Company profile

Ticker
CDAY
Exchange
CEO
David D. Ossip
Employees
Incorporated
Location
Fiscal year end
SEC CIK

CDAY stock data

(
)

Calendar

5 Aug 20
12 Aug 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 20 Mar 20 Dec 19 Sep 19
Revenue 192.6M 222.7M 221.8M 202.3M
Net income 5.5M 8.6M -1.5M 62.7M
Diluted EPS 0.04 0.06 -0.01 0.42
Net profit margin 2.86% 3.86% -0.68% 30.99%
Operating income 4M 26.3M 19.7M 6.5M
Net change in cash 271.6M -26M 10.4M 33M
Cash on hand 526.9M 255.3M 281.3M 270.9M
Cost of revenue 114M 122.2M 124M 113.5M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 824.1M 740.7M 676.2M 630.1M
Net income 78.7M -61.1M 2M -79.3M
Diluted EPS 0.53 -0.6 -0.26 -1.44
Net profit margin 9.55% -8.25% 0.30% -12.59%
Operating income 72.3M 56.1M 55.4M 19.2M
Net change in cash 63.5M 123.6M -26.6M 57.6M
Cash on hand 281.3M 217.8M 94.2M 120.8M
Cost of revenue 455.9M 425.8M 406.7M 395.8M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
10 Aug 20 Rosen Andrea Common Stock Payment of exercise Dispose F No 69.25 1,015 70.29K 4,977
7 Aug 20 Leagh Erin Turner Common Stock Sell Dispose S Yes 74.2 900 66.78K 121,611
7 Aug 20 Leagh Erin Turner Common Stock Sell Dispose S Yes 73.12 4,100 299.79K 122,511
7 Aug 20 Leagh Erin Turner Common Stock Option exercise Aquire M Yes 38.63 5,000 193.15K 126,611
7 Aug 20 Leagh Erin Turner Option (right to purchase) Common Stock Option exercise Dispose M Yes 38.63 5,000 193.15K 95,000
15 Jun 20 Linda Provie Mantia Common Stock Grant Aquire A No 0 2,626 0 2,626
9 Jun 20 David D Ossip Common Stock Sell Dispose S No 81 500,000 40.5M 559,873
9 Jun 20 David D Ossip Common Stock Option exercise Aquire M No 16.8 500,000 8.4M 1,059,873
9 Jun 20 David D Ossip Option Common Stock Option exercise Dispose M No 16.8 500,000 8.4M 500,000
13F holders
Current Prev Q Change
Total holders 202 199 +1.5%
Opened positions 47 69 -31.9%
Closed positions 44 38 +15.8%
Increased positions 78 73 +6.8%
Reduced positions 53 39 +35.9%
13F shares
Current Prev Q Change
Total value 7.75B 8.66B -10.5%
Total shares 154.71M 127.5M +21.3%
Total puts 93K 86.1K +8.0%
Total calls 93.6K 178.3K -47.5%
Total put/call ratio 1.0 0.5 +105.8%
Largest owners
Shares Value Change
N Price T Rowe Associates 21.57M $1.08B +2.0%
CNNE Cannae 19.84M $993.35M NEW
Capital Research Global Investors 17.67M $884.74M +42.1%
Thomas H Lee Partners 12.4M $620.77M -33.6%
Select Equity 10.4M $520.87M -10.9%
Vanguard 9.76M $488.64M +4.7%
BLK BlackRock 8.97M $449M -0.3%
Artisan Partners Limited Partnership 7.43M $371.88M -1.7%
Capital World Investors 5.85M $292.9M NEW
Lone Pine Capital 3.24M $162.46M NEW
Largest transactions
Shares Bought/sold Change
CNNE Cannae 19.84M +19.84M NEW
Thomas H Lee Partners 12.4M -6.28M -33.6%
Capital World Investors 5.85M +5.85M NEW
Capital Research Global Investors 17.67M +5.24M +42.1%
Lone Pine Capital 3.24M +3.24M NEW
Select Equity 10.4M -1.28M -10.9%
Durable Capital Partners 1.16M +1.16M NEW
Dragoneer Investment 1.03M -1.1M -51.6%
Wellington Management 2.01M -873.83K -30.3%
MS Morgan Stanley 894.56K +830.71K +1300.9%

Financial report summary

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Risks
  • Our business has been adversely affected and will likely continue to be adversely affected by the COVID-19 pandemic.
  • Our Dayforce Wallet program presents the potential for our employer customers or employee customers to become the victim of fraud or other similar illegal behavior.
  • Our solutions and our business are subject to a variety of U.S. and international laws and regulations, including those regarding privacy, data protection, and information security. Any failure by us or our third party service providers, as well as the failure of our platform or services, to comply with applicable laws and regulations could have a material adverse effect on our business, financial condition, and results of operations.
  • For our Dayforce Wallet service, we advance earned net wages and associated tax amounts on behalf of customers in connection with the “on demand pay” payroll feature of the service in order to provide their employees access to earned wages in advance of their standard payroll cycles. A customer may fail to satisfy its obligation to repay us for those advanced monies which could have a material adverse effect on our business, financial condition, and results of operations.
  • Regulatory requirements placed on our software and services could impose increased costs on us, delay or prevent our introduction of new products and services, and impair the function or value of our existing products and services.
  • Customer funds and wage funds of their employees that our trustees and third-party financial institution partners hold in trust are subject to market, interest rate, credit, and liquidity risks. The loss of these funds could have a material adverse effect on our business, financial condition, and results of operations.
Management Discussion
  • Total revenue increased $83.4 million, or 11.3%, to $824.1 million for the year ended December 31, 2019, compared to $740.7 million for the year ended December 31, 2018. This increase was primarily driven by an increase in Cloud revenue of $131.2 million, or 24.8%, from $528.8 million for the year ended December 31, 2018, to $660.0 million for the year ended December 31, 2019. The Cloud revenue increase was primarily due to an increase of $102.3 million, or 24.6%, in Cloud recurring services revenue, and $28.9 million, or 25.6%, in Cloud professional services and other revenue. The increase in Cloud recurring services revenue of $102.3 million was attributable to increases of $85.4 million from new customers, add-ons, and revenue uplift from migrations of Bureau customers; $19.3 million from the migration of Bureau customers; and $13.7 million from increased float revenue allocated to Cloud recurring services revenue, partially offset by customer attrition of $16.1 million.
Content analysis ?
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Readability
H.S. sophomore Good
New words: achieved, Bradstreet, broader, Carlo, conclusion, consecutive, curtailed, declared, Dun, forward, Monte, NYSE, onset, outbreak, plant, segment, simulation, stipulated, uncertain, unremitted, York
Removed: drawn, expanding, leverage