Stifel Nicolaus Has Lowered Expectations for Workday (NASDAQ:WDAY) Stock Price

Workday (NASDAQ:WDAY) had its target price dropped by equities researchers at Stifel Nicolaus from $275.00 to $255.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the software maker’s stock. Stifel Nicolaus’ target price suggests a potential upside of 15.24% from the company’s previous close.

Several other brokerages also recently issued reports on WDAY. Barclays decreased their price target on Workday from $321.00 to $298.00 and set an “overweight” rating for the company in a report on Monday, August 18th. JMP Securities reaffirmed a “market outperform” rating and set a $315.00 price objective on shares of Workday in a report on Friday, May 23rd. Cantor Fitzgerald set a $265.00 price objective on shares of Workday in a report on Thursday, August 14th. Morgan Stanley set a $255.00 price objective on shares of Workday and gave the stock an “equal weight” rating in a report on Friday, May 23rd. Finally, KeyCorp cut their price objective on shares of Workday from $325.00 to $285.00 and set an “overweight” rating on the stock in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.76.

Workday Stock Performance

Shares of WDAY stock opened at $221.27 on Friday. The firm has a market capitalization of $59.08 billion, a PE ratio of 102.44, a price-to-earnings-growth ratio of 3.34 and a beta of 1.24. The firm has a fifty day simple moving average of $232.39 and a two-hundred day simple moving average of $242.48. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. Workday has a 12 month low of $205.33 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.83%. Workday’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts forecast that Workday will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In other news, Director George J. Still, Jr. sold 7,500 shares of Workday 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 sale, the director directly owned 67,500 shares in the company, valued at $16,767,675. The trade was a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark S. Garfield sold 451 shares of Workday 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 sale, the chief accounting officer owned 42,977 shares in the company, valued at $10,093,578.22. The trade was 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 worth $79,203,523. 19.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in Workday by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker’s stock valued at $5,288,000 after acquiring an additional 1,070 shares during the period. Kingswood Wealth Advisors LLC raised its stake in Workday by 13.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker’s stock valued at $265,000 after acquiring an additional 139 shares during the period. Nisa Investment Advisors LLC raised its stake in Workday by 33.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock valued at $7,486,000 after acquiring an additional 8,093 shares during the period. Sowell Financial Services LLC bought a new stake in Workday in the 1st quarter valued at about $290,000. Finally, D.A. Davidson & CO. raised its stake in Workday by 27.8% in the 1st quarter. D.A. Davidson & CO. now owns 1,601 shares of the software maker’s stock valued at $374,000 after acquiring an additional 348 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Company Profile

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.