Zacks Research Equities Analysts Raise Earnings Estimates for Workday, Inc. (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – Equities researchers at Zacks Research upped their FY2027 EPS estimates for Workday in a research note issued to investors on Wednesday, April 24th. Zacks Research analyst R. Department now forecasts that the software maker will earn $2.79 per share for the year, up from their prior estimate of $2.78. The consensus estimate for Workday’s current full-year earnings is $1.76 per share.

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

Several other research firms also recently commented on WDAY. Piper Sandler reissued an “overweight” rating and set a $330.00 target price on shares of Workday in a research report on Monday, February 26th. Wells Fargo & Company upped their price target on shares of Workday from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. Needham & Company LLC upped their price target on shares of Workday from $300.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. TheStreet upgraded shares of Workday from a “c” rating to a “b-” rating in a report on Monday, February 26th. Finally, JMP Securities restated a “market outperform” rating and set a $315.00 price target on shares of Workday in a report on Tuesday, February 27th. One research 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. Based on data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average price target of $293.61.

Workday Trading Down 0.4 %

Workday stock opened at $255.74 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market capitalization of $67.52 billion, a price-to-earnings ratio of 49.66, a PEG ratio of 6.42 and a beta of 1.32. Workday has a one year low of $174.25 and a one year high of $311.28. The company’s fifty day moving average price is $275.55 and its two-hundred day moving average price is $263.60.

Institutional Trading of Workday

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC lifted its stake in Workday by 12.3% in the 3rd quarter. CWM LLC now owns 3,691 shares of the software maker’s stock valued at $793,000 after purchasing an additional 405 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Workday by 68.5% during the third quarter. Global Retirement Partners LLC now owns 332 shares of the software maker’s stock worth $70,000 after buying an additional 135 shares during the period. State of Alaska Department of Revenue increased its position in shares of Workday by 0.3% during the third quarter. State of Alaska Department of Revenue now owns 22,656 shares of the software maker’s stock worth $4,867,000 after buying an additional 65 shares during the period. Founders Financial Securities LLC increased its position in shares of Workday by 8.2% during the third quarter. Founders Financial Securities LLC now owns 1,683 shares of the software maker’s stock worth $362,000 after buying an additional 128 shares during the period. Finally, Washington Trust Advisors Inc. increased its position in shares of Workday by 33.2% during the third quarter. Washington Trust Advisors Inc. now owns 445 shares of the software maker’s stock worth $96,000 after buying an additional 111 shares during the period. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 65,221 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $268.29, for a total value of $17,498,142.09. Following the completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at approximately $27,633,065.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder David A. Duffield sold 56,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 65,221 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $268.29, for a total transaction of $17,498,142.09. Following the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $27,633,065.13. The disclosure for this sale can be found here. Insiders sold 435,691 shares of company stock valued at $117,731,569 in the last quarter. Company insiders own 21.09% 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.