The stock of Workday Inc (NASDAQ:WDAY) last traded at $270.72, up 2.74% from the previous session.
Data from the available sources indicates that Workday Inc (NASDAQ:WDAY) is covered by 37 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $310.00 and a low of $175.00, we find $280.00. Given the previous closing price of $263.49, this indicates a potential upside of 6.27 percent. WDAY stock price is now 22.11% away from the 50-day moving average and 27.41% away from the 200-day moving average. The market capitalization of the company currently stands at $70.66B.
In total, 10 analysts have assigned it a hold rating, and 21 have given it a buy rating. Brokers who have rated the stock have averaged $277.61 as their price target over the next twelve months.
With the price target enhanced from $260 to $290, BMO Capital Markets maintained Outperform rating for Workday Inc (NASDAQ: WDAY).
In other news, Chakraborty Sayan, Co-President sold 4,899 shares of the company’s stock on Oct 06. The stock was sold for $1,000,704 at an average price of $204.27. Upon completion of the transaction, the Co-President now directly owns 124,574 shares in the company, valued at $33.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 06, Chief Legal Officer & Secty Sauer Richard Harry sold 2,739 shares of the business’s stock. A total of $556,122 was realized by selling the stock at an average price of $203.04. This leaves the insider owning 90,388 shares of the company worth $24.47 million. Insiders disposed of 389,911 shares of company stock worth roughly $105.56 million over the past 1 year. A total of 21.87% of the company’s stock is owned by insiders.
With an opening price of $264.26 on Thursday morning, Workday Inc (NASDAQ: WDAY) set off the trading day. During the past 12 months, Workday Inc has had a low of $155.50 and a high of $270.65. As of last week, the company has a debt-to-equity ratio of 0.49, a current ratio of 2.08, and a quick ratio of 2.08. According to the stock market information, the enterprise value for the company is $67.61B, which is based on a 1145.18 price-to-earnings ratio, a 39.30 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for WDAY is $221.71 and a two-hundred day moving average price translates $212.49 for the stock.
The latest earnings results from Workday Inc (NASDAQ: WDAY) was released for Oct, 2023. According to the Software – Application Company, earnings per share came in at $1.53, beating analysts’ expectations of $1.41 by 0.12. This compares to -$0.29 EPS in the same period last year. The net profit margin was 0.97% and return on equity was 1.11% for WDAY. The company reported revenue of $1.87 billion for the quarter, compared to $1.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.67 percent. For the current quarter, analysts expect WDAY to generate $1.92B 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 has a partnership with Accenture to develop a suite of data-led and composable finance solutions. 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.
