Workday Stock Buy Hold or Sell Recommendation
| WDAY Stock | USD 255.64 1.38 0.54% |
Given the investment horizon of 90 days and your complete indifference towards market risk, our recommendation regarding Workday is 'Strong Buy'. Macroaxis provides Workday buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Workday positions. The advice algorithm takes into account all of Workday's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Workday's buy or sell advice are summarized below:
Real Value 232.63 | Target Price 254.16 | Hype Value 255.64 | Market Value 255.64 | Naive Value 238.27 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Workday given historical horizon and risk tolerance towards Workday. When Macroaxis issues a 'buy' or 'sell' recommendation for Workday, the advice is generated through an automated system that utilizes algorithms and statistical models.
Workday |
Execute Workday Buy or Sell Advice
The Workday recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Workday. Macroaxis does not own or have any residual interests in Workday or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Workday's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Workday Trading Alerts and Improvement Suggestions
| Workday generated a negative expected return over the last 90 days | |
| Over 92.0% of the company outstanding shares are owned by institutional investors | |
| Latest headline from benzinga.com: Comparative Study Palantir Technologies And Industry Competitors In Software Industry |
Workday Returns Distribution Density
The distribution of Workday's historical returns is an attempt to chart the uncertainty of Workday's future price movements. The chart of the probability distribution of Workday daily returns describes the distribution of returns around its average expected value. We use Workday price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Workday returns is essential to provide solid investment advice for Workday.
| Mean Return | -0.13 | Value At Risk | -1.9 | Potential Upside | 2.01 | Standard Deviation | 1.46 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Workday historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Workday Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Workday is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Workday backward and forwards among themselves. Workday's institutional investor refers to the entity that pools money to purchase Workday's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Wellington Management Company Llp | 2023-12-31 | 3.4 M | Sustainable Growth Advisers, Lp | 2023-12-31 | 3.1 M | Nuveen Asset Management, Llc | 2023-12-31 | 3.1 M | Franklin Resources Inc | 2023-12-31 | 3 M | Geode Capital Management, Llc | 2023-12-31 | 2.6 M | Winslow Capital Management, Llc | 2023-12-31 | 2.3 M | Clearbridge Advisors, Llc | 2023-12-31 | 2.3 M | Bank Of America Corp | 2023-12-31 | 2.3 M | Loomis, Sayles & Company Lp | 2023-12-31 | 2.3 M | Vanguard Group Inc | 2023-12-31 | 14.4 M | Blackrock Inc | 2023-12-31 | 13.3 M |
Workday Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 176.1M | 159.2M | 207.9M | 318.6M | 366.4M | 384.7M | |
| Change In Cash | 92.5M | 653.2M | 152.8M | 354.5M | 116.8M | 147.3M | |
| Free Cash Flow | 620.1M | 1.0B | 1.4B | 1.3B | 1.9B | 2.0B | |
| Depreciation | 276.3M | 293.7M | 343.7M | 364.4M | 282M | 163.3M | |
| Other Non Cash Items | 176.9M | 238.4M | 69.0M | 316.7M | 162M | 98.7M | |
| Capital Expenditures | 244.5M | 256.3M | 272.3M | 360.3M | 238M | 161.3M | |
| Net Income | (480.7M) | (282.4M) | 29.4M | (366.7M) | 1.4B | 1.5B | |
| End Period Cash Flow | 734.7M | 1.4B | 1.5B | 1.9B | 2.0B | 2.1B | |
| Investments | (136.2M) | (997.0M) | 26.5M | (2.5B) | (1.8B) | (1.7B) | |
| Change Receivables | (160.5M) | (176.1M) | (159.2M) | (207.9M) | (187.1M) | (177.8M) | |
| Net Borrowings | (30K) | 479.0M | (37.6M) | 1.1B | 1.3B | 1.4B | |
| Change To Netincome | 824.5M | 992.5M | 1.0B | 1.4B | 1.6B | 1.7B |
Workday Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Workday or Software sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Workday's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Workday stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.18 | |
β | Beta against NYSE Composite | 0.67 | |
σ | Overall volatility | 1.46 | |
Ir | Information ratio | -0.14 |
Workday Volatility Alert
Workday exhibits very low volatility with skewness of -1.21 and kurtosis of 4.79. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Workday's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Workday's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Workday Implied Volatility
Workday's implied volatility exposes the market's sentiment of Workday stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Workday's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Workday stock will not fluctuate a lot when Workday's options are near their expiration.
