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

Workday, Inc. (NASDAQ:WDAY) – Research analysts at Zacks Research boosted their FY2025 earnings per share estimates for Workday in a research note issued to investors on Tuesday, October 1st. Zacks Research analyst R. Department now expects that the software maker will post earnings per share of $2.36 for the year, up from their previous estimate of $2.34. The consensus estimate for Workday’s current full-year earnings is $2.40 per share.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 22nd. The software maker reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.10. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.07 billion. Workday had a return on equity of 5.34% and a net margin of 19.59%. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share.

A number of other equities research analysts also recently commented on the company. Bank of America lifted their price objective on Workday from $265.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Workday in a research report on Friday, September 13th. Evercore ISI reduced their target price on Workday from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a report on Thursday, September 19th. Finally, Morgan Stanley reduced their target price on Workday from $325.00 to $315.00 and set an “overweight” rating on the stock in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $287.04.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $242.35 on Thursday. The company has a market cap of $64.22 billion, a P/E ratio of 43.67, a P/E/G ratio of 4.71 and a beta of 1.35. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.36. Workday has a 52 week low of $199.81 and a 52 week high of $311.28. The business has a fifty day simple moving average of $240.30 and a 200-day simple moving average of $240.54.

Institutional Trading of Workday

Several hedge funds and other institutional investors have recently bought and sold shares of WDAY. Crewe Advisors LLC bought a new stake in Workday in the first quarter valued at about $27,000. Sound Income Strategies LLC increased its holdings in Workday by 74.2% in the first quarter. Sound Income Strategies LLC now owns 115 shares of the software maker’s stock valued at $31,000 after buying an additional 49 shares during the last quarter. SouthState Corp increased its holdings in Workday by 614.3% in the second quarter. SouthState Corp now owns 150 shares of the software maker’s stock valued at $34,000 after buying an additional 129 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in Workday in the second quarter valued at about $35,000. Finally, Asset Dedication LLC bought a new stake in Workday in the second quarter valued at about $36,000. 89.81% of the stock is owned by institutional investors.

Insider Transactions at Workday

In other news, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $226.67, for a total transaction of $710,383.78. Following the sale, the insider now directly owns 92,014 shares of the company’s stock, valued at approximately $20,856,813.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Richard Harry Sauer sold 3,134 shares of Workday stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $226.67, for a total transaction of $710,383.78. Following the sale, the insider now directly owns 92,014 shares of the company’s stock, valued at approximately $20,856,813.38. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $260.32, for a total value of $1,952,400.00. Following the completion of the sale, the director now directly owns 97,500 shares of the company’s stock, valued at approximately $25,381,200. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 389,123 shares of company stock valued at $94,376,699. 20.00% of the stock is currently owned by insiders.

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.