Workday (NASDAQ:WDAY) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Workday (NASDAQ:WDAY) in a research note issued to investors on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $300.00 target price on the software maker’s stock.

A number of other equities research analysts have also commented on WDAY. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. UBS Group set a $304.00 target price on shares of Workday in a report on Friday, August 22nd. Guggenheim reaffirmed a “neutral” rating on shares of Workday in a research report on Friday, August 22nd. Citigroup lowered their price objective on Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, August 22nd. Finally, Barclays dropped their price objective on Workday from $321.00 to $298.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average price target of $286.81.

Workday Trading Down 0.5%

WDAY opened at $230.73 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. Workday has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The company’s 50 day moving average price is $230.18 and its two-hundred day moving average price is $239.64. The firm has a market capitalization of $61.60 billion, a price-to-earnings ratio of 106.82, a PEG ratio of 3.23 and a beta of 1.12.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the company earned $1.75 EPS. 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. Q3 2026 guidance at EPS. As a group, research analysts predict that Workday will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In related news, 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 directly owned 42,977 shares in the company, valued at $10,093,578.22. This trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the sale, the chief financial officer directly owned 178,418 shares of the company’s stock, valued at approximately $42,747,168.62. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 318,380 shares of company stock worth $76,586,604 in the last three months. Insiders own 20.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its position in Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after acquiring an additional 2,792 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Workday by 24.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker’s stock worth $793,000 after purchasing an additional 595 shares in the last quarter. Jefferies Financial Group Inc. raised its stake in shares of Workday by 8.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 10,326 shares of the software maker’s stock worth $2,664,000 after purchasing an additional 770 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Workday in the fourth quarter valued at approximately $993,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Workday by 49.4% in the fourth quarter. Lazard Asset Management LLC now owns 53,212 shares of the software maker’s stock valued at $13,730,000 after purchasing an additional 17,584 shares in the last quarter. 89.81% of the stock is 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.