Dayforce Inc. - CDAY STOCK NEWS

Ceridian HCM Holding Inc. (CDAY) announced the pricing of $500 million in senior unsecured convertible notes, due 2026, in a private offering. The offering includes a 13-day option for initial purchasers to acquire an additional $75 million. The notes carry a low interest rate of 0.25% and are convertible into common stock at a premium of approximately 47.5% over the last stock price of $89.63. The total net proceeds are expected to be around $486.7 million, with funds designated for debt repayment and general corporate purposes.

Ceridian HCM Holding Inc. (CDAY) announced its intention to offer $500 million in senior unsecured convertible notes due 2026 to qualified institutional buyers. The offering may be expanded by an additional $75 million at the purchasers' option. Proceeds will be used to repay $295 million of senior credit facilities and for general corporate purposes, including potential acquisitions. The notes will be convertible into cash or common stock, helping to reduce dilution. The offering complies with Rule 144A under the Securities Act.

Ceridian has successfully completed the acquisition of Ascender HCM Pty Limited, enhancing its position in the Asia Pacific Japan (APJ) region. This acquisition adds over 1,200 customers and extends Ceridian’s reach to 2.5 million employees across 30 countries, further integrating Ascender's HR and payroll capabilities with Ceridian's powerful Dayforce platform. The deal aims to deliver enhanced value and innovation to clients, supporting their human capital needs both now and in the future.

Ceridian HCM Holding Inc. (NYSE:CDAY) reported Q4 and FY 2020 financial results, showcasing resilience amid pandemic challenges. Dayforce recurring services revenue rose to $130.9 million in Q4, a 14.5% increase year-over-year. Cloud revenue was $193.9 million, up 5.3%. Total revenue was $222.8 million, a slight gain of 0.5%. However, the company faced a net loss of $17.3 million for Q4, attributed to a one-time charge. The guidance for Q1 2021 anticipates Dayforce recurring services revenue growth of 10-11%. Despite challenges, the company is investing in future growth.

Ceridian has announced its acquisition of Ascender, a leading payroll and HR solutions provider in the Asia Pacific Japan (APJ) region. This strategic move aims to strengthen Ceridian's leadership and expand its service capabilities, now serving a combined total of 1,500 customers and 2.5 million employees across 30 countries. The acquisition is anticipated to close in the second quarter of 2021, enhancing the value provided to clients through the Dayforce platform.

Ceridian (NYSE: CDAY) has been selected by Henkel to implement the Dayforce platform for payroll and workforce management across India, the Middle East, Africa, and Slovenia. This partnership aims to enhance Henkel’s employee experience and streamline HR processes amid its digitalization efforts. With over 52,000 employees, Henkel seeks to standardize operations using Ceridian's platform, which will provide real-time data to improve payroll decisions and productivity. The collaboration supports Henkel's corporate innovation strategy, emphasizing employee-centric technologies.

Ceridian HCM Holding Inc. (NYSE:CDAY) has announced the release date for its fourth quarter and full-year 2020 earnings, scheduled for February 9, 2021, after market close. A webinar will be held the same day at 5:00 p.m. ET for the earnings presentation. Additionally, David Ossip, CEO, will present at the Goldman Sachs Technology and Internet Virtual Conference on February 11, 2021, at 9:40 a.m. ET. Ceridian's Dayforce platform offers comprehensive human capital management solutions for organizations, enhancing the employee lifecycle from attraction to development.

Ceridian HCM Holding Inc. (NYSE: CDAY) has partnered with RedZone Group Purchasing to provide its Dayforce platform to sports franchises. This collaboration aims to address the unique human capital management challenges faced by professional sports teams, including payroll automation and compliance with legislative requirements. The Dayforce platform is already utilized by 47% of NFL franchises, highlighting its trustworthiness within the industry. This partnership will help RedZone members enhance operational efficiencies and improve employee experiences.

Ceridian has appointed Eric Glass as the new Chief Communications Officer, effective immediately. Reporting to Leagh Turner, he will oversee global corporate communications, including media and employee communications. Glass brings significant experience from Workday, where he led corporate communications and customer advocacy. His appointment is seen as pivotal as Ceridian aims to enhance communication of its vision and growth in the human capital management market.
With a focus on the company's commitment to innovation and customer success, Ceridian anticipates further development in its strategies.