Workday Fundamentals Vs Peers
Comparing Workday's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Workday's direct or indirect competition across all of the common fundamentals between Workday and the related equities. This way, we can detect undervalued stocks with similar characteristics as Workday or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Workday's fundamental indicators could also be used in its relative valuation, which is a method of valuing Workday by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Workday to competition |
| Fundamentals | Workday | Peer Average |
| Return On Equity | 0.2 | -0.31 |
| Return On Asset | 0.0076 | -0.14 |
| Profit Margin | 0.19 % | (1.27) % |
| Operating Margin | 0.04 % | (5.51) % |
| Current Valuation | 62.97 B | 16.62 B |
| Shares Outstanding | 211 M | 571.82 M |
| Shares Owned By Insiders | 1.30 % | 10.09 % |
| Shares Owned By Institutions | 91.85 % | 39.21 % |
| Number Of Shares Shorted | 4.05 M | 4.71 M |
| Price To Book | 8.62 X | 9.51 X |
| Price To Sales | 9.60 X | 11.42 X |
| Revenue | 7.26 B | 9.43 B |
| Gross Profit | 4.5 B | 27.38 B |
| EBITDA | 465 M | 3.9 B |
| Net Income | 1.38 B | 570.98 M |
| Cash And Equivalents | 6.29 B | 2.7 B |
| Cash Per Share | 24.58 X | 5.01 X |
| Total Debt | 3.3 B | 5.32 B |
| Debt To Equity | 0.86 % | 48.70 % |
| Current Ratio | 1.61 X | 2.16 X |
| Book Value Per Share | 30.63 X | 1.93 K |
| Cash Flow From Operations | 2.15 B | 971.22 M |
| Short Ratio | 1.65 X | 4.00 X |
| Earnings Per Share | 5.22 X | 3.12 X |
| Price To Earnings To Growth | 2.26 X | 4.89 X |
| Target Price | 317.73 | |
| Number Of Employees | 18.8 K | 18.84 K |
| Beta | 1.31 | -0.15 |
| Market Capitalization | 67.54 B | 19.03 B |
| Total Asset | 16.45 B | 29.47 B |
| Retained Earnings | (1.73 B) | 9.33 B |
| Working Capital | 4.88 B | 1.48 B |
| Current Asset | 2.36 B | 9.34 B |
Note: Disposition of 7903 shares by David Duffield of Workday at 280.3572 subject to Rule 16b-3 [view details]
Workday Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Workday . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 0.0154 | |||
| Daily Balance Of Power | (0.35) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 256.27 | |||
| Day Typical Price | 256.06 | |||
| Market Facilitation Index | 3.97 | |||
| Price Action Indicator | (1.32) | |||
| Period Momentum Indicator | (1.38) |
About Workday Buy or Sell Advice
When is the right time to buy or sell Workday? Buying financial instruments such as Workday Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Other Assets | 682.5M | 498.0M | 572.6M | 601.3M | Cash | 1.5B | 1.9B | 2.0B | 2.1B |
Use Investing Ideas to Build Portfolios
In addition to having Workday in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Momentum Thematic Idea Now
Momentum
Large corporations operating in software, education, financial and car manufacturing industries. The Momentum theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Momentum Theme or any other thematic opportunities.
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Check out Workday Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Workday Stock analysis
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 5.22 | 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.