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NASDAQ:WDAY

Workday (WDAY) Stock Price, News & Analysis

$275.24
+1.62 (+0.59%)
(As of 01:40 PM ET)
Today's Range
$272.44
$275.87
50-Day Range
$264.32
$307.21
52-Week Range
$174.25
$311.28
Volume
594,426 shs
Average Volume
1.86 million shs
Market Capitalization
$72.66 billion
P/E Ratio
53.44
Dividend Yield
N/A
Price Target
$293.61

Workday MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
6.7% Upside
$293.61 Price Target
Short Interest
Healthy
1.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.20
Upright™ Environmental Score
News Sentiment
0.68mentions of Workday in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$126.63 M Sold Last Quarter
Proj. Earnings Growth
47.16%
From $1.76 to $2.59 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.71 out of 5 stars

Computer And Technology Sector

50th out of 587 stocks

Data Processing & Preparation Industry

4th out of 57 stocks

WDAY stock logo

About Workday Stock (NASDAQ:WDAY)

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. It also provides spend management solutions that help organizations to streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events, such as requests for proposals; expense management solutions to submit and approve expenses; and a suite of human capital management applications that enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences. In addition, the company offers planning applications; and applications for analytics and reporting comprising augmented analytics to surface insights to the line of business in simple-to-understand stories, machine learning to drive efficiency and automation, and benchmarks to compare performance against other companies. Further, it provides supply chain and inventory solutions to healthcare organizations; solutions to manage the end-to-end student and faculty lifecycle; and Workday Extend for customers and their developers to build custom applications. It serves professional and business services, financial services, healthcare, education, government, technology, media, retail, and hospitality industries. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California.

WDAY Stock Price History

WDAY Stock News Headlines

Only a fool would buy Nvidia today…
Average people are too busy throwing their money into Nvidia, Google, and every other overvalued tech firm… while missing what could be the biggest story of the decade.
Workday Stock Price is Working on a Buy-the-Dip Opportunity
Workday, Inc. NASDAQ: WDAY issued a lackluster FQ2 report that left the market wishing for more. However, as tepid as the results are, underperformance is relative to analysts' consensus estimates.
Workday Stock Price is Working on a Buy-the-Dip Opportunity
Workday had a solid quarter despite tepid results relative to analysts' forecasts. The margin is widening, cash flow is solid, and acquisitions help it grow.
Workday Announces Annual Stockholder Meeting
Only a fool would buy Nvidia today…
Average people are too busy throwing their money into Nvidia, Google, and every other overvalued tech firm… while missing what could be the biggest story of the decade.
eduMe Completes Workday Certified Integration
WDAY Mar 2024 325.000 call
WDAY Mar 2024 245.000 put
WDAY Mar 2024 350.000 call
WDAY Jan 2025 130.000 call
WDAY Jun 2024 105.000 call
WDAY Jan 2026 105.000 call
WDAY Jun 2024 110.000 put
WDAY Dec 2024 270.000 call
WDAY Mar 2024 272.500 call
WDAY Mar 2024 355.000 call
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Today
3/28/2024
Next Earnings (Estimated)
5/23/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Application Software
Current Symbol
NASDAQ:WDAY
CUSIP
98138H10
Fax
N/A
Employees
18,800
Year Founded
2005

Price Target and Rating

Average Stock Price Target
$293.61
High Stock Price Target
$350.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+7.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
28 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
4.90%

Debt

Sales & Book Value

Annual Sales
$7.26 billion
Cash Flow
$1.54 per share
Book Value
$30.61 per share

Miscellaneous

Free Float
208,322,000
Market Cap
$72.24 billion
Optionable
Optionable
Beta
1.33

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Should I Buy Workday Stock? WDAY Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Workday was last updated on Wednesday, March 27, 2024 at 11:36 PM.

Pros

Here are some ways that investors could benefit from investing in Workday, Inc.:

  • Workday, Inc. provides enterprise cloud applications that help customers manage their business operations efficiently and effectively.
  • The company offers a suite of financial management applications that provide real-time financial insights, enhance financial consolidation, and promote internal control and auditability.
  • Workday's human capital management applications enable HR teams to streamline processes, hire, onboard, and provide employee experiences, which can lead to improved workforce management.
  • Recent developments have shown positive trends in Workday's financial performance, potentially indicating growth opportunities for investors.
  • Workday's stock price has shown resilience and potential for growth, making it an attractive investment option.

