Zacks Research Analysts Raise Earnings Estimates for Workday

Workday, Inc. (NASDAQ:WDAY) – Zacks Research increased their Q3 2027 earnings per share estimates for Workday in a research note issued to investors on Tuesday, March 18th. Zacks Research analyst R. Department now anticipates that the software maker will post earnings per share of $1.30 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.

A number of other equities research analysts also recently weighed in on the company. Oppenheimer raised their price objective on Workday from $300.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group raised their price target on Workday from $300.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Loop Capital raised their price target on Workday from $242.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday, February 19th. Morgan Stanley downgraded Workday from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $330.00 to $275.00 in a report on Wednesday, February 19th. Finally, Piper Sandler raised their price target on Workday from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Ten 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’s stock. Based on data from MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $300.36.

Workday Price Performance

Shares of WDAY stock opened at $252.50 on Thursday. Workday has a 1-year low of $199.81 and a 1-year high of $294.00. The stock’s 50-day moving average is $256.84 and its 200 day moving average is $255.28. The company has a market cap of $67.17 billion, a P/E ratio of 41.87, a PEG ratio of 3.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Tuesday, February 25th. The software maker reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($1.27). Workday had a net margin of 19.86% and a return on equity of 6.13%. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.18 billion.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $248.24, for a total value of $117,169.28. Following the sale, the chief accounting officer now directly owns 35,408 shares of the company’s stock, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 56,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $265.70, for a total value of $14,879,200.00. Following the completion of the sale, the insider now directly owns 228,000 shares in the company, valued at approximately $60,579,600. The trade was a 19.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 473,001 shares of company stock worth $120,614,400. 20.00% of the stock is owned by corporate insiders.

Institutional Trading of Workday

Institutional investors have recently bought and sold shares of the business. Bristlecone Advisors LLC boosted its stake in shares of Workday by 49.6% in the fourth quarter. Bristlecone Advisors LLC now owns 2,921 shares of the software maker’s stock worth $754,000 after acquiring an additional 968 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Workday by 7.2% in the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock worth $7,934,000 after acquiring an additional 1,978 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Workday by 20.5% in the fourth quarter. Nordea Investment Management AB now owns 702,990 shares of the software maker’s stock worth $182,753,000 after acquiring an additional 119,769 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of Workday in the fourth quarter worth approximately $369,000. Finally, Worldquant Millennium Advisors LLC boosted its stake in shares of Workday by 387.0% in the third quarter. Worldquant Millennium Advisors LLC now owns 355,655 shares of the software maker’s stock worth $86,926,000 after acquiring an additional 282,632 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Company Profile

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.