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

Workday, Inc. (NASDAQ:WDAY) – Equities research analysts at Zacks Research increased their FY2027 earnings estimates for Workday in a note issued to investors 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 forecast of $2.78. The consensus estimate for Workday’s current full-year earnings is $1.76 per share.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Monday, February 26th. The software maker reported $1.57 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 analyst estimates of $1.92 billion. During the same quarter last year, the business earned ($0.14) earnings per share. Workday’s quarterly revenue was up 16.8% compared to the same quarter last year.

Several other equities research analysts also recently weighed in on the stock. Citigroup increased their target price on shares of Workday from $270.00 to $293.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. KeyCorp increased their target price on shares of Workday from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Needham & Company LLC increased their target price on shares of Workday from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. increased their target price on shares of Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Finally, Evercore ISI increased their target price on shares of Workday from $310.00 to $350.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $293.61.

Workday Trading Down 1.2 %

Shares of WDAY opened at $251.04 on Thursday. Workday has a twelve month low of $174.25 and a twelve month high of $311.28. The company has a market cap of $66.27 billion, a P/E ratio of 48.75, a P/E/G ratio of 6.39 and a beta of 1.32. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $273.49 and its 200-day simple moving average is $263.77.

Hedge Funds Weigh In On Workday

A number of institutional investors have recently bought and sold shares of WDAY. CWM LLC raised its position in Workday by 12.3% during the 3rd quarter. CWM LLC now owns 3,691 shares of the software maker’s stock worth $793,000 after buying an additional 405 shares during the last quarter. Global Retirement Partners LLC raised its position in Workday by 68.5% during the 3rd 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 last quarter. State of Alaska Department of Revenue raised its position in Workday by 0.3% during the 3rd 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 last quarter. Founders Financial Securities LLC increased its holdings in shares of Workday by 8.2% during the 3rd quarter. Founders Financial Securities LLC now owns 1,683 shares of the software maker’s stock valued at $362,000 after purchasing an additional 128 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its holdings in shares of Workday by 33.2% during the 3rd quarter. Washington Trust Advisors Inc. now owns 445 shares of the software maker’s stock valued at $96,000 after purchasing an additional 111 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Richard Harry Sauer sold 8,447 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $268.21, for a total value of $2,265,569.87. Following the sale, the insider now directly owns 66,356 shares in the company, valued at approximately $17,797,342.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Richard Harry Sauer sold 8,447 shares of Workday stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $268.21, for a total value of $2,265,569.87. Following the completion of the sale, the insider now directly owns 66,356 shares in the company, valued at approximately $17,797,342.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 65,221 shares of Workday 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 completion of the sale, the insider now owns 102,997 shares of the company’s stock, valued at $27,633,065.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 435,691 shares of company stock worth $117,731,569. Corporate insiders own 21.09% 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.