Cons

Investors should be bearish about investing in Workday, Inc. for these reasons:

  • Workday operates in a competitive industry with other major players offering similar cloud-based solutions, which could impact market share and profitability.
  • The company's reliance on subscription-based revenue models may pose challenges during economic downturns or market fluctuations.
  • Workday's focus on specific industries like healthcare, education, and government may limit its market reach and growth potential compared to more diversified competitors.
  • Investors should carefully monitor Workday's ability to innovate and adapt to changing market demands to ensure sustained growth and competitiveness.
  • Market volatility and macroeconomic factors could influence Workday's stock performance, requiring investors to assess risks carefully.

WDAY Stock Analysis - Frequently Asked Questions

Should I buy or sell Workday stock right now?

28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Workday in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WDAY shares.
View WDAY analyst ratings
or view top-rated stocks.

What is Workday's stock price target for 2024?

28 Wall Street research analysts have issued 12 month target prices for Workday's shares. Their WDAY share price targets range from $190.00 to $350.00. On average, they expect the company's share price to reach $293.61 in the next twelve months. This suggests a possible upside of 6.7% from the stock's current price.
View analysts price targets for WDAY
or view top-rated stocks among Wall Street analysts.

How have WDAY shares performed in 2024?

Workday's stock was trading at $276.06 on January 1st, 2024. Since then, WDAY shares have decreased by 0.3% and is now trading at $275.24.
View the best growth stocks for 2024 here
.

Are investors shorting Workday?

Workday saw a increase in short interest in March. As of March 15th, there was short interest totaling 3,820,000 shares, an increase of 23.6% from the February 29th total of 3,090,000 shares. Based on an average trading volume of 1,800,000 shares, the short-interest ratio is currently 2.1 days.
View Workday's Short Interest
.

When is Workday's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our WDAY earnings forecast
.

How were Workday's earnings last quarter?

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

How will Workday's stock buyback program work?

Workday declared that its board has authorized a share buyback program on Tuesday, November 29th 2022, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 1.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

What guidance has Workday issued on next quarter's earnings?

Workday issued an update on its first quarter 2025 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.0 billion-$2.0 billion, compared to the consensus revenue estimate of $2.0 billion.

What is Aneel Bhusri's approval rating as Workday's CEO?

994 employees have rated Workday Chief Executive Officer Aneel Bhusri on Glassdoor.com. Aneel Bhusri has an approval rating of 95% among the company's employees. This puts Aneel Bhusri in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Workday own?
Who are Workday's major shareholders?

Workday's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.49%), Vanguard Group Inc. (5.49%), Baillie Gifford & Co. (2.65%), Norges Bank (2.05%), Viking Global Investors LP (1.56%) and Polen Capital Management LLC (1.43%). Insiders that own company stock include Aneel Bhusri, Barbara A Larson, Carl M Eschenbach, Christa Davies, David A Duffield, Douglas A Robinson, George J Still Jr, Gomez Luciano Fernandez, James Bozzini, Michael M Mcnamara, Richard Harry Sauer, Robynne Sisco, Sayan Chakraborty, Zane Rowe and Zane Rowe.
View institutional ownership trends
.

How do I buy shares of Workday?

Shares of WDAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Workday have any subsidiaries?
The following companies are subsidiares of Workday: Adaptive Insights Co. Ltd., Adaptive Insights LLC, Adaptive Insights Ltd., Adaptive Insights Pty Ltd, Canada Workday ULC, Capa Clear Software, GridCraft, Identified, MediaCore, Pattern Technologies, Peakon, Platfora, Platfora Inc., Rallyteam, Rallyteam Inc., Rallyteam Software Solutions Inc., Scout RFP, Skipflag Inc., Stories, Tri-Valley Resellers LLC, Trusted Key, Upshot, Vineyard Sound LLC, Workday (Beijing) Co. Ltd, Workday (Beijing) Co. Ltd., Workday (NZ) Unlimited, Workday (Thailand) Co. Ltd., Workday (UK) Limited, Workday Adaptive Planning, Workday Asia Pacific Limited, Workday Australia Pty Ltd, Workday Australia Pty. Ltd., Workday Austria GmbH, Workday B.V., Workday Belgium SPRL, Workday CZ s.r.o, Workday Denmark Aps, Workday España SL, Workday Finland Oy, Workday France, Workday Global Inc., Workday GmbH, Workday India Private Limited, Workday International Limited, Workday Italy S.r.l., Workday K.K., Workday Korea Limited, Workday Limited, Workday Malaysia Sdn. Bhd., Workday Norway AS, Workday Polska sp. z.o.o, Workday Singapore Pte. Ltd., Workday South Africa (Pty) Ltd, Workday Sweden Aktiebolag, Workday Switzerland GmbH, Zaption, and Zaption Inc..
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This page (NASDAQ:WDAY) was last updated on 3/28/2024 by MarketBeat.com Staff

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