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NASDAQ:WDAY

Workday (WDAY) Stock Price, News & Analysis

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$212.39
-3.17 (-1.47%)
(As of 10:08 AM ET)
Compare
Today's Range
$209.84
▼
$213.47
50-Day Range
$207.44
▼
$272.44
52-Week Range
$202.01
▼
$311.28
Volume
335,357 shs
Average Volume
2.19 million shs
Market Capitalization
$56.28 billion
P/E Ratio
38.27
Dividend Yield
N/A
Price Target
$283.96
Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends

Workday MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
31.7% Upside
$283.96 Price Target
Short Interest
Healthy
1.75% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.20
Upright™ Environmental Score
News Sentiment
0.99mentions of Workday in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$134.78 M Sold Last Quarter
Proj. Earnings Growth
47.16%
From $1.76 to $2.59 Per Share

Overall MarketRank™

New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.99 out of 5 stars

Computer And Technology Sector

2nd out of 575 stocks

Data Processing & Preparation Industry

1st out of 59 stocks

See Top Rated MarketRank™ Stocks Here
WDAY stock logo

About Workday Stock (NASDAQ:WDAY)

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.

WDAY Stock Price History

WDAY Stock News Headlines

June 6, 2024 | insidertrades.com
Workday, Inc. (NASDAQ:WDAY) Major Shareholder David A. Duffield Sells 82,762 Shares
June 4, 2024 | marketbeat.com
Top 3 Analyst-Downgraded Stocks: Tesla, Workday, Starbucks
Investors should not ignore analysts' sentiment because it can profoundly impact a stock price direction. Upgrades naturally lift sentiment and lead markets higher, while downgrades can lower them.
June 4, 2024 | marketbeat.com
Top 3 Analyst-Downgraded Stocks: Tesla, Workday, Starbucks (WDAY)
Tesla, Starbucks, and Workday top the list of Marketbeat's Most Downgraded Stocks helping to set up buying opportunities for long-term investors.
May 31, 2024 | insidertrades.com
Insider Selling: Workday, Inc. (NASDAQ:WDAY) Insider Sells 3,121 Shares of Stock
May 24, 2024 | marketbeat.com
Workday, Intuit fall; Ross Stores, Deckers Outdoor rise, Friday, 5/24/2024
Stocks that traded heavily or had substantial price changes on Friday: Workday, Intuit fall; Ross Stores, Deckers Outdoor rise
May 22, 2024 | marketbeat.com
Zoom Stock’s Earnings Volatility Picked Up a Lot of Buyers (WDAY)
Zoom stock quickly recovered after an after-hours selloff, and investors can find out why these willing buyers were so quick to step in, all in the fundamentals
June 5, 2024 | investorplace.com
The 3 Best Cloud Computing Stocks to Buy in June 2024
June 5, 2024 | prnewswire.com
Workday Announces Built on Workday to Help Partners Build, Manage, and Distribute Finance and HCM Apps to Workday Customers
June 3, 2024 | prnewswire.com
Google Cloud Expands Partnership with Workday to Enhance App Development With Generative AI
June 3, 2024 | prnewswire.com
Workday Turbocharges Its Partner and Developer Ecosystem with New Workday AI Capabilities
June 2, 2024 | americanbankingnews.com
Workday, Inc. (NASDAQ:WDAY) Insider Sells $669,267.24 in Stock
June 2, 2024 | americanbankingnews.com
Comparing Workday (NASDAQ:WDAY) & SilverSun Technologies (NASDAQ:SSNT)
May 29, 2024 | seekingalpha.com
Workday, Inc. (WDAY) Jefferies Software Conference (Transcript)
May 29, 2024 | markets.businessinsider.com
Workday’s Growth Trajectory: Expanding Market and Strong Customer Retention Fuel Buy Rating
May 28, 2024 | baystreet.ca
Workday Shares Plunge in After-Hours Trading
May 28, 2024 | finance.yahoo.com
Company News for May 28, 2024
May 28, 2024 | ca.finance.yahoo.com
WDAY Aug 2024 240.000 call
May 27, 2024 | proactiveinvestors.com
Workday continues to present long-term value, analysts believe
May 26, 2024 | msn.com
Workday, Inc. (NASDAQ:WDAY) Q1 2025 Earnings Call Transcript
May 25, 2024 | seekingalpha.com
Workday: Falling Through The Floor (Technical Analysis)
May 25, 2024 | finance.yahoo.com
Earnings Beat: Workday, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
May 24, 2024 | finance.yahoo.com
Workday stock plunges on subscription revenue forecast
May 24, 2024 | finance.yahoo.com
Stocks rise ahead of holiday weekend, Workday tumbles: Yahoo Finance
May 24, 2024 | markets.businessinsider.com
Does Workday Have 'Some Pockets Of Strength'? 11 Analysts Look At Q1 Results, Outlook
May 24, 2024 | fool.com
Why Workday Stock Crashed 14% Today
See More Headlines
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Company Calendar

