MW A buyout firm reportedly has Dayforce in its sights. Shares of the HR software group are soaring.

By Barbara Kollmeyer

Orlando Bravo, founder and managing partner of Thoma Bravo, pictured at the Milken Institute Global Conference in 2021. Thoma Bravo reportedly has its sights on Dayforce, Bloomberg reported on Monday.

Shares of Dayforce Inc. surged on Monday after a report that the human resource software and services group could be a buyout target.

Buyout firm Thoma Bravo could announce a deal in the next few weeks to take Dayforce private, Bloomberg reported on Monday, citing sources. The report sent Dayforce shares (DAY) up nearly 22% in premarket trading.

MarketWatch reached out to both companies for comment.

Dayforce stock soared 96% in 2019 and then 56% during 2020, as companies updated software systems, but has largely struggled since, down 27% so far in 2025. The software group, with a market cap of around $8.4 billion, was rebranded as Dayforce from Ceridian in early 2024.

Dayforce reportedly slightly better-than-expected second-quarter results earlier this month, with KeyBanc Capital Markets noting strong bookings growth for the company and a record number of deals sold, but not yet live, on its books.

This summer, Thoma Bravo agreed to pay $2 billion to take Olo $(OLO)$, a digital ordering and delivery platform for restaurant brands, private.

-Barbara Kollmeyer

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August 18, 2025 07:14 ET (11:14 GMT)

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