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 Stock Down 1.0 %

WDAY Stock traded down $1.77 during mid-day trading on Tuesday, reaching $177.78. The company had a trading volume of 3,652 shares, compared to its average volume of 2,250,574. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $45.16 billion, a price-to-earnings ratio of -1,496.25 and a beta of 1.39. The firm has a fifty day simple moving average of $153.25 and a 200 day simple moving average of $154.54. Workday has a fifty-two week low of $134.10 and a fifty-two week high of $307.81.

Workday (NASDAQ:WDAY - Get Rating) last released its quarterly earnings data on Thursday, May 26th. The software maker reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.04). The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Workday had a negative net margin of 0.49% and a positive return on equity of 1.34%. Analysts forecast that Workday will post -0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

WDAY has been the topic of several analyst reports. Monness Crespi & Hardt cut their target price on Workday to $200.00 in a research note on Friday, May 27th. UBS Group decreased their target price on Workday from $185.00 to $170.00 and set a "neutral" rating for the company in a report on Friday, May 27th. Guggenheim began coverage on Workday in a report on Friday. They set a "sell" rating and a $134.00 target price for the company. Morgan Stanley decreased their price target on Workday from $310.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, DA Davidson decreased their price target on Workday from $250.00 to $220.00 and set a "buy" rating for the company in a report on Friday, May 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $249.19.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 102,500 shares of the firm's stock in a transaction that occurred 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 directly owns 205,000 shares of the company's stock, valued at approximately $29,239,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder David A. Duffield sold 102,500 shares of the firm's stock in a transaction that occurred 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 directly owns 205,000 shares of the company's stock, valued at approximately $29,239,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Douglas A. Robinson sold 331 shares of the firm's stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $142.50, for a total value of $47,167.50. Following the completion of the sale, the insider now directly owns 137,021 shares of the company's stock, valued at $19,525,492.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,883 shares of company stock valued at $17,036,414. 21.74% of the stock is owned by company insiders.