Workday, Inc. (NASDAQ:WDAY) – Investment analysts at Jefferies Financial Group lowered their Q2 2023 earnings estimates for Workday in a research note issued on Tuesday, September 21st. Jefferies Financial Group analyst B. Thill now forecasts that the software maker will post earnings per share of ($0.03) for the quarter, down from their prior estimate of ($0.02). Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Workday’s Q3 2023 earnings at ($0.20) EPS, Q4 2023 earnings at ($0.38) EPS, FY2023 earnings at ($0.64) EPS and FY2024 earnings at ($0.14) EPS.
WDAY has been the topic of a number of other reports. Monness Crespi & Hardt started coverage on shares of Workday in a report on Wednesday. They issued a “buy” rating and a $300.00 price objective on the stock. Wolfe Research lifted their price objective on shares of Workday from $270.00 to $300.00 and gave the stock an “outperform” rating in a research report on Monday, August 30th. Daiwa Capital Markets assumed coverage on shares of Workday in a research report on Friday. They issued a “buy” rating and a $320.00 target price for the company. Loop Capital boosted their target price on Workday from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Monday, August 30th. Finally, Piper Sandler upped their price objective on Workday from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Friday, August 27th. Four investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $303.70.
Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Wednesday, August 25th. The software maker reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.45. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Workday had a negative net margin of 0.79% and a positive return on equity of 3.49%. The company’s revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS.
In other Workday news, insider Richard Harry Sauer sold 2,469 shares of the stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $228.37, for a total transaction of $563,845.53. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Robynne Sisco sold 5,961 shares of the firm’s stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $228.37, for a total value of $1,361,313.57. The disclosure for this sale can be found here. Insiders have sold a total of 299,105 shares of company stock worth $80,910,048 over the last 90 days. 24.06% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDAY. Vanguard Group Inc. boosted its holdings in Workday by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 11,592,653 shares of the software maker’s stock worth $2,767,630,000 after buying an additional 267,666 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Workday by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,576,619 shares of the software maker’s stock worth $2,130,690,000 after purchasing an additional 207,483 shares during the last quarter. Lone Pine Capital LLC lifted its holdings in Workday by 59.2% in the second quarter. Lone Pine Capital LLC now owns 3,427,366 shares of the software maker’s stock valued at $818,249,000 after acquiring an additional 1,273,903 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Workday by 52.2% in the first quarter. Janus Henderson Group PLC now owns 3,314,094 shares of the software maker’s stock valued at $823,319,000 after acquiring an additional 1,136,922 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Workday by 7.7% in the second quarter. Clearbridge Investments LLC now owns 2,649,083 shares of the software maker’s stock valued at $632,442,000 after purchasing an additional 188,937 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.
Workday Company Profile
Workday, Inc engages in the development of enterprise cloud applications for finance and human resources. It delivers financial management, human capital management and analytics applications designed for companies, educational institutions and government agencies. The company was founded by David A.
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