Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. The Company delivers financial management, human capital management and analytics applications designed for various companies, educational institutions and government agencies. It operates in the cloud applications segment. As part of its applications, the Company provides embedded analytics that capture the content and context of everyday business events, facilitating informed decision-making from wherever users are working. Its applications include Workday Financial Management, Workday Human Capital Management (HCM) and Workday Insight Applications. It also provides open, standards-based Web-services application programming interfaces, and pre-built packaged integrations and connectors. Workday Financial Management provides the finance functions of general ledger, global accounting, accounts payable, accounts receivable and cash management and asset management, among others.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Application Software
- Sub-Industry: Application Software
- Exchange: NYSE
- Symbol: WDAY
- CUSIP: 98138H10
- Previous Close: $85.50
- 50 Day Moving Average: $78.86
- 200 Day Moving Average: $82.28
- 52-Week Range: $201,000,000.00 - $48.86
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 315.82
- P/E Growth: 58.95
- Market Cap: $17.77B
- Outstanding Shares: 201,000,000
- Beta: 1.93
- Net Margins: -26.36%
- Return on Equity: -29.55%
- Return on Assets: -12.07%
Companies Related to Workday:
- Debt-to-Equity Ratio: 0.46%
- Current Ratio: 2.09%
- Quick Ratio: 2.09%
What is Workday's stock symbol?
Workday trades on the New York Stock Exchange (NYSE) under the ticker symbol "WDAY."
Where is Workday's stock going? Where will Workday's stock price be in 2017?
36 analysts have issued 1-year price targets for Workday's shares. Their forecasts range from $56.00 to $110.00. On average, they expect Workday's share price to reach $85.18 in the next twelve months.
When will Workday announce their earnings?
Workday is scheduled to release their next quarterly earnings announcement on Monday, February, 27th 2017.
What are analysts saying about Workday stock?
Here are some recent quotes from research analysts about Workday stock:
Barclays PLC analysts commented, "We believe the company’s bullish comments around the growing pipeline for the financials solution and the new platform approach have raised some investor expectations for better times ahead. At the moment, second-half billings represent 57% of annual billings, which is slightly below the historical range of 59%." (11/23/2016)
Canaccord Genuity analysts commented, "There really wasn't anything to complain about on Workday's very good quarter and guide. In fact, Workday has done an impressive job of knocking down fears and objections to the firm's perceived outlook over the past couple of years," analyst Richard Davis wrote in a note.Related Link: Worday's Guidance May Be ConservativeLooking ahead, the company sees third-quarter subscription revenues to be within a range of $331 million to $333 million and third-quarter total revenues to be $398 million to $400 million. Workday expects total derived billings for the quarter to increase 31 percent to $445 million versus the Street's estimate of $439 million.For the full fiscal-year 2017, Workday now expects derived billings of $1.88 billion to $1.89 billion (up from earlier outlook of $1.87 billion to $1.885 billion) and total revenue of $1.548 billion to $1.558 billion (up from $1.545 billion to $1.555 billion previously). The revenue outlook now assumes fiscal 2017 subscription revenue of $1.278 billion to $1.285 billion.Despite high valuation, Davis recommends investors build position in Workday, as he expects the stock to approach $100 within a year. Davis has a Buy rating on the stock."[W]e still believe you should own at least some stock and use the inevitable stock market emotional breakdowns to build out a full position in WDAY. Tactically, we expect this stock to approach $100 within a year and perhaps sooner off of what is likely to be a well-attended and received Customer Conference the week of September 26th," (8/25/2016)
Needham & Company LLC analysts commented, "We like WDAY's long-term strategy and believe its significant push into financials is the right strategic move, but our checks continue to suggest the high end of the HRMS market remains slow and competitive, along with Financials sales remaining difficult as customers don't seem ready for a Cloud solution, and functionality not quite complete yet," analyst Scott Berg wrote in a note.Related Link: Stephens & Co. Initiates Coverage On Workday At Equal WeightBerg's checks also showed that over the last 12 months, some large enterprise customers have switched from using Workday's payroll engine to other payroll Service Bureaus while retaining the company's core HRMS solution.Workday is expected to announce its second-quarter numbers on August 24. Needham expects a loss of $0.04 a share, while consensus estimate calls for a loss of $0.02. Berg expects billings to be in line to nominal outperform versus his current $430 million estimate."We believe the result will be 2Q billings in line with recent decelerating trends for outperformance, and with a valuation trading at 9.5x EV/FY17 revenues and 7.x FY18, we believe the stock to be fully valued. We could become more constructive if our view on Financials proves too conservative," (8/22/2016)
Brean Capital analysts commented, "While our checks indicate solid F4Q bookings, we are uncertain regarding how much of the strength in its bookings will be reflected in its reported billing and its revenue guidance because of unfavorable contract terms the company is providing to its customers due to competitive pressure. Given lack of transparency into its new business bookings, we believe there will likely be a high degree of uncertainty that exists among investors regarding its true sales momentum. We expect its Financial apps to show better market adoption this year (especially in 2H) as the company shifts sizable sales resources into this business, but this shift in sales strategy could introduce some sales transition risks that could result in slower growth in 1H of the year. In our view, shares in the near term are likely to reflect a high level of uncertainty that exists in its new business bookings due to varying contract terms." (2/22/2016)
Who owns Workday stock?
Workday's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (3.91%), Sands Capital Management LLC (2.82%), Artisan Partners Limited Partnership (1.50%), State Street Corp (1.03%), Janus Capital Management LLC (0.57%) and Federated Investors Inc. PA (0.46%). Company insiders that own Workday stock include A George Battle, Aneel Bhusri, David A Duffield, George J Still Jr, George J Still, Jr, James Bozzini, James P Shaughnessy, Mark S Peek, Michael A Stankey, Michael M Mcnamara, Philip W Wilmington and Robynne Sisco.
Who sold Workday stock? Who is selling Workday stock?
Workday's stock was sold by a variety of institutional investors in the last quarter, including Artisan Partners Limited Partnership, Two Sigma Investments LP, Janus Capital Management LLC, Renaissance Technologies LLC, Sands Capital Management LLC, Federated Investors Inc. PA, Baillie Gifford & Co. and Ithaka Group LLC. Company insiders that have sold Workday stock in the last year include A George Battle, Aneel Bhusri, David A Duffield, George J Still Jr, George J Still, Jr, James Bozzini, James P Shaughnessy, Mark S Peek, Michael A Stankey, Michael M Mcnamara, Philip W Wilmington and Robynne Sisco.
Who bought Workday stock? Who is buying Workday stock?
Workday's stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Scge Management L.P., Nicholas Co. Inc. WI, Asset Management One Co. Ltd., Paulson & CO. Inc., Banbury Partners LLC, FIL Ltd and Lyell Wealth Management LP.
How do I buy Workday stock?
Shares of Workday can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Workday stock cost?
One share of Workday stock can currently be purchased for approximately $88.43.