Last Earnings
5/23/2024
Today
6/10/2024
Next Earnings (Estimated)
8/22/2024
Fiscal Year End
1/31/2025
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Industry, Sector and Symbol

Stock Exchange
NASDAQ
Sector
Computer and Technology
Industry
Data processing & preparation
Sub-Industry
Application Software
Current Symbol
NASDAQ:WDAY
CUSIP
98138H10
CIK
1327811
Web
www.workday.com
Phone
(925) 951-9000
Fax
N/A
Employees
18,800
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$283.96
High Stock Price Target
$350.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+31.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
27 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$5.55
Trailing P/E Ratio
38.87
Forward P/E Ratio
122.57
P/E Growth
6.53
Net Income
$1.38 billion
Net Margins
19.66%
Pretax Margin
6.24%
Return on Equity
5.78%
Return on Assets
2.81%

Debt

Debt-to-Equity Ratio
0.37
Current Ratio
2.00
Quick Ratio
2.00

Sales & Book Value

Annual Sales
$7.26 billion
Price / Sales
7.88
Cash Flow
$1.57 per share
Price / Cash Flow
137.72
Book Value
$30.63 per share
Price / Book
7.04

Miscellaneous

Outstanding Shares
265,000,000
Free Float
212,000,000
Market Cap
$57.17 billion
Optionable
Optionable
Beta
1.33

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Should I Buy Workday Stock? WDAY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Workday, Inc.:

  • Workday, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company has a solid track record of innovation, regularly releasing updates and new features to its cloud-based software solutions, enhancing its competitive edge.
  • Workday's stock price has been steadily increasing, reflecting positive investor sentiment and potential for further growth.
  • Workday's focus on expanding its customer base globally presents opportunities for revenue diversification and long-term sustainability.
  • The company's strong financial position, with healthy cash reserves and manageable debt levels, provides stability and room for strategic investments.

Cons

Investors should be bearish about investing in Workday, Inc. for these reasons:

  • Workday faces intense competition in the cloud-based software industry, which could potentially impact its market share and profitability.
  • Market volatility and economic uncertainties may affect Workday's financial performance and stock price, leading to investment risks.
  • Workday's high valuation compared to its earnings may pose challenges in meeting investor expectations and sustaining stock price growth.
  • Changes in regulatory environments or data privacy laws could impact Workday's operations and increase compliance costs, affecting profitability.
  • Workday's reliance on subscription-based revenue streams makes it vulnerable to customer churn and fluctuations in demand for its services.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these Workday pros and cons to contact@marketbeat.com.

WDAY Stock Analysis - Frequently Asked Questions

Should I buy or sell Workday stock right now?

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workday in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" WDAY shares.
View WDAY analyst ratings or view top-rated stocks.

What is Workday's stock price target for 2024?

27 brokerages have issued 1-year price targets for Workday's stock. Their WDAY share price targets range from $190.00 to $350.00. On average, they expect the company's stock price to reach $283.96 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price.
View analysts price targets for WDAY or view top-rated stocks among Wall Street analysts.

How have WDAY shares performed in 2024?

Workday's stock was trading at $276.06 on January 1st, 2024. Since then, WDAY stock has decreased by 21.9% and is now trading at $215.56.
View the best growth stocks for 2024 here.

When is Workday's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 22nd 2024.
View our WDAY earnings forecast.

