Zacks Research Brokers Lift Earnings Estimates for Workday

Workday, Inc. (NASDAQ:WDAY) – Equities researchers at Zacks Research increased their FY2027 earnings per share (EPS) estimates for Workday in a research report issued on Monday, October 28th. Zacks Research analyst R. Department now expects that the software maker will post earnings per share of $4.49 for the year, up from their prior forecast of $4.48. The consensus estimate for Workday’s current full-year earnings is $2.40 per share.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 22nd. The software maker reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share.

Several other research analysts also recently commented on WDAY. Loop Capital lifted their target price on Workday from $240.00 to $255.00 and gave the stock a “hold” rating in a research note on Friday, August 23rd. Canaccord Genuity Group reiterated a “buy” rating and set a $300.00 target price on shares of Workday in a research note on Friday, September 13th. KeyCorp lifted their target price on Workday from $275.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Wells Fargo & Company lifted their target price on Workday from $260.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, DA Davidson lifted their price target on Workday from $255.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.04.

Workday Stock Up 1.6 %

WDAY stock opened at $238.63 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $247.26 and a two-hundred day moving average price of $236.41. The company has a market cap of $63.24 billion, a price-to-earnings ratio of 43.00, a P/E/G ratio of 4.72 and a beta of 1.35. Workday has a twelve month low of $199.81 and a twelve month high of $311.28.

Institutional Investors Weigh In On Workday

Several large investors have recently added to or reduced their stakes in WDAY. Crewe Advisors LLC acquired a new stake in Workday during the first quarter worth approximately $27,000. SouthState Corp boosted its holdings in Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock worth $34,000 after acquiring an additional 129 shares in the last quarter. Goodman Advisory Group LLC bought a new position in Workday in the second quarter worth approximately $35,000. Asset Dedication LLC bought a new position in Workday in the second quarter worth approximately $36,000. Finally, PSI Advisors LLC bought a new position in Workday in the second quarter worth approximately $38,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity

In other news, major shareholder David A. Duffield sold 66,492 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total value of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $26,902,816.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder David A. Duffield sold 66,492 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $261.20, for a total transaction of $17,367,710.40. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $26,902,816.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wayne A.I. Frederick sold 1,828 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $241.85, for a total value of $442,101.80. Following the sale, the director now directly owns 8,674 shares of the company’s stock, valued at $2,097,806.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 370,575 shares of company stock valued at $91,506,897. Company insiders own 20.00% of the company’s stock.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.