Free Trial

Workday (WDAY) Stock Price, News & Analysis

$228.64
+1.56 (+0.69%)
(As of 07/26/2024 ET)
Today's Range
$228.02
$231.21
50-Day Range
$207.08
$260.90
52-Week Range
$202.01
$311.28
Volume
1.00 million shs
Average Volume
2.18 million shs
Market Capitalization
$60.59 billion
P/E Ratio
41.20
Dividend Yield
N/A
Price Target
$281.44

Workday MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
23.1% Upside
$281.44 Price Target
Short Interest
Healthy
1.84% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.20
Upright™ Environmental Score
News Sentiment
0.68mentions of Workday in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$115.94 M Sold Last Quarter
Proj. Earnings Growth
22.17%
From $2.12 to $2.59 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.93 out of 5 stars

Computer And Technology Sector

18th out of 612 stocks

Data Processing & Preparation Industry

3rd out of 58 stocks

WDAY stock logo

About Workday Stock (NASDAQ:WDAY)

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. It also provides spend management solutions that help organizations to streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events, such as requests for proposals; expense management solutions to submit and approve expenses; and a suite of human capital management applications that enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences. In addition, the company offers planning applications; and applications for analytics and reporting comprising augmented analytics to surface insights to the line of business in simple-to-understand stories, machine learning to drive efficiency and automation, and benchmarks to compare performance against other companies. Further, it provides supply chain and inventory solutions to healthcare organizations; solutions to manage the end-to-end student and faculty lifecycle; and Workday Extend for customers and their developers to build custom applications. It serves professional and business services, financial services, healthcare, education, government, technology, media, retail, and hospitality industries. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California.

WDAY Stock Price History

WDAY Stock News Headlines

We’re in a code red crisis and 99% of Americans are clueless
Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES!
solaredge stock logo on smartphone screen
The 2 Most Downgraded Stocks: Sell One, Buy the Other
Analysts' sentiment has Workday NASDAQ: WDAY  and SolarEdge NASDAQ: SEDG down, but the takeaways differ for each. On the one hand, a struggling business continues to lose money while its competitors fare better.
solaredge stock logo on smartphone screen
The 2 Most Downgraded Stocks: Sell One, Buy the Other
Analysts lowered their targets for these stocks, setting up a selling opportunity and a buying opportunity that could pay off by double-digits by early 2025.
We’re in a code red crisis and 99% of Americans are clueless
Folks, it's 2024… Things that we used to rely on - are failing us. Take the phasing out of fossil fuels… Matched with the destruction of oil refineries around the world… And the outright failure of solar and wind technologies… But there is just one solution… And right now governments around the world are stockpiling this resource at the fastest rate in DECADES!
WDAY Jul 2024 202.500 put (WDAY240726P00202500)
Why ServiceNow Shares Are Rising Today
WDAY Jul 2024 290.000 call
See More Headlines
Receive WDAY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Workday and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/23/2024
Today
7/26/2024
Next Earnings (Estimated)
8/22/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Application Software
Current Symbol
NASDAQ:WDAY
CUSIP
98138H10
Fax
N/A
Employees
18,800
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$281.44
High Stock Price Target
$350.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+22.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
27 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
6.24%

Debt

Sales & Book Value

Annual Sales
$7.26 billion
Cash Flow
$1.63 per share
Book Value
$30.63 per share

Miscellaneous

Free Float
212,000,000
Market Cap
$60.92 billion
Optionable
Optionable
Beta
1.35

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Should I Buy Workday Stock? WDAY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Workday, Inc.:

  • Workday, Inc. has a consensus rating of "Moderate Buy" with a consensus target price of $283.96, indicating potential growth in the stock price.
  • Recent insider activity shows major shareholder David A. Duffield selling shares at higher prices, suggesting confidence in the company's future performance.
  • Workday's quarterly earnings report exceeded expectations, with a significant earnings per share beat and strong revenue growth, showcasing the company's financial strength.
  • The stock price of Workday, Inc. has shown resilience, trading at $215.56 with a market capitalization of $56.91 billion, indicating stability and market confidence.
  • Workday provides enterprise cloud applications that help customers manage their business operations efficiently, indicating a strong product offering in a growing market segment.

Cons

Investors should be bearish about investing in Workday, Inc. for these reasons:

  • Workday, Inc. has a relatively high price-to-earnings ratio of 38.84 and a P/E/G ratio of 6.53, indicating the stock may be overvalued compared to its growth prospects.
  • The company's 52-week high of $311.28 suggests potential resistance at higher price levels, limiting short-term upside potential for investors.
  • Insiders have sold a significant number of shares in the past 90 days, totaling over $134 million, which could raise concerns about future performance or market sentiment.
  • Workday's 200-day moving average price of $268.25 is below the current trading price, indicating a possible downtrend or lack of momentum in the stock.
  • The beta of 1.33 suggests Workday's stock price is more volatile compared to the overall market, potentially leading to higher risk for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 2, 2024. Please send any questions or comments about these Workday pros and cons to contact@marketbeat.com.

WDAY Stock Analysis - Frequently Asked Questions

How have WDAY shares performed this year?

Workday's stock was trading at $276.06 on January 1st, 2024. Since then, WDAY stock has decreased by 17.2% and is now trading at $228.64.
View the best growth stocks for 2024 here
.

How were Workday's earnings last quarter?

Workday, Inc. (NASDAQ:WDAY) announced its quarterly earnings data on Thursday, May, 23rd. The software maker reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.20. The firm's quarterly revenue was up 18.1% compared to the same quarter last year.

How will Workday's stock buyback program work?

Workday's board authorized a share repurchase program on Tuesday, November 29th 2022, which permits the company to buy back $500,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 1.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

What is Aneel Bhusri's approval rating as Workday's CEO?

994 employees have rated Workday Chief Executive Officer Aneel Bhusri on Glassdoor.com. Aneel Bhusri has an approval rating of 95% among the company's employees. This puts Aneel Bhusri in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Does Workday have any subsidiaries?

Workday subsidiaries include Peakon, Scout RFP, Trusted Key, Stories, Workday Adaptive Planning, Rallyteam, Tri-Valley Resellers LLC, and others.

Who are Workday's major shareholders?

Workday's top institutional shareholders include Baillie Gifford & Co. (2.48%), Bank of New York Mellon Corp (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.20%) and Raymond James & Associates (0.17%). Insiders that own company stock include David A Duffield, Aneel Bhusri, Gomez Luciano Fernandez, Douglas A Robinson, Zane Rowe, Zane Rowe, Christa Davies, James Bozzini, Sayan Chakraborty, George J Still Jr, Robynne Sisco, Richard Harry Sauer, Barbara A Larson, Carl M Eschenbach and Michael M Mcnamara.
View institutional ownership trends
.

How do I buy shares of Workday?

Shares of WDAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Workday own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Workday investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Athabasca Oil (ATH) and NVIDIA (NVDA).

This page (NASDAQ:WDAY) was last updated on 7/26/2024 by MarketBeat.com Staff

From Our Partners