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 Up 6.1 %

NASDAQ:WDAY traded up $10.15 on Friday, reaching $176.23. The company's stock had a trading volume of 3,728,801 shares, compared to its average volume of 2,202,343. Workday has a 12-month low of $134.10 and a 12-month high of $307.81. The stock has a 50 day moving average price of $149.11 and a 200 day moving average price of $192.33. 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. 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 (NASDAQ:WDAY - Get Rating) last issued its quarterly earnings data on Thursday, May 26th. The software maker reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). The company 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%. The firm's quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) earnings per share. On average, equities analysts anticipate that Workday will post -0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Stifel Nicolaus dropped their price objective on Workday from $275.00 to $220.00 in a report on Friday, May 27th. JPMorgan Chase & Co. reduced their price objective on shares of Workday from $280.00 to $235.00 in a research report on Friday, May 27th. Mizuho decreased their price objective on shares of Workday from $300.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, May 27th. Cowen cut their target price on shares of Workday from $310.00 to $250.00 in a research note on Monday, May 23rd. Finally, Robert W. Baird reduced their price target on shares of Workday from $290.00 to $235.00 and set an "outperform" rating for the company in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat, Workday currently has an average rating of "Moderate Buy" and an average target price of $250.06.

Insider Activity

In related news, COO James Bozzini sold 5,030 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $138.49, for a total transaction of $696,604.70. Following the completion of the transaction, the chief operating officer now owns 172,640 shares of the company's stock, valued at approximately $23,908,913.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Workday news, COO James Bozzini sold 5,030 shares of the company's stock in a transaction on Friday, July 15th. The stock was sold at an average price of $138.49, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gomez Luciano Fernandez sold 2,030 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $37,848,712.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 119,883 shares of company stock valued at $17,036,414. Company insiders own 21.74% of the company's stock.