Group 1 - Halper Sadeh LLC is investigating Dayforce, Inc. for potential violations related to its sale to Thoma Bravo at $70.00 per share in cash [1] - Black Hills Corp. is merging with NorthWestern Energy Group, with Black Hills shareholders expected to own approximately 56% of the combined company post-transaction [2] - The firm may seek increased consideration for shareholders and additional disclosures regarding the proposed transactions [3] Group 2 - Shareholders are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options at no charge [4] - Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having recovered millions for defrauded investors [4]

Core Viewpoint - Dayforce, a leader in human capital management technology, has agreed to be acquired by Thoma Bravo in an all-cash transaction valued at US$12.3 billion, providing stockholders with US$70 per share, a 32% premium over the unaffected share price prior to the announcement [1][2]. Company Overview - Dayforce is recognized for its commitment to improving work life and aims to enhance customer value and AI leadership in the HCM sector through this acquisition [3][4]. - The company operates a single AI-powered platform that supports various HR functions, benefiting thousands of customers and millions of employees globally [7]. Transaction Details - The acquisition is expected to close in early 2026, pending stockholder approval and regulatory clearances. Post-transaction, Dayforce will no longer be publicly traded [5]. - The transaction includes a significant minority investment from the Abu Dhabi Investment Authority [2]. Strategic Intent - Thoma Bravo aims to leverage Dayforce's differentiated platform and global scale to accelerate growth and innovation in the HCM market, particularly in the context of AI advancements [4][8]. - Dayforce's leadership believes the transaction will deliver immediate and substantial value to its stockholders while enhancing its operational capabilities [3]. Advisory and Financing - Evercore is the exclusive financial advisor for Dayforce, while Goldman Sachs & Co. LLC is providing financing for the transaction. Thoma Bravo is advised by J.P. Morgan Securities LLC [6].

Core Viewpoint - Dayforce, Inc. is in advanced discussions with Thoma Bravo regarding a potential acquisition at a price of US$70 per share [1] 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 - The potential acquisition by Thoma Bravo is still under discussion, and there are no guarantees regarding the agreement or its terms [1][2] - Dayforce has stated it will not provide further comments on the acquisition discussions unless disclosure is deemed necessary [2]

Group 1 - Midea Real Estate (03990) expects a profit increase to 350 million yuan for the first half of the year, driven by new business segments from asset distribution and development services [1] - Tongcheng Travel (00780) reported a 6.3% rise post-earnings, with adjusted net profit of 770 million yuan, exceeding expectations by 33% [1] - Country Garden (02007) shares rose over 4% following strong support for its offshore debt restructuring, with the coordination committee holding 49% of the total loan principal [1] - Kelun-Botai Biopharmaceutical (06990) saw a 4% increase in shares after reporting mid-year revenue of 950 million yuan, with efficient cash collection from receivables [1] Group 2 - Dongfang Zhenxuan (01797) shares surged nearly 12%, with a 300% increase since early July, despite a 30% year-on-year revenue decline in Q4 FY25 [2] - Zhihu-W (02390) shares rose over 16% ahead of its earnings announcement, with long-term funds increasing their holdings [2] - Jinyang New Energy (01121) shares increased nearly 1% as profitability for BC products is expected to improve with the ongoing recovery in the photovoltaic industry [2] - China Rare Earth Holdings (03788) shares jumped over 11% after announcing plans to spin off its gold business for a Hong Kong listing [2] Group 3 - Weimob Group (02013) shares rose over 7.5% ahead of its mid-term earnings report, with expectations of business recovery by 2025 due to improved consumer sentiment [3] Group 4 - iQIYI (IQ.US) shares surged 17.09% following the release of a new drama series, achieving significant viewership [4] - NIO (NIO.US) shares increased by 1.25% ahead of the launch of the new ES8 model and expansion into new markets [5] - Weibo (WB.US) shares rose 3.3% after exceeding earnings expectations, with revenue growth of 1.6% year-on-year [5] - Kingsoft Cloud (KC.US) shares increased by 5.38% as it prepares to release its earnings report, with expectations of revenue growth [5]

Group 1 - Dayforce Inc (NYSE:DAY) stock increased by 25.3%, trading at $66.24, following reports of private equity firm Thoma Bravo in talks to acquire the company, which is valued at $8.4 billion [1] - There is potential for a bidding war and other factors that could delay the deal [1] - The stock is trading at its highest level since February and is on track for its largest single-day percentage gain on record, breaking above the $60 level for the first time since March [2] Group 2 - Dayforce stock's short interest has increased by 24.2% in the last month, representing 4.8% of the stock's available float, which may be contributing to a short squeeze [2] - The stock's 14-day relative strength index (RSI) of 28 indicates it is in "oversold" territory, suggesting it was overdue for a short-term bounce [3] - Trading activity has significantly increased, with 2,032 calls and 1,772 puts exchanged, which is 18 times its average daily options volume [3]

人力资源管理软件提供商Dayforce(DAY.US)股价大涨超26%。私募巨头Thoma Bravo正在就收购该公司进行深入谈判 阶段，交易估值超90亿美元。知情人士称，该收购方计划将Dayforce私有化，交易可能在未来几周内宣布。尽管谈判 已进入深入阶段，但仍可能延迟或破裂，且不排除出现其他竞购者的可能性。 ...

