Workday - WDAY Stock Forecast, Price & News

Workday, Inc. provides enterprise cloud applications in the United States and internationally. The company's applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; 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. The company also provides cloud spend management solutions that helps organizations to streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events, such as requests for proposals; Human Capital Management (HCM) solution, a suite of human capital management applications that allows organizations to manage the entire employee lifecycle from recruitment to retirement, and enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences; Workday applications for planning; and applications for analytics and reporting, including 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. 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.

Analyst Ratings Changes

WDAY has been the topic of a number of recent research reports. Monness Crespi & Hardt lowered their price objective on Workday to $200.00 in a research note on Friday, May 27th. UBS Group lowered their price objective on Workday from $185.00 to $170.00 and set a "neutral" rating on the stock in a research note on Friday, May 27th. Canaccord Genuity Group lowered their price objective on Workday from $325.00 to $200.00 and set a "buy" rating on the stock in a research note on Friday, May 27th. Morgan Stanley lowered their price objective on Workday from $320.00 to $310.00 in a research note on Friday, May 27th. Finally, Stifel Nicolaus lowered their price objective on Workday from $275.00 to $220.00 in a research note on Friday, May 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $250.06.

Workday Stock Up 6.1 %

NASDAQ:WDAY traded up $10.15 during trading hours on Friday, hitting $176.23. 3,728,801 shares of the company were exchanged, compared to its average volume of 2,202,343. The company has a 50 day moving average of $149.11 and a two-hundred day moving average of $192.10. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.62. Workday has a 52-week low of $134.10 and a 52-week high of $307.81. The firm has a market cap of $44.76 billion, a price-to-earnings ratio of -1,468.58 and a beta of 1.39.

Workday (NASDAQ:WDAY - Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The software maker reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.03). Workday had a positive return on equity of 1.34% and a negative net margin of 0.49%. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the company earned ($0.01) EPS. Workday's revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts anticipate that Workday will post -0.65 earnings per share for the current year.

Insiders Place Their Bets

In other Workday news, CFO Barbara A. Larson sold 1,962 shares of the company's stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $138.49, for a total transaction of $271,717.38. Following the sale, the chief financial officer now owns 79,454 shares in the company, valued at approximately $11,003,584.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Gomez Luciano Fernandez sold 2,030 shares of the stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $142.50, for a total value of $289,275.00. Following the transaction, the chief executive officer now owns 265,605 shares in the company, valued at approximately $37,848,712.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Barbara A. Larson sold 1,962 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $138.49, for a total value of $271,717.38. Following the completion of the transaction, the chief financial officer now owns 79,454 shares in the company, valued at approximately $11,003,584.46. The disclosure for this sale can be found here. Insiders have sold a total of 119,883 shares of company stock worth $17,036,414 in the last quarter. 21.74% of the stock is owned by company insiders.