Institutional holder T. Rowe Price reports 0.3% Dayforce (DAY) stake in 13G/A
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
T. Rowe Price Associates, Inc. filed an amended Schedule 13G reporting its beneficial ownership in Dayforce Inc. common stock. The firm reports beneficial ownership of 498,277 shares, representing 0.3% of the class as of the event date. It has sole voting power over 467,272 shares and sole dispositive power over 498,277 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Dayforce.
Positive
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FAQ
What percentage of Dayforce’s common stock is held by T. Rowe Price?
T. Rowe Price Associates reports beneficial ownership of 0.3% of Dayforce’s common stock. This reflects institutional ownership well below the 5% threshold commonly associated with larger strategic or activist positions in a public company’s equity.
Is T. Rowe Price’s position in Dayforce (DAY) considered passive or activist?
The filing characterizes T. Rowe Price’s position as passive. It certifies the shares were acquired and are held in the ordinary course of business, not for changing or influencing control of Dayforce or participating in control-related transactions.
What is the significance of the 5 percent or less disclosure for Dayforce (DAY)?
The filing confirms ownership of 5 percent or less of Dayforce’s common stock. This indicates T. Rowe Price’s stake is relatively small in percentage terms and is not being reported as a large or controlling shareholder position under Schedule 13D rules.