FY2027 EPS Estimates for Workday Lowered by Zacks Research

Workday, Inc. (NASDAQ:WDAY) – Equities research analysts at Zacks Research lowered their FY2027 earnings per share (EPS) estimates for shares of Workday in a research note issued to investors on Tuesday, May 20th. Zacks Research analyst R. Department now anticipates that the software maker will post earnings of $4.60 per share for the year, down from their previous forecast of $4.61. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

A number of other equities research analysts have also issued reports on WDAY. BMO Capital Markets boosted their price target on shares of Workday from $300.00 to $314.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Canaccord Genuity Group increased their price target on shares of Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. KeyCorp raised their target price on shares of Workday from $305.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. Daiwa America raised Workday to a “strong-buy” rating in a report on Tuesday, March 4th. Finally, Citigroup lowered shares of Workday from a “neutral” rating to a “mixed” rating in a research report on Friday, May 16th. Nine analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $293.62.

Workday Stock Up 1.3%

NASDAQ WDAY opened at $272.07 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The company’s 50 day simple moving average is $242.85 and its 200 day simple moving average is $254.22. Workday has a 12 month low of $199.81 and a 12 month high of $294.00. The company has a market capitalization of $72.37 billion, a P/E ratio of 45.12, a PEG ratio of 3.55 and a beta of 1.30.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.22. Workday had a net margin of 19.86% and a return on equity of 6.13%. During the same quarter in the prior year, the business posted $1.74 EPS. Workday’s revenue was up 12.6% compared to the same quarter last year.

Insider Transactions at Workday

In other Workday news, insider Sayan Chakraborty sold 6,056 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now owns 111,324 shares of the company’s stock, valued at approximately $29,556,522. This represents a 5.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 81,275 shares of the stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the transaction, the insider now directly owns 102,997 shares in the company, valued at $22,111,395.96. The trade was a 44.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 321,724 shares of company stock worth $77,976,126. Corporate insiders own 19.31% of the company’s stock.

Institutional Investors Weigh In On Workday

Several hedge funds have recently bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in shares of Workday during the fourth quarter worth $25,000. Crews Bank & Trust acquired a new position in shares of Workday during the 4th quarter worth approximately $26,000. Avion Wealth increased its stake in shares of 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 during the last quarter. Cornerstone Planning Group LLC increased its holdings in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after acquiring an additional 54 shares during the last quarter. Finally, Dagco Inc. acquired a new position in shares of Workday during the 1st quarter worth approximately $31,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

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.