Press release
Investigation announced for Investors in shares of Dayforce Inc (NYSE: DAY) over possible Violations of Securities Laws
An investigation for investors in Dayforce Inc (NYSE: DAY) shares over potential securities laws violations by Dayforce Inc.
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 focuses on possible claims on behalf of purchasers of the securities of Dayforce Inc (NYSE: DAY) concerning whether a series of statements by Dayforce Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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 $1.51 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, Blue Orca Capital published a brief report concerning Dayforce. In this report, Blue Orca Capital made some serious allegations, stating that Dayforce was involved in "highly aggressive revenue recognition and accounting maneuvers". This was noted to be a strategic attempt to prematurely recognize revenues and consequently inflate profit margins, which is deemed inappropriate and against standard accounting principles.
Shares of Dayforce Inc (NYSE: DAY) declined from $74.66 per share on February 12, 2024, to $61.01 per share on April 05, 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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