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 Ratings Changes

Several equities research analysts have commented on the company. BMO Capital Markets lowered their price objective on Workday from $249.00 to $239.00 in a research report on Friday, May 27th. Canaccord Genuity Group lowered their price target on shares of Workday from $325.00 to $200.00 and set a "buy" rating on the stock in a report on Friday, May 27th. Robert W. Baird cut their price objective on shares of Workday from $290.00 to $235.00 and set an "outperform" rating for the company in a report on Friday, May 27th. Wells Fargo & Company lowered their target price on shares of Workday from $300.00 to $240.00 and set an "overweight" rating on the stock in a research note on Friday, May 27th. Finally, Mizuho dropped their target price on Workday from $300.00 to $200.00 and set a "buy" rating on the stock in a research report on Friday, May 27th. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $253.81.

Workday Stock Up 3.1 %

Shares of Workday stock opened at $166.80 on Tuesday. The business has a 50-day simple moving average of $148.40 and a 200-day simple moving average of $193.66. Workday has a one year low of $134.10 and a one year high of $307.81. 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 (NASDAQ:WDAY - Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The software maker reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates 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%. Workday's revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. On average, sell-side analysts forecast that Workday will post -0.65 earnings per share for the current year.

Insider Activity

In related news, CEO Gomez Luciano Fernandez sold 2,030 shares of the firm's 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 transaction, the chief executive officer now owns 265,605 shares of the company's stock, valued at $37,848,712.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Barbara A. Larson sold 1,962 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer now owns 79,454 shares in the company, valued at approximately $11,003,584.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $289,275.00. Following the completion of the sale, the chief executive officer now owns 265,605 shares of the company's stock, valued at approximately $37,848,712.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,883 shares of company stock valued at $17,036,414. Insiders own 21.74% of the company's stock.