过去12个月，Dayforce在纽约交易的股价下跌约5%，公司市值约为84亿美元。该公司股票同时在多伦 多证券交易所上市交易。 Thoma Bravo四月同意以106亿美元现金收购波音公司飞行导航部门及其他数字资产，七月又以20亿美 元达成收购餐厅软件制造商Olo Inc.的交易。该机构还就潜在收购Verint Systems Inc.进行过洽谈。 知情人士称，该收购方计划将Dayforce私有化，交易可能在未来几周内宣布。尽管谈判已进入深入阶 段，但仍可能延迟或破裂，且不排除出现其他竞购者的可能性。 根据其官网信息，去年从Ceridian HCM Holding Inc.更名的Dayforce提供人工智能驱动的招聘、薪酬管理 和员工职业发展软件，客户涵盖医疗保健、零售、酒店及金融服务等行业。彭博汇编数据显示，该公司 目前负债约12亿美元，企业价值超过90亿美元。 智通财经APP获悉，据知情人士透露，私募股权公司Thoma Bravo正就收购人力资源管理软件提供商 Dayforce(DAY.US)进行谈判。 在私募股权公司面临资本配置挑战的市场环境下，由联合创始人奥兰多·布拉沃领导的Thoma Bravo今年 ...

Summary of Dayforce (DAY) Conference Call - August 11, 2025 Company Overview - **Company**: Dayforce (DAY) - **Industry**: Human Capital Management (HCM) Software Key Points Demand and Revenue Performance - Dayforce is experiencing strong demand with three consecutive quarters of over 40% bookings growth, starting from Q4 of the previous year [4] - Current recurring revenue growth is at approximately 14% in constant currency, indicating a disparity between bookings and revenue growth [4][5] - Forecast for Q3 recurring revenue growth is expected to be between 13% to 16%, and for Q4, between 16% to 19% [6] Customer Dynamics - The company has a gross retention rate of 98% for enterprise customers, while smaller customers experience higher churn rates [12] - The average revenue per customer is currently $170,000, with expectations for this figure to increase as larger customers are onboarded [13] - Add-on sales constitute 40% of total sales, with managed services accounting for 17% [7] Product and Technology Advancements - Dayforce has launched an AI assistant that enhances user experience by allowing employees to query company-specific information [24][25] - The AI assistant has been attached to 50% of sales year-to-date, indicating strong market resonance [26] - Future plans include launching 30 AI agents to automate various tasks for users [27] Market Position and Competitive Landscape - Dayforce is positioned as a competitor to Workday and ADP, focusing on larger enterprise customers [37] - The company has successfully secured contracts with significant clients, including the Government of Canada and a large U.S. Federal agency [35][36] - Dayforce aims to replace multiple vendor solutions with its comprehensive platform, which is seen as a competitive advantage [38] Financial Performance and Projections - Free cash flow margin has improved to 13.5% to 14%, with a target of reaching $1 billion in free cash flow by 2031 [42][43] - The company aims to expand free cash flow margins by 100 to 200 basis points annually, with confidence in controlling costs and improving cash realization [44][45] Additional Insights - The company emphasizes the importance of AI in the industry, viewing it as a critical factor for future success [29] - Dayforce's strategy includes focusing on larger customers while maintaining strong relationships with systems integrators [32][33] This summary encapsulates the key insights and data points from the Dayforce conference call, highlighting the company's current performance, future outlook, and strategic initiatives.

