Analysts Offer Predictions for Workday, Inc.'s FY2027 Earnings (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY - Free Report) - Zacks Research upped their FY2027 earnings per share (EPS) estimates for shares of Workday in a report issued on Wednesday, April 24th. Zacks Research analyst R. Department now forecasts that the software maker will post earnings of $2.79 per share for the year, up from their prior estimate of $2.78. The consensus estimate for Workday's current full-year earnings is $1.76 per share.

Several other equities research analysts have also commented on the company. Morgan Stanley cut their target price on Workday from $335.00 to $330.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 27th. Evercore ISI upped their price target on Workday from $310.00 to $350.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. The Goldman Sachs Group upped their price target on Workday from $270.00 to $310.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. TheStreet raised Workday from a "c" rating to a "b-" rating in a research note on Monday, February 26th. Finally, Piper Sandler reissued an "overweight" rating and issued a $330.00 price objective on shares of Workday in a research note on Monday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and a consensus price target of $293.61.

Workday Trading Down 0.7 %

Shares of NASDAQ WDAY traded down $1.68 during trading on Thursday, reaching $254.06. The company had a trading volume of 1,442,684 shares, compared to its average volume of 1,750,807. The company's fifty day moving average price is $274.53 and its 200-day moving average price is $263.53. Workday has a 12 month low of $174.25 and a 12 month high of $311.28. The stock has a market cap of $67.07 billion, a P/E ratio of 49.33, a PEG ratio of 6.42 and a beta of 1.32. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The software maker reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.10. Workday had a return on equity of 4.87% and a net margin of 19.02%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the company posted ($0.14) EPS. The business's revenue was up 16.8% on a year-over-year basis.

Institutional Trading of Workday

Several large investors have recently bought and sold shares of WDAY. Norges Bank bought a new stake in Workday during the 4th quarter valued at approximately $1,491,149,000. Wellington Management Group LLP lifted its holdings in shares of Workday by 37.4% during the third quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker's stock valued at $1,109,348,000 after purchasing an additional 1,406,153 shares during the last quarter. Winslow Capital Management LLC lifted its holdings in shares of Workday by 76.4% during the third quarter. Winslow Capital Management LLC now owns 2,310,619 shares of the software maker's stock valued at $496,436,000 after purchasing an additional 1,000,922 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Workday by 47.0% during the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker's stock valued at $586,021,000 after purchasing an additional 872,288 shares during the last quarter. Finally, Alkeon Capital Management LLC purchased a new position in shares of Workday during the third quarter valued at approximately $107,425,000. 89.81% of the stock is owned by institutional investors.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 64,329 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $27,690,743.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder David A. Duffield sold 64,329 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $268.85, for a total value of $17,294,851.65. Following the sale, the insider now directly owns 102,997 shares of the company's stock, valued at $27,690,743.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas A. Robinson sold 3,121 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the completion of the sale, the insider now directly owns 165,932 shares in the company, valued at $48,749,162.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 435,691 shares of company stock worth $117,731,569. Company insiders own 21.09% 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.