Workday Inc (NASDAQ:WDAY) is expected to release quarterly earnings data after the market closes on Monday, February 28. Analysts expect the company to report earnings of ($0.19) per share for the quarter. Parties wishing to listen to the company’s conference call may do so using this link.
Workday Inc (NASDAQ:WDAY) last released quarterly earnings data on Thursday, November 18. The software maker reported earnings per share of $1.10 for the quarter, beating the Zacks consensus estimate of $0.86 by $0.24. The company posted revenue of $1.33 billion for the quarter, versus a consensus estimate of $1.32 billion. Workday achieved a net margin of 0.63% and a return on equity of 3.26%. The company’s revenue for the quarter increased 20.0% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $0.86. On average, analysts expect Workday to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Workday opened at $214.47 on Monday. The company has a market capitalization of $53.62 billion, a price-to-earnings ratio of 2,383.26, a growth price-to-earnings ratio of 24.29 and a beta of 1.35. The company’s 50-day moving average is $252.71 and its 200-day moving average is $262.75. Workday has a 12-month low of $212.23 and a 12-month high of $307.81. The company has a quick ratio of 1.10, a current ratio of 1.10 and a leverage ratio of 0.15.
WDAY has been the subject of a number of research analyst reports. Barclays lowered its price target on Workday shares from $345.00 to $318.00 in a Wednesday, January 12 research report. Monness Crespi & Hardt raised its price target on Workday shares from $300.00 to $320.00 and gave the company a “buy” rating in a Friday, November 19 research report. Jefferies Financial Group raised its price target on Workday shares from $320.00 to $350.00 and gave the stock a “buy” rating in a Tuesday, November 16 research report. Robert W. Baird reiterated a “buy” rating and issued a $275.00 price target on Workday shares in a Wednesday, November 24 research report. Finally, Cowen upgraded Workday shares from a “market performer” rating to an “outperformer” rating and raised his price target for the stock from $280.00 to $350.00 in a research report of Wednesday, November 17. One analyst gave the stock a hold rating and twenty-eight gave the stock a buy rating. According to data from MarketBeat.com, Workday has an average rating of “Buy” and an average target price of $329.39.
In other Workday news, CEO Gomez Luciano Fernandez sold 1,606 Workday shares in a trade on Wednesday, Dec. 1. The shares were sold at an average price of $271.31, for a total value of $435,723.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Additionally, director David A. Duffield sold 108,900 Workday shares in a trade on Wednesday, December 15. The stock was sold at an average price of $274.11, for a total transaction of $29,850,579.00. The disclosure of this sale can be found here. Insiders sold 714,062 shares of the company valued at $185,842,680 in the past ninety days. 24.06% of the shares are currently held by company insiders.
Major investors have recently changed their stakes in the company. Carroll Investors Inc bought a new position in Workday stock in Q4 worth $45,000. Chicago Partners Investment Group LLC increased its holding in Workday shares by 13.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,049 shares of the software maker worth $244,000 after acquiring 128 additional shares in the last quarter. Horizon Investments LLC increased its holding in Workday shares by 21.9% in the 4th quarter. Horizon Investments LLC now owns 1,392 shares of the software maker worth $380,000 after acquiring 250 additional shares in the last quarter. NewEdge Advisors LLC increased its Workday equity stake by 60.9% in Q4. NewEdge Advisors LLC now owns 1,527 shares of the software maker worth $417,000 after acquiring 578 additional shares in the last quarter. Finally, Belpointe Asset Management LLC increased its stake in Workday shares by 2.8% in the 4th quarter. Belpointe Asset Management LLC now owns 1,925 shares of the software maker worth $526,000 after acquiring 53 additional shares in the last quarter. 68.74% of the shares are held by institutional investors and hedge funds.
Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It provides financial management, human capital management, and analytics applications designed for businesses, educational institutions, and government agencies. The company was founded by David A.
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