Core Insights - Dayforce (DAY) reported Q2 2025 earnings of 61 cents per share, exceeding the Zacks Consensus Estimate of 52 cents, marking a 27.1% year-over-year increase [1] - Revenues reached $464.7 million, surpassing the Zacks Consensus Estimate by 1.5%, and increased by 9.8% year-over-year [1] - Shares experienced a decline of 1.02% at the time of reporting [1] Revenue Details - Recurring revenues, which constitute 84.6% of total revenues, grew by 7.7% year-over-year to $393.1 million [2] - Excluding float revenues, recurring revenues totaled $315.5 million, reflecting a robust 13.6% year-over-year growth [2] - Total revenues, excluding float, were $417.3 million, an increase of 11.5% year-over-year [1] Customer Metrics - Recurring revenue per customer was $171,075 for the trailing 12 months ending June 30, 2025, showing a year-over-year increase of 10.4% [3] - The number of live customers on the Dayforce platform reached 6,984, representing a year-over-year growth of 4.9% [3] - Powerpay's recurring revenues remained unchanged year-over-year at $19.9 million [3] Operating Performance - Selling and marketing expenses in Q2 2025 were $83.7 million, up 1.6% year-over-year [4] - General and Administrative expenses decreased by 0.2% year-over-year to $58.9 million [4] - Adjusted EBITDA was $147.2 million, reflecting a 26.6% year-over-year increase, with an adjusted EBITDA margin of 31.7%, up 420 basis points [4] Financial Position - As of June 30, 2025, cash and cash equivalents were $625.2 million, an increase from $557.3 million as of March 31 [5] - Cash provided by operating activities was $112.7 million, up from $49.6 million in the prior quarter [5] - Free cash flow was reported at $87.1 million, compared to $19.5 million in the previous quarter [5] Guidance - For Q3 2025, Dayforce expects total revenues of $476-$486 million, with total revenue excluding float projected between $434 million and $444 million [8] - The company anticipates adjusted EBITDA margin to be between 30% and 30.5% for Q3 2025 [8] - For the full year 2025, total revenues are expected to be between $1.935 billion and $1.955 billion [9] Future Projections - Total revenues, excluding float, are projected to be in the range of $1.749 billion to $1.769 billion, indicating a year-over-year increase of approximately 12.1% to 13.4% [9] - Recurring revenues, excluding float, are expected to be between $1.324 billion and $1.344 billion, reflecting a growth of approximately 14.2% to 15.9% [9] - Float revenues for 2025 are anticipated to be $186 million [9]

Financial Data and Key Metrics Changes - Dayforce reported a total revenue of $465 million, representing a 10% increase year-over-year, with recurring revenue excluding float growing by 14% to $315.5 million [24][25] - Adjusted EBITDA increased by 27% to $147.2 million, achieving a margin of 31.7%, which is an expansion of 420 basis points [25][26] - Free cash flow for the quarter was $87.1 million, or 18.7% of revenue, with year-to-date free cash flow rising to $106.6 million, up 500 basis points from the previous year [6][7][26] Business Line Data and Key Metrics Changes - Professional services revenue grew by 23% to $71.6 million, indicating strong demand for implementation services [25] - New client bookings across all segments performed well, with bookings growing over 40% year-to-date [9][10] - Sales to existing customers increased by over 50% in the second quarter, representing 40% of total bookings [10] Market Data and Key Metrics Changes - The demand environment remains strong, with year-to-date bookings growth exceeding 40% [26] - Employment levels at customer organizations have shown moderate growth of approximately 1% [26][81] - Foreign exchange rates improved during the quarter, positively impacting guidance [26] Company Strategy and Development Direction - The company aims to grow Dayforce recurring revenue above 15% and has increased free cash flow margin guidance from 12% to between 13.5% and 14% [7][28] - Dayforce is focusing on a single data model to enhance AI capabilities and streamline operations, which is expected to drive higher sales productivity and profitability [19][70] - The company is actively hiring additional sales personnel to capitalize on market opportunities and improve conversion rates [102] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving $1 billion in free cash flow by 2031, supported by strong operational efficiencies and favorable legislative changes [7][31][32] - The company anticipates solid growth in the fourth quarter, driven by revenue from go-lives related to strong bookings from previous quarters [29] - Management noted that the market demand for a single system is strong, driven by the need for efficiency and better decision-making capabilities [70][74] Other Important Information - The company is in the final stages of terminating legacy pension plans, which is expected to impact cash flow guidance positively [32] - Dayforce's AI roadmap includes the introduction of over 30 AI agents, enhancing the platform's capabilities [18][50] Q&A Session Summary Question: Sales growth from SI partners - Management reported that SI-led sales were up 80% for the first half of the year, with strong full suite attachment rates across segments [36][38] Question: Bookings translating to revenue - Management indicated that it typically takes about 12 months to onboard new clients, with add-ons occurring faster than new client implementations [42][43] Question: Updates on AI products - Management highlighted the introduction of various AI products, with significant potential for upselling to existing clients [47][50] Question: Free cash flow guidance - Management confirmed that the increase in free cash flow margin is primarily driven by tax changes, alongside underlying operational efficiencies [89][90] Question: Phasing of the Government of Canada contract - Management stated that the contract is progressing well, with revenue recognition expected to phase through the back half of the year [98][99]