Goldman Sachs discloses 5.5% Dayforce (DAY) ownership on Schedule 13G
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed a Schedule 13G reporting beneficial ownership of 8,834,774.05 shares of Dayforce, Inc. common stock, representing 5.5% of the class. The firms report no sole voting or dispositive power, but shared voting power over 8,793,562.05 shares and shared dispositive power over 8,794,178.05 shares. They state 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. Goldman Sachs & Co. LLC is identified as a registered broker-dealer and investment adviser, and a subsidiary of The Goldman Sachs Group, Inc.
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FAQ
What stake in Dayforce (DAY) does Goldman Sachs report on this Schedule 13G?
Goldman Sachs reports beneficial ownership of 8,834,774.05 Dayforce common shares, representing 5.5% of the outstanding class. This crosses the 5% threshold that triggers institutional ownership reporting on Schedule 13G under U.S. securities rules.
Who are the reporting persons on the Dayforce (DAY) Schedule 13G filing?
The reporting persons are The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC. The parent company is organized in Delaware, while Goldman Sachs & Co. LLC is organized in New York and operates as a registered broker-dealer and investment adviser.
What does Goldman Sachs say about its intentions regarding control of Dayforce (DAY)?
Goldman Sachs certifies the Dayforce shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The filing also states they are not part of a control-related transaction.
Which Goldman Sachs entity is identified as actually holding Dayforce (DAY) securities?
The filing explains that the securities are owned or may be deemed beneficially owned by Goldman Sachs & Co. LLC. This entity is a registered broker-dealer and investment adviser and is a subsidiary of The Goldman Sachs Group, Inc.
Does Goldman Sachs disclaim any beneficial ownership in its Dayforce (DAY) Schedule 13G?
The filing notes that certain Goldman Sachs reporting units disclaim beneficial ownership of securities held in client accounts and certain investment entities. This applies where clients or other investors, rather than Goldman Sachs units, hold the economic interests.