Dayforce stock holds near its yearly high as leverage eases

Published on 09/23/2026 at 10:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Dayforce stock traded at USD 69.86 on September 23, 2026, near its USD 69.86 52-week high. Fitch sees 7.6x leverage in fiscal 2026.

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Dayforce Inc. (ISIN US23920P1093) traded at USD 69.86 on the NYSE on September 23, 2026, matching its reported 52-week high of USD 69.86. The company is now being assessed against a debt reduction path after its ownership change and a new Fitch rating.

Debt remains the central issue

According to Traders Union on September 22, 2026, Fitch assigned Dayforce a B issuer default rating with a Stable Outlook after the Thoma Bravo acquisition was finalized in February 2026.

Fitch projects adjusted EBITDA leverage at 7.6 times for fiscal 2026, down from an earlier estimate above 8 times. The agency expects leverage to fall below 7.0 times within the following 12 to 18 months as EBITDA growth and operating leverage improve.

Recurring revenue supports the case

The same Fitch report, published by Traders Union on September 22, 2026, says recurring revenue excluding float has grown at a compound annual rate above 20 percent. Fitch also expects adjusted EBITDA margins to improve from the high 20 percent range to the low 30 percent range by the first half of 2026.

That comparison matters because the stock valuation still depends on the conversion of recurring revenue into cash generation. Fitch expects free cash flow margins to rise from the high single digits to the low teens, while Dayforce held more than USD 375 million in cash as of June 2026.

Stock stays at the yearly high

Market data for September 23, 2026, show a daily range of USD 69.62 to USD 69.86, a 52-week range of USD 49.65 to USD 69.86, volume of 30.36 million shares and market capitalization of USD 11.20 billion. The session volume was about 11 times the reported average volume of 2.76 million shares, making liquidity the clearest market statistic alongside the unchanged high.

Dayforce closed at USD 69.86 on the NYSE as of September 23, 2026. The price is 40.7 percent above the reported 52-week low of USD 49.65, while the stock remains exposed to the 7.6 times fiscal 2026 leverage forecast.