Workday, Inc. to Post FY2027 Earnings of $2.68 Per Share, Zacks Research Forecasts (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – Research analysts at Zacks Research cut their FY2027 earnings per share estimates for Workday in a research report issued to clients and investors on Tuesday, April 30th. Zacks Research analyst R. Department now anticipates that the software maker will post earnings per share of $2.68 for the year, down from their previous forecast of $2.79. The consensus estimate for Workday’s current full-year earnings is $1.76 per share.

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

Several other brokerages also recently issued reports on WDAY. JPMorgan Chase & Co. lifted their target price on Workday from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group raised their price target on Workday from $270.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. UBS Group cut their price target on Workday from $315.00 to $300.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. KeyCorp raised their price target on Workday from $310.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Barclays cut their price target on Workday from $326.00 to $316.00 and set an “overweight” rating for the company in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $293.61.

Workday Stock Up 2.0 %

Shares of WDAY opened at $255.78 on Friday. The business’s 50 day moving average is $269.08 and its 200 day moving average is $264.57. The company has a market capitalization of $67.53 billion, a PE ratio of 49.67, a price-to-earnings-growth ratio of 6.12 and a beta of 1.33. Workday has a 12-month low of $174.25 and a 12-month high of $311.28. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WDAY. Vanguard Group Inc. grew its stake in Workday by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 14,448,125 shares of the software maker’s stock valued at $3,988,549,000 after purchasing an additional 437,215 shares during the last quarter. Norges Bank purchased a new stake in Workday during the 4th quarter valued at about $1,491,149,000. Wellington Management Group LLP grew its stake in Workday by 37.4% during the 3rd quarter. Wellington Management Group LLP now owns 5,163,362 shares of the software maker’s stock valued at $1,109,348,000 after purchasing an additional 1,406,153 shares during the last quarter. Polen Capital Management LLC grew its stake in Workday by 2.0% during the 3rd quarter. Polen Capital Management LLC now owns 3,950,320 shares of the software maker’s stock valued at $848,726,000 after purchasing an additional 78,352 shares during the last quarter. Finally, Morgan Stanley grew its stake in Workday by 47.0% during the 3rd quarter. Morgan Stanley now owns 2,727,580 shares of the software maker’s stock valued at $586,021,000 after purchasing an additional 872,288 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the transaction, the insider now directly owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder David A. Duffield sold 56,000 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $264.89, for a total value of $14,833,840.00. Following the completion of the transaction, the insider now directly owns 843,000 shares of the company’s stock, valued at approximately $223,302,270. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Douglas A. Robinson sold 3,121 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $293.79, for a total value of $916,918.59. Following the transaction, the insider now owns 165,932 shares in the company, valued at $48,749,162.28. The disclosure for this sale can be found here. In the last three months, insiders sold 435,691 shares of company stock valued at $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.