Workday (NASDAQ:WDAY – Free Report) had its target price trimmed by Bank of America from $295.00 to $278.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the software maker’s stock.
Several other equities research analysts have also recently weighed in on the company. Cantor Fitzgerald set a $265.00 price objective on Workday in a research report on Thursday, August 14th. Citigroup cut Workday from a “neutral” rating to a “mixed” rating in a research report on Friday, May 16th. Westpark Capital increased their price objective on Workday from $315.00 to $328.00 and gave the company a “buy” rating in a research report on Friday, May 23rd. Morgan Stanley set a $255.00 price objective on Workday and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Finally, JMP Securities restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Friday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $292.92.
Get Our Latest Stock Analysis on Workday
Workday Stock Down 0.9%
Workday (NASDAQ:WDAY – Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.22. Workday had a return on equity of 8.00% and a net margin of 5.60%.The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the business earned $1.74 earnings per share. Workday’s revenue for the quarter was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. As a group, sell-side analysts anticipate that Workday will post 2.63 earnings per share for the current year.
Insider Activity
In other Workday news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the transaction, the director directly owned 67,500 shares in the company, valued at $16,767,675. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark S. Garfield sold 451 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the transaction, the chief accounting officer owned 42,977 shares of the company’s stock, valued at $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 329,005 shares of company stock valued at $79,203,523. 20.00% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA increased its stake in shares of Workday by 15.2% in the first quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock valued at $74,000 after buying an additional 42 shares in the last quarter. Salvus Wealth Management LLC increased its stake in shares of Workday by 2.8% in the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker’s stock valued at $387,000 after buying an additional 45 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Workday by 1.0% in the second quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $1,051,000 after buying an additional 45 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Workday by 15.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock valued at $82,000 after buying an additional 46 shares in the last quarter. Finally, AE Wealth Management LLC increased its stake in shares of Workday by 0.4% in the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock valued at $2,778,000 after buying an additional 46 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.
About Workday
Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.
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