Dayforce Inc
DAY: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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$88.00 | Kgjghp | Zkyxfhbyv |
Ceridian Reaps Benefits of Sticky Customers as the Firm Pursues Growth Upmarket
Business Strategy and Outlook
Ceridian HCM offers payroll and human capital management solutions via its flagship Dayforce platform, secondary platform Powerpay, and legacy Bureau products. The company has taken share of the expansive and growing HCM market through the appeal of its agile cloud-based solutions that offer an alternative to legacy on-premises solutions or solutions cobbled together using multiple databases or platforms. Ceridian derives most of its revenue from Dayforce, which is geared to larger enterprises wishing to streamline human resources operations across multiple jurisdictions and leverage the platform’s scalable infrastructure.