During the recent session, Workday Inc. (NASDAQ:WDAY)’s traded shares were 0.86 million, with the beta value of the company hitting 1.26. At the last check today, the stock’s price was $195.09, reflecting an intraday loss of -0.56% or -$1.1. The 52-week high for the WDAY share is $206.68, that puts it down -5.94 from that peak though still a striking 34.02% gain since the share price plummeted to a 52-week low of $128.72. The company’s market capitalization is $51.10B, and the average intraday trading volume over the past 10 days was 1.8 million shares, and the average trade volume was 1.92 million shares over the past three months.
Workday Inc. (WDAY) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. WDAY has a Sell rating from 1 analyst(s) out of 40 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 7 suggest Overweight, and 22 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.12.
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Workday Inc. (NASDAQ:WDAY) trade information
Workday Inc. (WDAY) registered a -0.56% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.56% in intraday trading to $195.09 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -0.34%, and it has moved by 4.24% in 30 days. Based on these gigs, the overall price performance for the year is 22.88%. The short interest in Workday Inc. (NASDAQ:WDAY) is 5.15 million shares and it means that shorts have 2.9 day(s) to cover.
The consensus price target of analysts on Wall Street is $215.65, which implies an increase of 9.53% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $142.00 and $250.00 respectively. As a result, WDAY is trading at a discount of -28.15% off the target high and 27.21% off the low.
Workday Inc. (WDAY) estimates and forecasts
Statistics show that Workday Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Workday Inc. (WDAY) shares have gone up 33.36% during the last six months, with a year-to-date growth rate more than the industry average at 37.91% against 15.50. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 34.90% this quarter and then jump 42.20% in the quarter after that. In the rating firms’ projections, revenue will increase 15.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.67 billion as predicted by 29 analyst(s). Meanwhile, a consensus of 29 analyst(s) estimates revenue growth to $1.77 billion by the end of Jul 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.43 billion and $1.54 billion respectively. In this case, analysts expect current quarter sales to grow by 16.20% and then jump by 15.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 2.00%. While earnings are projected to return 44.20% in 2023, the next five years will return 24.82% per annum.
Workday Inc. is due to release its next quarterly earnings on May 25. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Workday Inc. (NASDAQ:WDAY)’s Major holders
Workday Inc. insiders own 1.30% of total outstanding shares while institutional holders control 90.99%, with the float percentage being 92.19%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1,161 institutions own stock in it. As of Mar 30, 2023, the company held over 13.44 million shares (or 8.56% of all shares), a total value of $2.64 billion in shares.
The next largest institutional holding, with 12.38 million shares, is of Blackrock Inc.’s that is approximately 7.89% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $2.43 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Workday Inc. (WDAY) shares are Vanguard Total Stock Market Index Fund and Janus Henderson Forty Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 6.11 million shares. This amounts to just over 3.89 percent of the company’s overall shares, with a $1.2 billion market value. The same data shows that the other fund manager holds slightly less at 3.86 million, or about 2.46% of the stock, which is worth about $758.39 million.