We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Workday to Power Fairview Health AI Modernization: Stock to Gain?
Read MoreHide Full Article
Key Takeaways
Workday signs multi-year deal with Fairview to modernize HR, finance, and supply chain operations.
The platform will serve 34,000 employees with AI insights and integrated workflows.
Workday also partners with Lyra Health to enhance employee wellness and productivity.
Workday, Inc. (WDAY - Free Report) is expanding its presence in the healthcare technology sector by securing a multi-year agreement with Fairview Health Services to implement its AI-powered platform for modernizing HR, finance and supply chain solutions of the latter. This deal highlights the company's growing demand for unified cloud solutions, aiming to improve operational efficiency, financial transparency, and overall organizational performance.
Workday’s platform will support over 34,000 Fairview employees by providing an integrated system that uses shared data, AI insights and smooth workflows. Its Human Capital Management enables organizations to centralize employee data, automate workforce processes, and improve talent planning, helping businesses boost productivity, simplify tasks and improve employee experience.
Workday Financial Management provides organizations with real-time visibility into budgets, spending and overall financial performance. Its analytics and forecasting tools improve decision-making, control costs and support smooth operations. In addition, Workday Supply Chain Management boosts efficiency by helping organizations track, manage, and optimize inventory, purchasing and supplier operations.
Workday had also partnered with Lyra Health to enhance its employee wellness platform. With these initiatives, the company continues to deliver complete AI-powered solutions that help organizations modernize operations, drive efficiency and support a healthier, more productive workforce.
How Competitors Are Advancing in AI-Powered Enterprise Solutions?
Workday faces competition from Oracle Corporation (ORCL - Free Report) and Automatic Data Processing, Inc. (ADP - Free Report) . Oracle expanded its AI Agent Studio and marketplace to help businesses build and deploy custom AI agents, while improving its AI infrastructure with unified data platforms and generative tools. Its healthcare business partnered with Alrajhi Medicine to adopt Oracle Health Foundation EHR and Fusion Cloud Applications, using AI to streamline clinical and business operations.
ADP launched AI-powered ADP Assist agents that use its global workforce data to automate HR and payroll tasks, provide insights, simplify workflows and support HR decision-making. It also created an AI agent marketplace to integrate third-party AI solutions for more efficient HR and payroll automation.
View the Zacks #1 Rank List
Image: Bigstock
Workday to Power Fairview Health AI Modernization: Stock to Gain?
Key Takeaways
Workday, Inc. (WDAY - Free Report) is expanding its presence in the healthcare technology sector by securing a multi-year agreement with Fairview Health Services to implement its AI-powered platform for modernizing HR, finance and supply chain solutions of the latter. This deal highlights the company's growing demand for unified cloud solutions, aiming to improve operational efficiency, financial transparency, and overall organizational performance.
Workday’s platform will support over 34,000 Fairview employees by providing an integrated system that uses shared data, AI insights and smooth workflows. Its Human Capital Management enables organizations to centralize employee data, automate workforce processes, and improve talent planning, helping businesses boost productivity, simplify tasks and improve employee experience.
Workday Financial Management provides organizations with real-time visibility into budgets, spending and overall financial performance. Its analytics and forecasting tools improve decision-making, control costs and support smooth operations. In addition, Workday Supply Chain Management boosts efficiency by helping organizations track, manage, and optimize inventory, purchasing and supplier operations.
Workday had also partnered with Lyra Health to enhance its employee wellness platform. With these initiatives, the company continues to deliver complete AI-powered solutions that help organizations modernize operations, drive efficiency and support a healthier, more productive workforce.
How Competitors Are Advancing in AI-Powered Enterprise Solutions?
Workday faces competition from Oracle Corporation (ORCL - Free Report) and Automatic Data Processing, Inc. (ADP - Free Report) . Oracle expanded its AI Agent Studio and marketplace to help businesses build and deploy custom AI agents, while improving its AI infrastructure with unified data platforms and generative tools. Its healthcare business partnered with Alrajhi Medicine to adopt Oracle Health Foundation EHR and Fusion Cloud Applications, using AI to streamline clinical and business operations.
ADP launched AI-powered ADP Assist agents that use its global workforce data to automate HR and payroll tasks, provide insights, simplify workflows and support HR decision-making. It also created an AI agent marketplace to integrate third-party AI solutions for more efficient HR and payroll automation.
Workday’s Price Performance, Valuation & Estimates
Workday shares have lost 46.9% over the past year compared with the industry’s decline of 8.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, Workday trades at a forward price-to-earnings ratio of 12.38, below the industry average of 27.02.
Image Source: Zacks Investment Research
Earnings estimates for fiscal 2027 have remained static at $10.54 over the past 60 days, while the same for fiscal 2028 has declined 1.1% to $12.32.
Image Source: Zacks Investment Research
Workday currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.