Workday Inc. [WDAY] Revenue clocked in at $5.95 billion, up 10.84% YTD: What’s Next?

Workday Inc. [NASDAQ: WDAY] price surged by 0.29 percent to reach at $0.54. The company report on February 28, 2023 that HackerRank Completes Workday Certified Integration.

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Workday Recruiting, paired with HackerRank’s deep expertise in developer skills, helps to accelerate innovation at companies across the globe.

HackerRank, the developer skills company and a Workday (NASDAQ: WDAY) Access software partner, today announced that it has achieved Workday Certified Integration status. HackerRank provides customers with a seamless integration that connects Workday Recruiting with HackerRank’s technical skill assessments.

A sum of 4878127 shares traded at recent session while its average daily volume was at 2.15M shares. Workday Inc. shares reached a high of $188.77 and dropped to a low of $181.70 until finishing in the latest session at $185.47.

The one-year WDAY stock forecast points to a potential upside of 8.94. The average equity rating for WDAY stock is currently 2.10, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Workday Inc. [WDAY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WDAY shares is $203.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WDAY stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Workday Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 28, 2023. While these analysts kept the previous recommendation, Stifel raised their target price from $185 to $210. The new note on the price target was released on February 28, 2023, representing the official price target for Workday Inc. stock. Previously, the target price had yet another drop from $223 to $220, while Robert W. Baird kept a Outperform rating on WDAY stock. On February 28, 2023, analysts increased their price target for WDAY shares from 184 to 215.

The Average True Range (ATR) for Workday Inc. is set at 5.53, with the Price to Sales ratio for WDAY stock in the period of the last 12 months amounting to 8.20. The Price to Book ratio for the last quarter was 8.77, with the Price to Cash per share for the same quarter was set at 20.90. Price to Free Cash Flow for WDAY in the course of the last twelve months was 30.89 with Quick ratio for the last quarter at 1.90.

WDAY Stock Performance Analysis:

Workday Inc. [WDAY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.95. With this latest performance, WDAY shares gained by 4.40% in over the last four-week period, additionally plugging by 11.42% over the last 6 months – not to mention a drop of -17.65% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WDAY stock in for the last two-week period is set at 54.16, with the RSI for the last a single of trading hit 51.84, and the three-weeks RSI is set at 55.31 for Workday Inc. [WDAY]. The present Moving Average for the last 50 days of trading for this stock 175.93, while it was recorded at 185.02 for the last single week of trading, and 160.36 for the last 200 days.

Insight into Workday Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Workday Inc. [WDAY] shares currently have an operating margin of -2.09 and a Gross Margin at +72.26. Workday Inc.’s Net Margin is presently recorded at +0.57.

Return on Equity for this stock inclined to 0.75, with Return on Assets sitting at 0.31.

Workday Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WDAY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Workday Inc. go to 13.22%.

Workday Inc. [WDAY] Insider Position Details

There are presently around $33,252 million, or 89.00% of WDAY stock, in the hands of institutional investors. The top three institutional holders of WDAY stocks are: VANGUARD GROUP INC with ownership of 13,181,709, which is approximately 2.877% of the company’s market cap and around 0.90% of the total institutional ownership; BLACKROCK INC., holding 12,119,824 shares of the stock with an approximate value of $2.25 billion in WDAY stocks shares; and JANUS HENDERSON GROUP PLC, currently with $1.69 billion in WDAY stock with ownership of nearly -7.407% of the company’s market capitalization.

Positions in Workday Inc. stocks held by institutional investors increased at the end of Monday and at the time of the Monday reporting period, where 389 institutional holders increased their position in Workday Inc. [NASDAQ:WDAY] by around 20,080,255 shares. Additionally, 414 investors decreased positions by around 16,506,141 shares, while 105 investors held positions by with 142,696,708 shares. The mentioned changes placed institutional holdings at 179,283,104 shares, according to the latest SEC report filing. WDAY stock had 124 new institutional investments in for a total of 4,123,442 shares, while 99 institutional investors sold positions of 3,308,369 shares during the same period.


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