margin was negative at 25.8%, indicating that the company spends $1.26 in operating costs for every dollar of gross profit, which is unsustainable [6] - Full-year 2025 EPS is projected at -$0.04, down from $1.98 in 2024, marking a drastic shift in profitability [3][4] Analyst Sentiment - Analysts show limited optimism for both companies, with 14 of 18 analysts rating Fortive as Hold and a target price of $58.12, suggesting only a 3.4% upside [7] - Dayforce has 15 of 16 analysts at Hold, with a target price of $69.92, indicating a lack of momentum for both stocks [7] Investment Outlook - Current operational issues at Fortive and Dayforce suggest a wait-and-see approach until both companies can demonstrate improved execution and profitability [8]

Core Insights - Dayforce Inc. is a human capital management software company with a market cap of $11.1 billion, offering cloud-based HR solutions across the U.S., Canada, and internationally [1][2] Financial Performance - Dayforce's Q3 results showed a 9.5% year-over-year revenue increase to $481.6 million, meeting expectations, but adjusted EPS fell 21.3% year-over-year to $0.37, missing consensus estimates by 33.9% [5] - Year-to-date, DAY stock prices have declined 4.7%, and over the past 52 weeks, they have decreased by 10.6%, while the Dow has surged by 12.6% in 2025 [4] - Despite recent challenges, Dayforce's stock has outperformed its peer Workday, which saw a 16.3% decline in 2025 and a 22.3% drop over the past year [6] Stock Performance - Dayforce's stock touched a 52-week high of $77.52 on December 17, 2024, and is currently trading 10.7% below that peak, with a slight increase of 1.2% over the past three months [3] - The stock has remained above its 200-day moving average since mid-August but has traded along its flat 50-day moving average recently, indicating a consolidation phase [4] - The consensus rating among 16 analysts covering DAY stock is a "Hold," with the stock trading slightly below its mean price target of $70 [6]

Core Insights - There is a significant disparity in retirement savings among Americans, with most struggling to save adequately for retirement, particularly those earning less than $150,000 annually [1][2][3] Group 1: Retirement Savings Trends - Since 2022, participation rates in retirement plans, total contributions, and overall savings rates have declined for individuals earning less than $150,000 [2] - Workers earning less than $50,000 experienced the most significant declines, with retirement plan participation dropping from 58% in 2022 to 52.9% in 2024, and their overall savings rate decreasing from 4.9% to 4.6% [3] Group 2: Income Disparities - Individuals earning between $150,000 and $250,000 contributed nearly 13 times more to retirement savings annually compared to those earning under $50,000 [4] - Approximately 90% of U.S. individuals aged 15 and older earned less than $150,000 in 2022, highlighting the financial challenges faced by the majority [1][3] Group 3: Economic Pressures - Rising costs of housing, healthcare, transportation, and childcare are pushing immediate needs to the forefront, causing many to deprioritize retirement savings [4] - Delaying retirement savings reduces the time available for accumulation and the benefits of compound growth, increasing the risk of outliving savings as life expectancy rises [4]

Core Insights - The report titled "The Retirement Divide" highlights significant disparities in retirement savings among American workers, emphasizing that those earning between $150,000 to $250,000 contribute nearly 13 times more towards retirement annually compared to those earning under $50,000 [1][2]. Summary by Categories Retirement Savings Trends - The research covers retirement savings rates, contributions from employees and employers, participation in retirement plans, and loan usage among full-time U.S. workers from 2021 to 2024 [2]. - High earners have seen increases in participation rates, total contributions, and overall savings rates since 2022, while lower-income workers have experienced declines, particularly those earning less than $50,000 [6]. Gender Disparities - The gap in retirement plan participation between men and women has widened to 3.9 percentage points, with participation rates at 79.9% for men and 76% for women since 2021 [6]. Racial and Ethnic Disparities - In 2024, 84.6% of white workers participated in retirement plans, compared to 61.1% of Latino workers and 68.2% of Black workers. Additionally, 26.4% of Black and Latino participants had active loans from their accounts, versus 14.9% of white participants [6]. Generational Insights - Gen Z workers have made notable progress in retirement savings, with participation rates increasing from 64% to 68.7%, savings rates improving from 6.6% to 7.2%, and total contributions rising by 24% since 2022 [6].

