Zacks Research Analysts Reduce Earnings Estimates for Workday, Inc. (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY - Free Report) - Analysts at Zacks Research decreased their FY2027 earnings per share (EPS) estimates for Workday in a research report issued on Tuesday, April 30th. Zacks Research analyst R. Department now anticipates that the software maker will post earnings per share of $2.68 for the year, down from their prior estimate of $2.79. The consensus estimate for Workday's current full-year earnings is $1.76 per share.

Other equities research analysts also recently issued research reports about the company. Guggenheim reissued a "sell" rating and set a $190.00 price target on shares of Workday in a research report on Tuesday, February 27th. Piper Sandler reaffirmed an "overweight" rating and issued a $330.00 price target on shares of Workday in a research note on Monday, February 26th. DA Davidson reiterated a "neutral" rating and set a $300.00 price objective on shares of Workday in a research note on Tuesday, February 27th. Mizuho boosted their target price on shares of Workday from $290.00 to $325.00 and gave the company a "buy" rating in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Workday from $260.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $293.61.

Workday Stock Performance

NASDAQ WDAY traded up $4.93 during trading on Friday, reaching $255.78. The company's stock had a trading volume of 3,070,009 shares, compared to its average volume of 1,829,353. Workday has a 12 month low of $174.25 and a 12 month high of $311.28. The firm has a 50 day moving average price of $269.08 and a 200 day moving average price of $264.57. The firm has a market capitalization of $67.53 billion, a price-to-earnings ratio of 49.67, a price-to-earnings-growth ratio of 6.12 and a beta of 1.33. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share for the quarter, topping 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 company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The company's revenue was up 16.8% on a year-over-year basis.

Insider Buying and Selling at Workday

In other Workday news, 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 transaction of $916,918.59. Following the sale, the insider now owns 165,932 shares in the company, valued at $48,749,162.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Douglas A. Robinson sold 3,121 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were 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 approximately $48,749,162.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas A. Robinson sold 411 shares of Workday stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $266.90, for a total transaction of $109,695.90. Following the completion of the transaction, the insider now owns 165,521 shares in the company, valued at approximately $44,177,554.90. The disclosure for this sale can be found here. Insiders sold a total of 435,691 shares of company stock worth $117,731,569 over the last three months. 21.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Beacon Capital Management LLC raised its stake in Workday by 333.3% in the fourth quarter. Beacon Capital Management LLC now owns 91 shares of the software maker's stock worth $25,000 after buying an additional 70 shares in the last quarter. VisionPoint Advisory Group LLC raised its position in shares of Workday by 215.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 123 shares of the software maker's stock worth $26,000 after acquiring an additional 84 shares in the last quarter. Clear Street Markets LLC bought a new stake in shares of Workday during the third quarter valued at approximately $29,000. Exchange Traded Concepts LLC grew its stake in Workday by 1,750.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 111 shares of the software maker's stock worth $31,000 after purchasing an additional 105 shares during the period. Finally, Sound Income Strategies LLC grew its stake in Workday by 74.2% in the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker's stock worth $31,000 after purchasing an additional 49 shares during the period. Institutional investors own 89.81% of the company's stock.

Workday Company Profile

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.