Latest news with #Workday
Yahoo
10 hours ago
- Business
- Yahoo
How Is Workday's Stock Performance Compared to Other Tech-Software Stocks?
Pleasanton, California-based Workday, Inc. (WDAY) is a leading cloud-based provider of enterprise software for human capital management (HCM), financial management, adaptive planning, spend management, and analytics. Valued at a market cap of $63.2 billion, the company delivers real-time operational insights and seamless workflows for HR and finance teams. Companies worth $10 billion or more are typically classified as 'large-cap stocks,' and WDAY fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the software - application industry. The company's specialty lies in delivering AI and machine learning-powered solutions that automate workflows, predict workforce needs, and optimize financial operations. Its strong presence among large enterprises, including over 60% of the Fortune 500, underscores its market leadership and its subscription-based SaaS model ensures stable, recurring revenue and high customer retention. 2 Outstanding Stocks Under $50 to Buy and Hold Now 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Nvidia's Bringing Sovereign AI to Germany. Should You Buy NVDA Stock Here? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. This tech company has slipped 19.4% from its 52-week high of $294, reached on Dec. 9, 2024. Moreover, shares of WDAY have declined 6% over the past three months, considerably underperforming the iShares Expanded Tech-Software Sector ETF's (IGV) 15.9% uptick during the same time frame. In the longer term, Workday has gained 14.1% over the past 52 weeks, lagging behind IGV's 26.2% rise over the same time frame. Moreover, on a YTD basis, shares of WDAY are down 8.2%, compared to IGV's 6% return. To confirm its bearish trend, WDAY has been trading below its 200-day moving average since late May, and has recently started trading below its 50-day moving average. On May 22, WDAY released its Q1 results. The company's revenue improved 12.6% year-over-year to $2.2 billion and marginally exceeded the consensus estimates. Moreover, its adjusted operating margin expanded by a solid 430 basis points, driving a 28.2% annual increase in its adjusted EPS to $2.23. The bottom-line figure also came in well above Wall Street estimates. However, despite delivering a better-than-expected performance, its shares crashed 12.5% in the subsequent trading session. The sharp decline was not driven by company-specific factors but rather by broader market concerns. Trade tensions escalated after President Trump threatened a 25% tariff on Apple Inc. (AAPL) if iPhones were not produced in the U.S., dragging down Apple and other tech stocks including WDAY. The pressure intensified after Trump also warned of a 50% tariff on goods imported from the European Union since Jun. 1. Workday has slightly lagged behind its rival, Dayforce Inc's (DAY) 14.4% gain over the past 52 weeks. However, it has outpaced DAY's 22.6% decline on a YTD basis. Despite WDAY's recent underperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy' from the 37 analysts covering it, and the mean price target of $297.18 suggests a 25.5% premium to its current price levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
13 hours ago
- Business
- Business Insider
TD Cowen Keeps Their Buy Rating on Workday (WDAY)
In a report released yesterday, Derrick Wood from TD Cowen maintained a Buy rating on Workday (WDAY – Research Report). The company's shares closed last Wednesday at $236.88. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Wood is a 5-star analyst with an average return of 13.6% and a 59.07% success rate. Wood covers the Technology sector, focusing on stocks such as Oracle, ServiceNow, and Atlassian. Currently, the analyst consensus on Workday is a Moderate Buy with an average price target of $296.93. Based on Workday's latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $2.24 billion and a net profit of $68 million. In comparison, last year the company earned a revenue of $1.98 billion and had a net profit of $107 million
Yahoo
a day ago
- Business
- Yahoo
Returns At Workday (NASDAQ:WDAY) Are On The Way Up
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect world, we'd like to see a company investing more capital into its business and ideally the returns earned from that capital are also increasing. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. So on that note, Workday (NASDAQ:WDAY) looks quite promising in regards to its trends of return on capital. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If you haven't worked with ROCE before, it measures the 'return' (pre-tax profit) a company generates from capital employed in its business. To calculate this metric for Workday, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.051 = US$632m ÷ (US$17b - US$4.8b) (Based on the trailing twelve months to April 2025). Thus, Workday has an ROCE of 5.1%. Ultimately, that's a low return and it under-performs the Software industry average of 9.5%. View our latest analysis for Workday Above you can see how the current ROCE for Workday compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Workday . Workday has recently broken into profitability so their prior investments seem to be paying off. The company was generating losses five years ago, but now it's earning 5.1% which is a sight for sore eyes. And unsurprisingly, like most companies trying to break into the black, Workday is utilizing 178% more capital than it was five years ago. We like this trend, because it tells us the company has profitable reinvestment opportunities available to it, and if it continues going forward that can lead to a multi-bagger performance. On a related note, the company's ratio of current liabilities to total assets has decreased to 28%, which basically reduces it's funding from the likes of short-term creditors or suppliers. So this improvement in ROCE has come from the business' underlying economics, which is great to see. In summary, it's great to see that Workday has managed to break into profitability and is continuing to reinvest in its business. Considering the stock has delivered 32% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. Given that, we'd look further into this stock in case it has more traits that could make it multiply in the long term. One more thing, we've spotted 2 warning signs facing Workday that you might find interesting. While Workday isn't earning the highest return, check out this free list of companies that are earning high returns on equity with solid balance sheets. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
