Free Trial
NASDAQ:WDAY

Workday (WDAY) Stock Price, News & Analysis

$254.60
-1.19 (-0.47%)
(As of 09/6/2024 ET)
Today's Range
$251.25
$259.62
50-Day Range
$207.75
$264.68
52-Week Range
$199.81
$311.28
Volume
2.25 million shs
Average Volume
2.21 million shs
Market Capitalization
$67.47 billion
P/E Ratio
45.87
Dividend Yield
N/A
Price Target
$288.15

Workday MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
13.2% Upside
$288.15 Price Target
Short Interest
Healthy
1.95% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.20
Upright™ Environmental Score
News Sentiment
0.99mentions of Workday in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$118 M Sold Last Quarter
Proj. Earnings Growth
38.77%
From $2.27 to $3.15 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.

4.87 out of 5 stars

Computer And Technology Sector

33rd out of 594 stocks

Data Processing & Preparation Industry

3rd out of 56 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

War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
Workday website homepage. Workday logo visible on the phone screen
Workday Stock Perks Up on Results; New Highs Possible This Year
Workday had a strong quarter in Q2 and is guiding for strength in the back half, leading analysts to raise their targets and forecast a new all-time high.
Parnassus Core Equity Fund Added Workday (WDAY) on Dip
Parnassus Mid Cap Fund Added Workday (WDAY) on Dip
War on Elon Escalates…
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
WDAY Sep 2024 272.500 call
DA Davidson Boosts Workday (NASDAQ:WDAY) Price Target to $270.00
See More Headlines
Receive WDAY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Workday and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
8/22/2024
Today
9/07/2024
Next Earnings (Estimated)
11/26/2024
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
$288.15
High Stock Price Target
$350.00
Low Stock Price Target
$190.00
Potential Upside/Downside
+13.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
27 Analysts

Profitability

Net Income
$1.38 billion
Pretax Margin
7.10%

Debt

Sales & Book Value

Annual Sales
$7.26 billion
Cash Flow
$1.54 per share
Book Value
$31.49 per share

Miscellaneous

Free Float
212,000,000
Market Cap
$67.47 billion
Optionable
Optionable
Beta
1.35

Social Links

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Cover

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report

Should I Buy Workday Stock? WDAY Pros and Cons Explained

Pros

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

  • Workday's recent quarterly earnings report exceeded analyst expectations, indicating strong financial performance.
  • The company has shown consistent revenue growth, with a 16.5% increase in revenue compared to the same quarter last year.
  • Workday's stock price has shown a positive trend, currently trading at $259.95, up 12.5%.
  • Positive analyst ratings and price targets from various brokerages, with an average rating of "Moderate Buy" and a target price of $288.15.
  • Workday's enterprise cloud applications cater to a growing market demand for efficient business management solutions.

Cons

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

  • Insiders have been selling significant amounts of company stock, raising concerns about insider sentiment.
  • Some analysts have issued downgrades and lower price targets for Workday, indicating potential risks in the company's future performance.
  • The stock's price-to-earnings ratio of 46.84 and a PEG ratio of 5.82 may suggest the stock is currently overvalued.
  • Workday's 1-year high of $311.28 may indicate potential resistance levels for the stock's price movement.
  • The company's debt-to-equity ratio of 0.37 may raise concerns about its financial leverage and stability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, August 26, 2024. Please send any questions or comments about these Workday pros and cons to contact@marketbeat.com.

WDAY Stock Analysis - Frequently Asked Questions

How have WDAY shares performed this year?

Workday's stock was trading at $276.06 at the start of the year. Since then, WDAY stock has decreased by 7.8% and is now trading at $254.60.
View the best growth stocks for 2024 here
.

How were Workday's earnings last quarter?

Workday, Inc. (NASDAQ:WDAY) posted its quarterly earnings results on Thursday, August, 22nd. The software maker reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.10. The firm's quarterly revenue was up 16.5% compared to the same quarter last year.

How will Workday's stock buyback program work?

Workday's Board of Directors initiated a share repurchase program on Tuesday, November 29th 2022, which authorizes the company to buy back $500,000,000 in shares, according to EventVestor. This means that the company could buy up to 1.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.

Does Workday have any subsidiaries?

The following companies are subsidiaries of Workday: Peakon, Scout RFP, Trusted Key, Stories, Workday Adaptive Planning, Rallyteam, Tri-Valley Resellers LLC, and others.

Who are Workday's major shareholders?

Workday's top institutional investors include Baillie Gifford & Co. (2.48%), Clearbridge Investments LLC (0.92%), The Manufacturers Life Insurance Company (0.87%) and Legal & General Group Plc (0.65%). Insiders that own company stock include Aneel Bhusri, Gomez Luciano Fernandez, Douglas A Robinson, Zane Rowe, Zane Rowe, Christa Davies, James Bozzini, Sayan Chakraborty, David A Duffield, George J Still Jr, Robynne Sisco, Richard Harry Sauer, Barbara A Larson, Carl M Eschenbach and Michael M Mcnamara.
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.

What other stocks do shareholders of Workday own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Workday investors own include Xtrackers California Municipal Bond ETF (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), Athabasca Oil (ATH) and NVIDIA (NVDA).

This page (NASDAQ:WDAY) was last updated on 9/7/2024 by MarketBeat.com Staff

From Our Partners