Equities research analysts predict that Workday, Inc. (NASDAQ:WDAY) will report sales of $1.11 billion for the current quarter, according to Zacks Investment Research. Thirty Two analysts have provided estimates for Workday’s earnings. The lowest sales estimate is $1.09 billion and the highest is $1.14 billion. Workday posted sales of $976.30 million during the same quarter last year, which suggests a positive year over year growth rate of 13.7%. The business is scheduled to announce its next earnings results after the market closes on Thursday, February 25th.
On average, analysts expect that Workday will report full-year sales of $4.29 billion for the current year, with estimates ranging from $4.26 billion to $4.33 billion. For the next year, analysts expect that the company will report sales of $4.99 billion, with estimates ranging from $4.09 billion to $5.34 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Workday.
Several research firms recently commented on WDAY. Barclays raised their target price on Workday from $255.00 to $278.00 and gave the stock an “equal weight” rating in a report on Friday. KeyCorp raised their target price on Workday from $251.00 to $262.00 and gave the stock an “overweight” rating in a report on Friday, January 15th. The Goldman Sachs Group began coverage on Workday in a report on Thursday, January 21st. They set a “buy” rating and a $300.00 target price on the stock. UBS Group raised their target price on Workday from $235.00 to $280.00 and gave the stock a “neutral” rating in a report on Tuesday, February 16th. Finally, OTR Global raised Workday to a “positive” rating in a report on Thursday, February 18th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Workday presently has an average rating of “Buy” and a consensus price target of $254.90.
In other Workday news, EVP Richard Harry Sauer sold 1,329 shares of the firm’s stock in a transaction on Wednesday, November 25th. The stock was sold at an average price of $215.00, for a total transaction of $285,735.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James Bozzini sold 4,498 shares of the firm’s stock in a transaction on Friday, January 15th. The stock was sold at an average price of $225.53, for a total value of $1,014,433.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 549,873 shares of company stock valued at $124,480,122. 26.51% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cypress Asset Management Inc. TX grew its stake in shares of Workday by 0.4% in the fourth quarter. Cypress Asset Management Inc. TX now owns 10,483 shares of the software maker’s stock valued at $2,512,000 after buying an additional 40 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of Workday by 3.5% in the third quarter. Vestmark Advisory Solutions Inc. now owns 1,369 shares of the software maker’s stock valued at $295,000 after buying an additional 46 shares in the last quarter. Summit X LLC acquired a new position in Workday during the 3rd quarter worth $86,000. Kestra Advisory Services LLC acquired a new position in Workday during the 3rd quarter worth $681,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Workday by 0.5% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 10,002 shares of the software maker’s stock worth $2,151,000 after purchasing an additional 53 shares in the last quarter. 67.98% of the stock is owned by institutional investors and hedge funds.
Workday stock traded down $8.50 during midday trading on Thursday, hitting $261.45. 157,286 shares of the company were exchanged, compared to its average volume of 2,151,949. The firm has a market capitalization of $62.75 billion, a PE ratio of -139.04 and a beta of 1.59. Workday has a fifty-two week low of $107.75 and a fifty-two week high of $282.77. The business has a fifty day simple moving average of $245.64 and a two-hundred day simple moving average of $224.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.45 and a current ratio of 1.45.
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.
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