Price T Rowe Reports 24.8M Indirect DAY Shares on Form 3
Rhea-AI Filing Summary
Dayforce, Inc. (DAY) initial Form 3 shows 24,801,614 shares of Common Stock were reported as beneficially owned as of 10/02/2025. The shares are held indirectly by investment companies and managed accounts for which Price T Rowe Associates Inc. acts as investment adviser with investment discretion. The filer disclaims beneficial ownership except for any pecuniary interest.
Positive
- Large institutional position of 24,801,614 shares reported
- Investment discretion held by Price T Rowe Associates over the funds and accounts
Negative
- Indirect ownership only; filer expressly disclaims beneficial ownership except for pecuniary interest
- No derivative holdings reported on the Form 3 (only non-derivative common stock disclosed)
Insights
Large indirect holding reported under adviser discretion.
Price T Rowe Associates reports 24,801,614 shares of Dayforce common stock held indirectly in registered funds and client accounts, indicating sizable institutional exposure through managed vehicles.
The adviser states it has investment discretion but disclaims beneficial ownership except for pecuniary interest, which limits attribution of voting/control rights. Investors can monitor subsequent Section 13D/G filings or Form 4s for changes to ownership stakes or disclosure of voting arrangements.