Workday Inc (NASDAQ:WDAY) – Equities research analysts at Jefferies Financial Group issued their Q1 2022 EPS estimates for Workday in a research report issued on Wednesday, December 4th, according to Zacks Investment Research. Jefferies Financial Group analyst B. Thill expects that the software maker will post earnings per share of ($0.37) for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $188.00 price target on the stock. Jefferies Financial Group also issued estimates for Workday’s Q2 2022 earnings at ($0.37) EPS and Q3 2022 earnings at ($0.33) EPS.
A number of other analysts have also weighed in on the company. BMO Capital Markets lowered their target price on Workday from $225.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, December 4th. ValuEngine upgraded Workday from a “buy” rating to a “strong-buy” rating in a research report on Monday. Wedbush lowered their price objective on Workday from $195.00 to $190.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Stifel Nicolaus lowered their price objective on Workday from $210.00 to $180.00 in a research report on Wednesday, October 16th. Finally, Barclays set a $175.00 price objective on Workday and gave the stock a “hold” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $208.06.
Shares of NASDAQ WDAY traded up $0.61 during midday trading on Monday, reaching $164.45. 822,422 shares of the company traded hands, compared to its average volume of 2,203,166. The firm has a market cap of $37.82 billion, a PE ratio of -134.80 and a beta of 1.54. The stock’s 50-day simple moving average is $167.34 and its 200-day simple moving average is $182.52. Workday has a 12 month low of $151.06 and a 12 month high of $226.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.19 and a current ratio of 1.19.
Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Tuesday, December 3rd. The software maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.16. The business had revenue of $938.10 million for the quarter, compared to the consensus estimate of $920.65 million. Workday had a negative net margin of 13.29% and a negative return on equity of 11.63%. Workday’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share.
In other Workday news, Director David A. Duffield sold 271 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $184.71, for a total value of $50,056.41. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Aneel Bhusri sold 300,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $161.29, for a total value of $48,387,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 509,962 shares of company stock worth $82,699,506 over the last three months. 29.80% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of WDAY. Vanguard Group Inc. grew its holdings in Workday by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 9,609,541 shares of the software maker’s stock valued at $1,975,530,000 after buying an additional 683,181 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Workday by 19,929.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 547,999 shares of the software maker’s stock valued at $112,658,000 after acquiring an additional 545,263 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Workday by 55.1% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 889,005 shares of the software maker’s stock valued at $151,095,000 after acquiring an additional 315,764 shares during the period. Nikko Asset Management Americas Inc. bought a new stake in shares of Workday during the 3rd quarter valued at $44,215,000. Finally, Whale Rock Capital Management LLC lifted its position in shares of Workday by 52.6% during the 2nd quarter. Whale Rock Capital Management LLC now owns 572,963 shares of the software maker’s stock valued at $117,790,000 after acquiring an additional 197,394 shares during the period. 66.51% of the stock is currently owned by hedge funds and other institutional investors.
Workday, Inc provides enterprise cloud applications worldwide. Its applications help its customers to manage critical business functions and optimize their financial and human capital resources. The company offers Workday Financial Management application that provides functions of general ledger, accounting, accounts payable and receivable, cash and asset management, revenue management, and grants management, as well as project and resource management, time and expense tracking, project billing, revenue recognition, financial reporting, and analytics.