Core Viewpoint - Dayforce Inc. (DAY) has underperformed the market significantly over the past year, with a decline of 12.6% compared to the S&P 500's increase of 14.5% [2]. Company Overview - Dayforce Inc. is a human capital management (HCM) software company based in Minneapolis, Minnesota, with a market capitalization of $11 billion. The company offers cloud-based solutions that integrate various HR functions, covering the entire employee lifecycle from recruitment to payroll processing [1]. Stock Performance - DAY shares have seen a decline of 5% year-to-date in 2025, while the S&P 500 has risen by 16.5% during the same period [2]. - Compared to the Industrial Select Sector SPDR Fund (XLI), which gained about 8.8% over the past year, DAY's performance has been notably weaker [3]. Financial Results - In Q3, DAY reported an adjusted EPS of $0.37, which fell short of Wall Street expectations of $0.56. The company's revenue for the quarter was $481.6 million, aligning with Wall Street forecasts [4]. Earnings Expectations - For the current fiscal year ending in December, analysts project DAY's EPS to grow by 47.5% to $1.46 on a diluted basis. However, the company's earnings surprise history has been disappointing, missing consensus estimates in three of the last four quarters [5]. Analyst Ratings - Among the 16 analysts covering DAY stock, the consensus rating is a "Hold," consisting of two "Strong Buy" ratings, 13 "Holds," and one "Strong Sell" [5]. - The overall rating has shifted to "Moderate Buy" from two months ago, with four analysts suggesting a "Strong Buy" [6]. - On November 4, Michael Turrin from Wells Fargo maintained a "Hold" rating on DAY with a price target of $70, indicating a potential upside of 1.5% from current levels [6].

Core Insights - Dayforce has received a strong stockholder vote in favor of a proposed $12.3 billion buyout by Thoma Bravo, indicating significant shareholder support for the acquisition [1] Company Summary - The buyout proposal involves Dayforce, a provider of HR software, which is set to be acquired for $12.3 billion [1] - This acquisition comes a month after Dayforce's largest shareholder expressed support for the buyout, highlighting a positive sentiment among major investors [1]

Core Points - Dayforce's stockholders approved the acquisition by Thoma Bravo, marking a significant milestone in the transaction [2][3] - Approximately 88.4% of votes cast, representing 78.8% of the voting power, were in favor of the acquisition [2] - The acquisition will provide Dayforce with the opportunity to accelerate its business and drive innovation [2] Company Overview - Dayforce is a global leader in human capital management (HCM) technology, focused on improving work life for customers and employees [4] - The company offers a single AI-powered platform for HR, Pay, Time, Talent, and Analytics, benefiting organizations of all sizes [4] Acquisition Details - Under the merger agreement, Dayforce stockholders will receive US$70.00 per share in cash for each share owned [3] - The transaction is expected to close in late 2025 or early 2026, pending customary closing conditions [3] Thoma Bravo Overview - Thoma Bravo is a leading software-focused investor with approximately $181 billion in assets under management as of June 30, 2025 [5] - The firm has invested in around 535 companies over the past 20+ years, representing approximately $275 billion in enterprise value [5]

Core Viewpoint - Kaskela Law LLC is investigating the fairness of the buyout price for Dayforce Inc. shareholders, suggesting that the buyout may undervalue the company's shares [1] Company Summary - The buyout of Dayforce Inc. (NYSE: DAY) has raised concerns regarding the valuation of the company's shares [1] - Shareholders of Dayforce are encouraged to contact Kaskela Law LLC to discuss their legal rights and options related to the buyout proposal [1]