FY2027 EPS Estimates for Workday Increased by Zacks Research

Workday, Inc. (NASDAQ:WDAY) – Equities research analysts at Zacks Research boosted their FY2027 EPS estimates for Workday in a report released on Monday, February 17th. Zacks Research analyst R. Department now anticipates 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.

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

A number of other equities analysts have also issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Workday from $300.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their target price on shares of Workday from $300.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Citigroup lowered their target price on shares of Workday from $287.00 to $270.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised Workday from a “hold” rating to a “buy” rating and increased their price target for the stock from $265.00 to $300.00 in a report on Wednesday, January 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price target on shares of Workday in a report on Thursday, February 6th. Ten equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $291.11.

Workday Stock Performance

Shares of WDAY opened at $256.39 on Thursday. 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 firm has a market cap of $68.20 billion, a PE ratio of 42.52, a price-to-earnings-growth ratio of 3.56 and a beta of 1.35. The company’s 50 day simple moving average is $260.75 and its 200-day simple moving average is $252.87. Workday has a 12-month low of $199.81 and a 12-month high of $311.28.

Insider Activity

In other news, major shareholder David A. Duffield sold 70,090 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $254.53, for a total value of $17,840,007.70. Following the completion of the transaction, the insider now owns 102,997 shares in the company, valued at $26,215,826.41. This trade represents a 40.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sayan Chakraborty sold 5,498 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were 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 owns 121,100 shares of the company’s stock, valued at approximately $30,369,458. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 438,819 shares of company stock worth $113,142,592 over the last 90 days. 20.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WDAY. Roxbury Financial LLC purchased a new stake in Workday during the 4th quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in Workday during the 3rd quarter worth about $26,000. Crews Bank & Trust purchased a new stake in Workday during the 4th quarter worth about $26,000. Avion Wealth increased its position in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

About Workday

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.