Press release
Investigation announced for Investors in shares of Dayforce Inc (NYSE: DAY) over potential Wrongdoing
An investigation on behalf of investors in Dayforce Inc (NYSE: DAY) shares over potential wrongdoing at Dayforce Inc was announced
Investors who purchased shares of Dayforce Inc (NYSE: DAY) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Dayforce Inc directors breached their fiduciary duties and caused damage to the company and its shareholders.
Minneapolis, MN based Dayforce Inc., together with its subsidiaries, operates as a human capital management (HCM) software company in the United States, Canada, and internationally. Dayforce Inc reported that its annual Total Revenue rose from over $1.24 billion in 2022 to over $1.151 billion in 2023, and that its Net Loss of $73.4 million in 2022 turned to a Net Income of $54.8 million in 2023.
On April 4, 2024, Dayforce Inc was the subject of a report published by Blue Orca Capital. The report alleges that the Company "engages in highly aggressive revenue recognition and accounting maneuvers to inappropriately pull forward revenues and inflate profits." The report continues, "Dayforce is plagued by worst-in-class GAAP gross margins, yet its stock trades at an unjustified 25%+ premium above other human capital management companies, likely because of a latticework of misperceptions created around the Company's business and true profitability." The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. To obtain additional information, go to:
Shares of Dayforce Inc (NYSE: DAY) declined from $75.53 per share in September 12, 2023 to $47.08 per share on July 09, 2024.
Those who purchased shares of Dayforce Inc (NYSE: DAY) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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