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.
Workday Stock Performance
Shares of NASDAQ:WDAY traded down $4.95 on Friday, hitting $168.18. The company had a trading volume of 2,193,703 shares, compared to its average volume of 2,695,151. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.62. The stock has a 50 day moving average price of $155.36 and a 200 day moving average price of $154.98. Workday has a 1-year low of $134.10 and a 1-year high of $307.81. The stock has a market cap of $42.72 billion, a price-to-earnings ratio of -1,401.50 and a beta of 1.39.
Workday (NASDAQ:WDAY - Get Rating) last released its quarterly earnings results on Thursday, May 26th. The software maker reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.04). Workday had a negative net margin of 0.49% and a positive return on equity of 1.34%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Analysts expect that Workday will post -0.65 EPS for the current year.
Analyst Upgrades and Downgrades
WDAY has been the topic of a number of research reports. Piper Sandler cut their price target on shares of Workday from $230.00 to $175.00 and set an "overweight" rating on the stock in a research note on Monday, July 18th. Oppenheimer reissued a "buy" rating and issued a $190.00 price objective on shares of Workday in a research report on Wednesday, June 22nd. Monness Crespi & Hardt cut their price objective on shares of Workday to $200.00 in a research report on Friday, May 27th. KeyCorp cut their price objective on shares of Workday from $229.00 to $207.00 and set an "overweight" rating on the stock in a research report on Friday, May 27th. Finally, Stifel Nicolaus cut their price objective on shares of Workday from $275.00 to $220.00 in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $249.19.
Insider Activity at Workday
In related news, COO James Bozzini sold 5,030 shares of the company's stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $138.49, for a total value of $696,604.70. Following the transaction, the chief operating officer now directly owns 172,640 shares in the company, valued at $23,908,913.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Workday news, COO James Bozzini sold 5,030 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 transaction of $696,604.70. Following the sale, the chief operating officer now directly owns 172,640 shares in the company, valued at $23,908,913.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $289,275.00. Following the sale, the chief executive officer now owns 265,605 shares in the company, valued at $37,848,712.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,883 shares of company stock worth $17,036,414. Corporate insiders own 21.74% of the company's stock.
