Workday Inc. (WDAY) Review – Making Smarter Decisions

Workday Inc. (NASDAQ: WDAY) is 48.30% higher on its value in year-to-date trading and has touched a low of $107.75 and a high of $219.29 in the current 52-week trading range. The WDAY stock was last observed hovering at around $216.63 in the last trading session, with the day’s gains setting it 27.25% off its average median price target of $249.00 for the next 12 months. It is also 17.61% off the consensus price target high of $296.00 offered by 33 analysts, but current levels are -47.81% lower than the price target low of $165.00 for the same period.

Currently trading at $243.88, the stock is 29.65% and 30.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.24 million and changing 12.58% at the moment leaves the stock 43.44% off its SMA200. WDAY registered 29.97% gain for a year compared to 6-month gain of 41.06%. The firm has a 50-day simple moving average (SMA 50) of $188.35 and a 200-day simple moving average (SMA200) of $168.73.

The stock witnessed a 35.05% loss in the last 1 month and extending the period to 3 months gives it a 37.04%, and is 26.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.38% over the week and 3.12% over the month.

Workday Inc. (WDAY) has around 12400 employees, a market worth around $50.91B and $3.82B in sales. Fwd P/E is 84.77. Profit margin for the company is -12.60%. Distance from 52-week low is 126.34% and 11.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.30%).

Workday Inc. (WDAY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Workday Inc. (WDAY) is a “Overweight”. 33 analysts offering their recommendations for the stock have an average rating of 2.40, where 12 rate it as a Hold and 3 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.

Workday Inc. is expected to release its quarterly report on 11/26/2020 and quarterly earnings per share for the current quarter are estimated at $0.66 with sales reaching $1.08B over the same period.The EPS is expected to shrink by -9.70% this year, but quarterly earnings will post 17.10% year-over-year. Quarterly sales are estimated to grow 15.00% in year-over-year returns.

Workday Inc. (WDAY) Top Institutional Holders

847 institutions hold shares in Workday Inc. (WDAY), with 2.44M shares held by insiders accounting for 1.03% while institutional investors hold 93.06% of the company’s shares. The shares outstanding are 232.94M, and float is at 172.25M with Short Float at 4.44%. Institutions hold 92.10% of the Float.

The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 16.11 million shares valued at $3.02 billion. The investor’s holdings represent 10.26% of the WDAY Shares outstanding. As of Jun 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 10.7 million shares valued at $2.0 billion to account for 6.82% of the shares outstanding. The other top investors are Blackrock Inc. which holds 8.77 million shares representing 5.58% and valued at over $1.64 billion, while Baillie Gifford and Company holds 5.49% of the shares totaling 8.61 million with a market value of $1.61 billion.

Workday Inc. (WDAY) Insider Activity

A total of 130 insider transactions have happened at Workday Inc. (WDAY) in the last six months, with sales accounting for 108 and purchases happening 22 times. The most recent transaction is an insider sale by BHUSRI ANEEL, the company’s Chief Executive Officer. SEC filings show that BHUSRI ANEEL sold 7,584 shares of the company’s common stock on Jul 15 at a price of $181.36 per share for a total of $1.38 million. Following the sale, the insider now owns 0.35 million shares.

Workday Inc. disclosed in a document filed with the SEC on Jul 15 that Fernandez Gomez Luciano (Co-President) sold a total of 7,909 shares of the company’s common stock. The trade occurred on Jul 15 and was made at $182.14 per share for $1.44 million. Following the transaction, the insider now directly holds 0.18 million shares of the WDAY stock.

Still, SEC filings show that on Jul 15, Bozzini James (COO & Executive Vice President) disposed off 5,208 shares at an average price of $181.44 for $0.94 million. The insider now directly holds 162,953 shares of Workday Inc. (WDAY).

Workday Inc. (WDAY): Who are the competitors?

The company’s main competitors (and peers) include salesforce.com inc. (CRM) that is trading 73.86% up over the past 12 months. Paylocity Holding Corporation (PCTY) is 31.99% up on the 1-year trading charts. Short interest in the company’s stock has risen 6.8% from the last report on Jul 14, 2020 to stand at a total of 7.13 million short shares sold with a short interest ratio of 6.19.