Workday Stock Today

WDAY Stock  USD 257.93  1.36  0.53%   

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Odds Of Distress

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Workday is trading at 257.93 as of the 18th of May 2024; that is 0.53 percent up since the beginning of the trading day. The stock's open price was 256.57. Workday has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Note, on May 15, 2024, Representative Josh Gottheimer of US Congress acquired under $15k worth of Workday's common stock.
Business Domain
Software & Services
IPO Date
12th of October 2012
Category
Technology
Classification
Information Technology
Workday, Inc. provides enterprise cloud applications in the United States and internationally. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California. Workday operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. The company has 212.39 M outstanding shares of which 5.05 M shares are at this time shorted by private and institutional investors with about 3.31 trading days to cover. More on Workday

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Workday Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Workday's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Workday or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Workday's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Workday's managers, analysts, and investors.
Environmental
Governance
Social
CEOAneel Bhusri
Thematic Ideas
(View all Themes)
Business ConcentrationApplication Software, Software - Application, Information Technology, Nasdaq CTA Artificial, NASDAQ 100 Technology, Nasdaq 100, NASDAQ Composite, ISE Cloud Computing, NASDAQ 100 Pre, SRI Sustainable Growth, Disruptive Technologies, Artificial Intelligence, Information Technology, Software, Software—Application, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Workday report their recommendations after researching Workday's financial statements, talking to executives and customers, or listening in on Workday's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Workday. The Workday consensus assessment is calculated by taking the average forecast from all of the analysts covering Workday.
Financial Strength
Based on the key measurements obtained from Workday's financial statements, Workday may be sliding down financialy. It has an above-average chance of going through some form of financial crunch next quarter. Financial strength of Workday is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.680.4375
Way Up
Slightly volatile
Gross Profit Margin0.410.7539
Way Down
Slightly volatile
Total Current Liabilities5.3 B5.1 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total3.5 B3.3 B
Sufficiently Up
Slightly volatile
Total Assets17.3 B16.5 B
Sufficiently Up
Slightly volatile
Total Current Assets10.2 B9.7 B
Sufficiently Up
Slightly volatile
Workday's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Workday's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Workday's financial leverage. It provides some insight into what part of Workday's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Workday's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Workday deploys its capital and how much of that capital is borrowed.
Liquidity
Workday cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 3.3 B in liabilities with Debt to Equity (D/E) ratio of 0.86, which is about average as compared to similar companies. Workday has a current ratio of 1.58, which is within standard range for the sector. Debt can assist Workday until it has trouble settling it off, either with new capital or with free cash flow. So, Workday's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Workday sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Workday to invest in growth at high rates of return. When we think about Workday's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

2.26 Billion
Workday (WDAY) is traded on NASDAQ Exchange in USA. It is located in 6110 Stoneridge Mall Road, Pleasanton, CA, United States, 94588 and employs 18,800 people. Workday is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 68.43 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Workday's market, we take the total number of its shares issued and multiply it by Workday's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Workday conducts business under Software sector and is part of Information Technology industry. The entity has 212.39 M outstanding shares of which 5.05 M shares are at this time shorted by private and institutional investors with about 3.31 trading days to cover. Workday currently holds about 6.29 B in cash with 2.15 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 24.58.
Check Workday Probability Of Bankruptcy
Ownership Allocation
Workday retains a total of 212.39 Million outstanding shares. The majority of Workday outstanding shares are owned by institutional investors. These institutions are usually referred to as non-private investors looking to purchase positions in Workday to benefit from reduced commissions. Consequently, other corporate entities are subject to a different set of regulations than regular investors in Workday. Please pay attention to any change in the institutional holdings of Workday as this could imply that something significant has changed or is about to change at the company. Please note that on May 15, 2024, Representative Josh Gottheimer of US Congress acquired under $15k worth of Workday's common stock.
Check Workday Ownership Details

Workday Stock Price Odds Analysis

Based on a normal probability distribution, the odds of Workday jumping above the current price in 90 days from now is about 73.36%. The Workday probability density function shows the probability of Workday stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Workday has a beta of 0.5867. This entails as returns on the market go up, Workday average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Workday will be expected to be much smaller as well. Additionally, workday has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
  Odds Below 257.93HorizonTargetOdds Above 257.93
26.48%90 days
 257.93 
73.36%
Based on a normal probability distribution, the odds of Workday to move above the current price in 90 days from now is about 73.36 (This Workday probability density function shows the probability of Workday Stock to fall within a particular range of prices over 90 days) .

Workday Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Workday that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Workday's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Workday's value.
InstituionRecorded OnShares
Wellington Management Company Llp2023-12-31
3.4 M
Sustainable Growth Advisers, Lp2023-12-31
3.1 M
Nuveen Asset Management, Llc2023-12-31
3.1 M
Jane Street Group, Llc2023-12-31
M
Franklin Resources Inc2023-12-31
M
Geode Capital Management, Llc2023-12-31
2.6 M
Winslow Capital Management, Llc2023-12-31
2.3 M
Clearbridge Advisors, Llc2023-12-31
2.3 M
Bank Of America Corp2023-12-31
2.3 M
Vanguard Group Inc2023-12-31
14.4 M
Blackrock Inc2023-12-31
13.3 M
View Workday Diagnostics

Workday Historical Income Statement

Workday Income Statement is one of the three primary financial statements used for reporting Workday's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Workday revenue and expense. Workday Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Workday's Cost Of Revenue is fairly stable compared to the past year. Total Operating Expenses is likely to rise to about 5.6 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 163.3 M in 2024. View More Fundamentals

Workday Stock Against Markets

Picking the right benchmark for Workday stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Workday stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Workday is critical whether you are bullish or bearish towards Workday at a given time. Please also check how Workday's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Workday without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Workday Corporate Management

Elected by the shareholders, the Workday's board of directors comprises two types of representatives: Workday inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Workday. The board's role is to monitor Workday's management team and ensure that shareholders' interests are well served. Workday's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Workday's outside directors are responsible for providing unbiased perspectives on the board's policies.

How to buy Workday Stock?

Before investing in Workday, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Workday. To buy Workday stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Workday. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Workday stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Workday stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Workday stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Workday, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Workday Stock please use our How to Invest in Workday guide.

Already Invested in Workday?

The danger of trading Workday is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Workday is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Workday. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Workday is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Workday offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Workday's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Workday Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Workday Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workday. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Workday Stock please use our How to Invest in Workday guide.
Note that the Workday information on this page should be used as a complementary analysis to other Workday's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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When running Workday's price analysis, check to measure Workday's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workday is operating at the current time. Most of Workday's value examination focuses on studying past and present price action to predict the probability of Workday's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workday's price. Additionally, you may evaluate how the addition of Workday to your portfolios can decrease your overall portfolio volatility.
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Is Workday's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workday. If investors know Workday will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workday listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
5.21
Revenue Per Share
27.776
Quarterly Revenue Growth
0.168
Return On Assets
0.0076
Return On Equity
0.2021
The market value of Workday is measured differently than its book value, which is the value of Workday that is recorded on the company's balance sheet. Investors also form their own opinion of Workday's value that differs from its market value or its book value, called intrinsic value, which is Workday's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workday's market value can be influenced by many factors that don't directly affect Workday's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workday's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workday is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workday's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.