In yesterday’s Wall Street session, Workday Inc. (NASDAQ:WDAY) shares traded at $230.05, up 1.17% from the previous session.
39 analysts cover Workday Inc. (NASDAQ:WDAY), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $281.00 and a low of $142.00, we find $243.00. Given the previous closing price of $227.40, this indicates a potential upside of 6.86 percent. WDAY stock price is now 7.55% away from the 50-day moving average and 25.60% away from the 200-day moving average. The market capitalization of the company currently stands at $59.18B.
The stock has received a hold rating from 10 analysts and a buy rating from 23. Brokers who have rated the stock have averaged $238.18 as their price target over the next twelve months.
With the price target of $275, RBC Capital Mkts recently initiated with Outperform rating for Workday Inc. (NASDAQ: WDAY).
In other news, Chakraborty Sayan, Co-President sold 4,917 shares of the company’s stock on Jul 06. The stock was sold for $1,075,886 at an average price of $218.81. Upon completion of the transaction, the Co-President now directly owns 134,157 shares in the company, valued at $30.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 05, COO Bozzini James sold 4,941 shares of the business’s stock. A total of $1,094,104 was realized by selling the stock at an average price of $221.43. This leaves the insider owning 139,118 shares of the company worth $32.0 million. Insiders disposed of 379,721 shares of company stock worth roughly $87.35 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WDAY stock. A new stake in Workday Inc. shares was purchased by WINSLOW CAPITAL MANAGEMENT, LLC during the first quarter worth $404,405,000. GQG PARTNERS LLC invested $346,141,000 in shares of WDAY during the first quarter. In the first quarter, VIKING GLOBAL INVESTORS LP acquired a new stake in Workday Inc. valued at approximately $147,795,000. MIZUHO MARKETS CAYMAN LP acquired a new stake in WDAY for approximately $82,883,000. FOXHAVEN ASSET MANAGEMENT, LP purchased a new stake in WDAY valued at around $72,973,000 in the second quarter.
During the past 12 months, Workday Inc. has had a low of $128.72 and a high of $234.80. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for WDAY is $214.84 and a two-hundred day moving average price translates $183.51 for the stock.
The latest earnings results from Workday Inc. (NASDAQ: WDAY) was released for Apr, 2023. According to the Software – Application Company, earnings per share came in at $1.31, beating analysts’ expectations of $1.12 by 0.19. This compares to -$0.41 EPS in the same period last year. The net profit margin was -4.10% and return on equity was -4.80% for WDAY. The company reported revenue of $1.68 billion for the quarter, compared to $1.43 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.4 percent. For the current quarter, analysts expect WDAY to generate $1.77B in revenue.
Workday Inc.(WDAY) Company Profile
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, and to manage their business and operations. The company offers a suite of financial management applications, which enable chief financial officers 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 helps organizations to streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events, such as requests for proposals; and human capital management 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. In addition, the company offers applications for planning; 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. 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.
