Workday (NASDAQ:WDAY) Stock Rating Upgraded by Cantor Fitzgerald

Workday (NASDAQ:WDAY) was upgraded by investment analysts at Cantor Fitzgerald to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. JMP Securities reissued a “market outperform” rating and set a $315.00 target price on shares of Workday in a research report on Friday, August 22nd. BMO Capital Markets cut their target price on shares of Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, August 22nd. DA Davidson boosted their target price on shares of Workday from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Workday from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, Canaccord Genuity Group cut their price objective on shares of Workday from $330.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Workday presently has a consensus rating of “Moderate Buy” and an average price target of $286.81.

Workday Stock Down 1.4%

Workday stock opened at $223.39 on Thursday. The firm has a market cap of $59.65 billion, a price-to-earnings ratio of 103.42, a P/E/G ratio of 3.16 and a beta of 1.12. 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 firm has a fifty day moving average price of $229.28 and a two-hundred day moving average price of $239.09.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. The firm 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 9.74%. The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, analysts forecast that Workday will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total value of $1,437,540.00. Following the sale, the chief financial officer owned 178,418 shares of the company’s stock, valued at $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the sale, the chief executive officer directly owned 1,472 shares in the company, valued at $352,440.96. This represents a 80.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 318,380 shares of company stock worth $76,586,604. Insiders own 19.31% of the company’s stock.

Institutional Trading of Workday

Several large investors have recently added to or reduced their stakes in WDAY. Nuveen LLC bought a new stake in shares of Workday during the first quarter valued at approximately $456,341,000. Norges Bank acquired a new position in Workday in the second quarter valued at approximately $442,702,000. T. Rowe Price Investment Management Inc. lifted its holdings in Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after buying an additional 1,211,659 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after buying an additional 913,613 shares during the period. Finally, Generation Investment Management LLP raised its holdings in Workday by 36.6% in the first quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock worth $678,117,000 after purchasing an additional 778,301 shares during the period. 89.81% of the stock is owned by institutional investors.

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.