National Post
4 days ago
- Business
- National Post
Strada Unveils Automated ACFR App to Transform Public Sector Financial Reporting
Article content Article content New app streamlines compliance, boosts efficiency and frees finance teams from the manual burden of year-end reporting Article content Article content MIAMI — Strada, the leading provider of end-to-end payroll, human capital, and financial management solutions, proudly announces its new Workday Marketplace app, Automated Annual Comprehensive Financial Report (ACFR). Scheduled for release on the Workday Marketplace in late summer 2025 and purpose-built for U.S. state and local governments, the app can replace time-consuming reporting with intelligent automation to enhance the speed, accuracy, and consistency of ACFR preparation. Article content Preparing an ACFR is a legal requirement for most U.S. government entities and a cornerstone of transparency and compliance with Governmental Accounting Standards Board (GASB) regulations. Yet for many public sector entities, the process remains highly manual, error-prone, and reliant on outdated systems. Article content Strada's Automated ACFR will address these challenges directly by connecting to Workday Adaptive Planning, which will help customers automate data extraction, formatting, and version control. The app will allow customers to compile all required ACFR content, from financial statements and narrative disclosures to trend data and statistical tables, dramatically reducing manual effort while improving accuracy, consistency, and auditability. Article content Finance teams using the Automated ACFR app will expect to see, on average: Article content 80% reduction in the time required to produce an ACFR 50% reduction in manual effort needed to compile the report Estimated annual savings of $110,000 to $160,000 Article content ' With increasing scrutiny on public sector finances, timely and accurate reporting is more important than ever,' said Steven Porter, Head of Public Sector Sales at Strada. ' This new app will empower finance leaders to deliver ACFRs with less manual work, fewer errors, and more confidence in compliance.' Article content Automated ACFR will be generally available by the end of 2025. The initial release will deliver robust automation and template-driven reporting capabilities, aligned within established Government Finance Officers Association (GFOA) Excellence in Financial Reporting Program standards and designed to bring immediate, high-impact value to public sector finance teams. Looking ahead, Strada is also developing embedded AI agents to further enhance the solution. Set to debut in early 2026, the agents will assist with drafting, editing, and refining complex narrative sections, helping ensure consistency, clarity and compliance year over year. By referencing both prior-year reports and current-year data, the AI agents will: Article content Update management discussion and analysis (MD&A) sections Align commentary with updated charts, figures, and tables Maintain a consistent tone and structure year over year Suggest clearer, more concise phrasing while preserving format Article content ' Our vision is to support public sector teams not just with automation, but with intelligent assistance that makes complex reporting faster, clearer, and more consistent,' Porter added. ' We want to help these skilled financial professionals focus on insight, not admin and free them from time consuming, repetitive tasks so they can deliver greater value for their communities.' Strada will showcase the new Automated ACFR app at the upcoming GFOA Annual Conference (June 29 – July 2) in Washington, D.C. at the Walter E. Washington Convention Center, Hall E, Booth #641. Attendees can book a one-on-one demo to explore how the solution simplifies ACFR preparation, reduces compliance risk, and prepares for future AI-driven innovation. Article content Article content Article content
Finextra
4 days ago
- Business
- Finextra
CloudPay debuts 'out-of-the-box' payroll system for mid-size businesses
CloudPay, the global leader in payroll and payments solutions, has unveiled a brand new 'out of the box' payroll solution, designed specifically for midsize businesses to streamline and simplify payroll processes. 0 The solution is easy to launch, easy to use, and ready for growth as businesses scale up into new countries or new entities. This new powerful, fully cloud-based payroll solution is industry-leading, featuring: • Fixed scope, fixed fee packages to provide clarity, certainty and control • Fast, hassle-free implementation and onboarding within 60 days, with ready-to-go single country set-up to accelerate value generation • Intuitive, easy-to-manage experience with a digitally-based platform to manage new hires, payroll, payments and changes, reducing operational dependency and shortening resolution time - with expert support on hand when required • Built-in global compliance backed by deep local expertise and automated tax and labour rules, minimising legal risks and providing clarity on in-country regulations • Integrations that work simply with HCMs and other data sources, eliminating rework and manual processing Designed to operate in tandem with tailored HCM solutions, CloudPay's release demonstrates how a payroll solution can work seamlessly with HCM technology to create a simple and effective solution. This builds on the recent best-in-class integration with Workday's Global Payroll Connect (GPC) solution. John Pearce, Chief Customer Officer at CloudPay, comments: 'We are excited to launch this new proposition specifically aimed at midsized businesses - it is utterly unique. A ready-to-go payroll solution that streamlines and simplifies payroll processes, keeps pace with changing regulatory frameworks worldwide, with the option to scale in line with business growth, is arguably the silver bullet many organisations have been looking for. 'We believe that global payroll shouldn't be complicated for midsize businesses so our solution is underpinned by intelligent automation, global expertise and best-in-class customer service. Furthermore, it's not rigid in its structure; we understand that customers need adaptable pay systems, and so we can tailor the solution accordingly. 'Whether companies are entering new markets or optimising existing operations, we look forward to supporting more customers on their payroll journeys, eliminating the manual strains of out-of-date payroll solutions.'
