FY2027 EPS Estimates for Workday Increased by Zacks Research

Workday, Inc. (NASDAQ:WDAY) – Equities researchers at Zacks Research raised their FY2027 earnings per share estimates for Workday in a note issued to investors on Monday, February 17th. Zacks Research analyst R. Department now expects that the software maker will earn $4.57 per share for the year, up from their previous forecast of $4.56. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

WDAY has been the topic of several other research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Workday in a research report on Tuesday, December 3rd. Scotiabank assumed coverage on Workday in a research report on Monday, November 18th. They set a “sector outperform” rating and a $340.00 price target on the stock. Barclays reduced their price target on Workday from $314.00 to $305.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Guggenheim raised Workday from a “sell” rating to a “neutral” rating in a research report on Monday, January 6th. Finally, Loop Capital increased their price target on Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $291.11.

Workday Price Performance

Workday stock opened at $261.10 on Thursday. Workday has a 12 month low of $199.81 and a 12 month high of $311.28. The stock’s 50 day moving average is $261.36 and its 200-day moving average is $252.47. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $69.45 billion, a price-to-earnings ratio of 43.30, a PEG ratio of 3.62 and a beta of 1.35.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 26th. The software maker reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Crews Bank & Trust bought a new position in shares of Workday in the 4th quarter worth about $26,000. Roxbury Financial LLC acquired a new stake in shares of Workday in the 4th quarter valued at about $25,000. Avion Wealth grew its stake in shares of Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Workday in the 3rd quarter valued at about $26,000. Finally, TCTC Holdings LLC acquired a new stake in shares of Workday in the 4th quarter valued at about $35,000. 89.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 56,000 shares of Workday stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $246.42, for a total value of $13,799,520.00. Following the completion of the transaction, the insider now directly owns 60,000 shares of the company’s stock, valued at approximately $14,785,200. This trade represents a 48.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sayan Chakraborty sold 5,498 shares of Workday stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $250.78, for a total value of $1,378,788.44. Following the completion of the transaction, the insider now directly owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock valued at $113,142,592 in the last three months. Insiders own 20.00% 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.