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NASDAQ:WDAY

Workday (WDAY) Stock Price, News & Analysis

Workday logo
$233.85
-4.43 (-1.86%)
(As of 10/31/2024 ET)

About Workday Stock (NASDAQ:WDAY)

Key Stats

Today's Range
$233.75
$238.04
50-Day Range
$231.08
$264.68
52-Week Range
$199.81
$311.28
Volume
1.42 million shs
Average Volume
2.11 million shs
Market Capitalization
$61.97 billion
P/E Ratio
40.74
Dividend Yield
N/A
Price Target
$287.04
Consensus Rating
Moderate Buy

Company Overview

Workday, Inc. provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; 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. It also provides spend management solutions that help organizations to streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events, such as requests for proposals; expense management solutions to submit and approve expenses; and a suite of human capital management applications that enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences. In addition, the company offers planning applications; and applications for analytics and reporting comprising 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. Further, it provides supply chain and inventory solutions to healthcare organizations; solutions to manage the end-to-end student and faculty lifecycle; and Workday Extend for customers and their developers to build custom applications. 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 Analysis - MarketRank™

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98th Percentile Overall Score

WDAY MarketRank™: 

Workday scored higher than 98% of companies evaluated by MarketBeat, and ranked 27th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Workday has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 20 buy ratings, 6 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Workday has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Workday's stock forecast and price target.
  • Earnings Growth

    Earnings for Workday are expected to grow by 37.92% in the coming year, from $2.40 to $3.31 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Workday is 41.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Workday is 41.08, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 271.59.

  • Price to Earnings Growth Ratio

    Workday has a PEG Ratio of 4.72. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Workday has a P/B Ratio of 7.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Workday's valuation and earnings.
  • Percentage of Shares Shorted

    1.67% of the outstanding shares of Workday have been sold short.
  • Short Interest Ratio / Days to Cover

    Workday has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Workday has recently decreased by 4.33%, indicating that investor sentiment is improving.
  • Dividend Yield

    Workday does not currently pay a dividend.

  • Dividend Growth

    Workday does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    1.67% of the outstanding shares of Workday have been sold short.
  • Short Interest Ratio / Days to Cover

    Workday has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Workday has recently decreased by 4.33%, indicating that investor sentiment is improving.
  • News Sentiment

    Workday has a news sentiment score of 1.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 20 news articles for Workday this week, compared to 17 articles on an average week.
  • Search Interest

    Only 11 people have searched for WDAY on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.
  • MarketBeat Follows

    Only 6 people have added Workday to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Workday insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $91,506,897.00 in company stock.

  • Percentage Held by Insiders

    20.00% of the stock of Workday is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    89.81% of the stock of Workday is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Workday's insider trading history.
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WDAY Stock News Headlines

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Workday’s Strong Performance and Growth Potential Justify Buy Rating
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WDAY Stock Analysis - Frequently Asked Questions

Workday's stock was trading at $276.06 at the beginning of the year. Since then, WDAY shares have decreased by 14.6% and is now trading at $235.81.
View the best growth stocks for 2024 here
.

Workday, Inc. (NASDAQ:WDAY) issued its earnings results on Thursday, August, 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.10. Workday's revenue for the quarter was up 16.5% compared to the same quarter last year.

Workday's board authorized a stock repurchase plan on Tuesday, November 29th 2022, which authorizes the company to repurchase $500,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 1.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Workday subsidiaries include these companies: Peakon, Scout RFP, Trusted Key, Stories, Workday Adaptive Planning, Rallyteam, Tri-Valley Resellers LLC, and more.

Top institutional shareholders of Workday include Van ECK Associates Corp (0.35%), National Pension Service (0.21%), Raymond James & Associates (0.19%) and Assenagon Asset Management S.A. (0.16%). Insiders that own company stock include Aneel Bhusri, David A Duffield, Gomez Luciano Fernandez, Douglas A Robinson, Zane Rowe, Zane Rowe, Christa Davies, James Bozzini, Sayan Chakraborty, Robynne Sisco, George J Still Jr, Richard Harry Sauer, Barbara A Larson, Carl M Eschenbach, Michael M Mcnamara and Wayne AI Frederick.
View institutional ownership trends
.

Shares of WDAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Workday investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Salesforce (CRM), Netflix (NFLX), Broadcom (AVGO) and Tesla (TSLA).

Company Calendar

Last Earnings
8/22/2024
Today
10/31/2024
Next Earnings (Estimated)
11/26/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Application Software
Current Symbol
NASDAQ:WDAY
CUSIP
98138H10
Fax
N/A
Employees
18,800
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$287.04
High Stock Price Target
$330.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+21.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
27 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
7.10%

Debt

Sales & Book Value

Annual Sales
$7.86 billion
Cash Flow
$1.56 per share
Book Value
$30.63 per share

Miscellaneous

Free Float
212,000,000
Market Cap
$62.83 billion
Optionable
Optionable
Beta
1.35

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This page (NASDAQ:WDAY) was last updated on 10/31/2024 by MarketBeat.com Staff
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