Zacks Research Brokers Lift Earnings Estimates for Workday

Workday, Inc. (NASDAQ:WDAY - Free Report) - Research analysts at Zacks Research boosted their Q3 2027 EPS estimates for Workday in a report released on Tuesday, March 18th. Zacks Research analyst R. Department now expects that the software maker will earn $1.30 per share for the quarter, up from their prior forecast of $1.18. The consensus estimate for Workday's current full-year earnings is $2.63 per share. Zacks Research also issued estimates for Workday's Q4 2027 earnings at $1.32 EPS.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Tuesday, February 25th. The software maker reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($1.27). The business had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Workday had a net margin of 19.86% and a return on equity of 6.13%.

Other analysts have also issued research reports about the company. Redburn Atlantic initiated coverage on Workday in a report on Wednesday, February 19th. They set a "neutral" rating on the stock. Loop Capital increased their target price on shares of Workday from $242.00 to $260.00 and gave the company a "hold" rating in a research note on Wednesday, February 19th. Morgan Stanley lowered shares of Workday from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $330.00 to $275.00 in a report on Wednesday, February 19th. UBS Group upped their price target on shares of Workday from $255.00 to $285.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, KeyCorp raised their price objective on shares of Workday from $305.00 to $335.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $300.36.

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Workday Trading Up 0.2 %

WDAY stock traded up $0.42 during midday trading on Thursday, reaching $249.91. 2,022,118 shares of the company traded hands, compared to its average volume of 2,427,576. The firm has a market capitalization of $66.48 billion, a price-to-earnings ratio of 41.44, a P/E/G ratio of 3.55 and a beta of 1.38. Workday has a 52-week low of $199.81 and a 52-week high of $294.00. The business has a 50 day moving average of $256.83 and a 200-day moving average of $255.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.05 and a current ratio of 2.05.

Hedge Funds Weigh In On Workday

Several hedge funds have recently modified their holdings of the stock. Lansforsakringar Fondforvaltning AB publ purchased a new stake in Workday during the 4th quarter worth approximately $18,401,000. Castle Rock Wealth Management LLC acquired a new stake in shares of Workday during the fourth quarter worth $1,089,000. Park Square Financial Group LLC purchased a new stake in shares of Workday during the fourth quarter valued at $117,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Workday in the 4th quarter valued at $117,259,000. Finally, Azzad Asset Management Inc. ADV raised its stake in Workday by 0.8% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 9,187 shares of the software maker's stock worth $2,371,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 56,000 shares of the business's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $261.75, for a total transaction of $14,658,000.00. Following the transaction, the insider now directly owns 172,000 shares in the company, valued at $45,021,000. The trade was a 24.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Wayne A.I. Frederick sold 1,829 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total value of $462,901.61. Following the completion of the sale, the director now owns 6,845 shares of the company's stock, valued at approximately $1,732,401.05. This trade represents a 21.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 417,001 shares of company stock valued at $105,735,200. 20.00% of the stock is currently owned by insiders.

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.