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 Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Workday from $280.00 to $235.00 in a research note on Friday, May 27th. Monness Crespi & Hardt reduced their price objective on Workday to $200.00 in a research note on Friday, May 27th. KeyCorp reduced their price objective on Workday from $229.00 to $207.00 and set an "overweight" rating on the stock in a research note on Friday, May 27th. Robert W. Baird reduced their price objective on Workday from $290.00 to $235.00 and set an "outperform" rating on the stock in a research note on Friday, May 27th. Finally, The Goldman Sachs Group reduced their price objective on Workday from $345.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday, April 14th. Four equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $253.81.

Workday Stock Performance

Shares of WDAY opened at $166.43 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.56 and a quick ratio of 1.56. Workday has a one year low of $134.10 and a one year high of $307.81. The company has a 50-day simple moving average of $148.60 and a two-hundred day simple moving average of $193.47. The firm has a market capitalization of $42.27 billion, a PE ratio of -1,386.92 and a beta of 1.39.

Workday (NASDAQ:WDAY - Get Rating) last released its earnings results 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). 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 for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Workday's revenue for the quarter was up 22.1% on a year-over-year basis. On average, analysts anticipate that Workday will post -0.65 EPS for the current fiscal year.

Insider Activity

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