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.

Workday Trading Down 1.1 %

Shares of NASDAQ:WDAY opened at $175.89 on Thursday. 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's 50 day simple moving average is $154.65 and its 200 day simple moving average is $154.85. The company has a market cap of $44.68 billion, a price-to-earnings ratio of -1,465.75 and a beta of 1.39. Workday has a 12-month low of $134.10 and a 12-month high of $307.81.

Workday (NASDAQ:WDAY - Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The software maker reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.04). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Workday had a negative net margin of 0.49% and a positive return on equity of 1.34%. Equities research analysts expect that Workday will post -0.65 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on WDAY. Wells Fargo & Company lowered their price target on shares of Workday from $300.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 27th. Guggenheim began coverage on Workday in a report on Friday, August 12th. They issued a "sell" rating and a $134.00 price target for the company. Mizuho dropped their price objective on Workday from $300.00 to $200.00 and set a "buy" rating for the company in a research report on Friday, May 27th. Robert W. Baird reduced their target price on shares of Workday from $290.00 to $235.00 and set an "outperform" rating on the stock in a report on Friday, May 27th. Finally, StockNews.com lowered Workday from a "buy" rating to a "hold" rating in a research note on Saturday, May 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat.com, Workday presently has an average rating of "Moderate Buy" and an average target price of $249.19.

Insider Buying and Selling at Workday

In other Workday news, CFO Barbara A. Larson sold 1,962 shares of Workday stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $138.49, for a total value of $271,717.38. Following the transaction, the chief financial officer now owns 79,454 shares in the company, valued at $11,003,584.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder David A. Duffield sold 102,500 shares of the firm's stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $142.63, for a total value of $14,619,575.00. Following the completion of the sale, the insider now owns 205,000 shares of the company's stock, valued at $29,239,150. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Barbara A. Larson sold 1,962 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $138.49, for a total value of $271,717.38. Following the completion of the sale, the chief financial officer now directly owns 79,454 shares of the company's stock, valued at $11,003,584.46. The disclosure for this sale can be found here. In the last three months, insiders sold 119,883 shares of company stock valued at $17,036,414. 21.74% of the stock is owned by insiders.