How were Workday's earnings last quarter?

Workday, Inc. (NASDAQ:WDAY) issued its quarterly earnings data on Thursday, May, 23rd. The software maker reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.20. The software maker earned $1.99 billion during the quarter, compared to analyst estimates of $1.97 billion. Workday had a net margin of 19.66% and a trailing twelve-month return on equity of 5.78%. The company's revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 earnings per share.

What ETFs hold Workday's stock?

ETFs with the largest weight of Workday (NASDAQ:WDAY) stock in their portfolio include Polen Capital Global Growth ETF (PCGG), ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), Direxion Daily Cloud Computing Bull 2x (CLDL), Global X Cloud Computing ETF (CLOU), Sterling Capital Focus Equity ETF (LCG), Natixis U.S. Equity Opportunities ETF (EQOP), Natixis Loomis Sayles Focused Growth ETF (LSGR) and Fidelity Cloud Computing ETF (FCLD).

How will Workday's stock buyback program work?

Workday announced that its board has initiated a share repurchase plan on Tuesday, November 29th 2022, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 1.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

What guidance has Workday issued on next quarter's earnings?

Workday issued an update on its second quarter 2025 earnings guidance on Friday, May, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

What is Aneel Bhusri's approval rating as Workday's CEO?

994 employees have rated Workday Chief Executive Officer Aneel Bhusri on Glassdoor.com. Aneel Bhusri has an approval rating of 95% among the company's employees. This puts Aneel Bhusri in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Workday own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Workday investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Athabasca Oil (ATH), NVIDIA (NVDA), Aegean Marine Petroleum Network (ANW), Salesforce (CRM) and NIC (EGOV).

Who are Workday's major shareholders?

Workday's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.60%), Baillie Gifford & Co. (2.53%), Janus Henderson Group PLC (1.69%), Sustainable Growth Advisers LP (1.29%), Clearbridge Investments LLC (0.96%) and Blair William & Co. IL (0.58%). Insiders that own company stock include Aneel Bhusri, Barbara A Larson, Carl M Eschenbach, Christa Davies, David A Duffield, Douglas A Robinson, George J Still Jr, Gomez Luciano Fernandez, James Bozzini, Michael M Mcnamara, Richard Harry Sauer, Robynne Sisco, Sayan Chakraborty, Zane Rowe and Zane Rowe.
View institutional ownership trends.

How do I buy shares of Workday?

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.

Does Workday have any subsidiaries?
The following companies are subsidiares of Workday: Adaptive Insights Co. Ltd., Adaptive Insights LLC, Adaptive Insights Ltd., Adaptive Insights Pty Ltd, Canada Workday ULC, Capa Clear Software, GridCraft, Identified, MediaCore, Pattern Technologies, Peakon, Platfora, Platfora Inc., Rallyteam, Rallyteam Inc., Rallyteam Software Solutions Inc., Scout RFP, Skipflag Inc., Stories, Tri-Valley Resellers LLC, Trusted Key, Upshot, Vineyard Sound LLC, Workday (Beijing) Co. Ltd, Workday (Beijing) Co. Ltd., Workday (NZ) Unlimited, Workday (Thailand) Co. Ltd., Workday (UK) Limited, Workday Adaptive Planning, Workday Asia Pacific Limited, Workday Australia Pty Ltd, Workday Australia Pty. Ltd., Workday Austria GmbH, Workday B.V., Workday Belgium SPRL, Workday CZ s.r.o, Workday Denmark Aps, Workday España SL, Workday Finland Oy, Workday France, Workday Global Inc., Workday GmbH, Workday India Private Limited, Workday International Limited, Workday Italy S.r.l., Workday K.K., Workday Korea Limited, Workday Limited, Workday Malaysia Sdn. Bhd., Workday Norway AS, Workday Polska sp. z.o.o, Workday Singapore Pte. Ltd., Workday South Africa (Pty) Ltd, Workday Sweden Aktiebolag, Workday Switzerland GmbH, Zaption, and Zaption Inc..
Read More
This page (NASDAQ:WDAY) was last updated on 6/10/2024 by MarketBeat.com Staff

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