FY2027 EPS Estimates for Workday, Inc. Lifted by Zacks Research (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – Investment analysts at Zacks Research raised their FY2027 earnings estimates for shares of Workday in a research report issued on Wednesday, April 24th. Zacks Research analyst R. Department now anticipates that the software maker will post earnings per share of $2.79 for the year, up from their previous estimate of $2.78. The consensus estimate for Workday’s current full-year earnings is $1.76 per share.

Other equities research analysts also recently issued reports about the stock. UBS Group cut their price objective on shares of Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a research report on Monday, February 26th. KeyCorp raised their price objective on shares of Workday from $310.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Stifel Nicolaus raised their price objective on shares of Workday from $250.00 to $290.00 and gave the stock a “hold” rating in a research report on Tuesday, February 27th. Finally, Evercore ISI raised their price objective on shares of Workday from $310.00 to $350.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $293.61.

Workday Trading Down 1.2 %

Shares of NASDAQ:WDAY opened at $251.04 on Thursday. Workday has a 52-week low of $174.25 and a 52-week high of $311.28. The company has a market capitalization of $66.27 billion, a P/E ratio of 48.75, a price-to-earnings-growth ratio of 6.39 and a beta of 1.32. The company has a 50-day simple moving average of $273.49 and a 200 day simple moving average of $263.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.97 and a current ratio of 1.97.

Workday (NASDAQ:WDAY) last issued its earnings results on Monday, February 26th. The software maker reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.10. Workday had a net margin of 19.02% and a return on equity of 4.87%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the business posted ($0.14) EPS. Workday’s revenue was up 16.8% on a year-over-year basis.

Insider Activity at Workday

In other Workday news, Director George J. Still, Jr. sold 5,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the sale, the director now owns 105,000 shares of the company’s stock, valued at $28,404,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction on Friday, April 12th. The shares were sold at an average price of $264.89, for a total transaction of $14,833,840.00. Following the transaction, the insider now owns 843,000 shares in the company, valued at $223,302,270. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George J. Still, Jr. sold 5,000 shares of Workday stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $270.52, for a total transaction of $1,352,600.00. Following the transaction, the director now owns 105,000 shares in the company, valued at approximately $28,404,600. The disclosure for this sale can be found here. Insiders have sold 435,691 shares of company stock valued at $117,731,569 over the last three months. 21.09% of the stock is owned by insiders.

Hedge Funds Weigh In On Workday

A number of hedge funds have recently modified their holdings of WDAY. Norges Bank acquired a new position in shares of Workday during the fourth quarter worth $1,491,149,000. Wellington Management Group LLP lifted its holdings in Workday by 37.4% in the third quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after buying an additional 1,406,153 shares during the period. Winslow Capital Management LLC lifted its holdings in Workday by 76.4% in the third quarter. Winslow Capital Management LLC now owns 2,310,619 shares of the software maker’s stock valued at $496,436,000 after buying an additional 1,000,922 shares during the period. Morgan Stanley lifted its holdings in Workday by 47.0% in the third quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after buying an additional 872,288 shares during the period. Finally, Alkeon Capital Management LLC acquired a new position in Workday in the third quarter valued at $107,425,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday 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 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.