Workday (NASDAQ:WDAY) Upgraded to “Buy” at Guggenheim

Guggenheim upgraded shares of Workday (NASDAQ:WDAY) from a neutral rating to a buy rating in a research report report published on Wednesday, Marketbeat.com reports. Guggenheim currently has $285.00 price target on the software maker’s stock.

A number of other equities analysts also recently weighed in on the company. BMO Capital Markets cut their target price on Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a research note on Friday, August 22nd. UBS Group set a $304.00 target price on shares of Workday in a report on Friday, August 22nd. DA Davidson boosted their target price on shares of Workday from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, May 23rd. Piper Sandler upgraded shares of Workday from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $220.00 to $235.00 in a research report on Wednesday. Finally, Barclays cut their target price on shares of Workday from $321.00 to $298.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Stock Performance

Shares of WDAY opened at $234.88 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a 50-day moving average of $228.37 and a 200-day moving average of $238.27. The company has a market cap of $62.71 billion, a PE ratio of 108.74, a P/E/G ratio of 3.03 and a beta of 1.12. Workday has a one year low of $205.33 and a one year high of $294.00.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts predict that Workday will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the sale, the chief executive officer owned 1,472 shares in the company, valued at approximately $352,440.96. This trade represents a 80.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The stock was 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 owned 178,418 shares in the company, valued at $42,747,168.62. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 326,864 shares of company stock valued at $76,391,858 over the last ninety days. Corporate insiders own 19.31% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Valeo Financial Advisors LLC lifted its stake in Workday by 43.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,118 shares of the software maker’s stock worth $748,000 after purchasing an additional 941 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Workday by 1.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 8,912 shares of the software maker’s stock valued at $2,139,000 after purchasing an additional 128 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new position in Workday during the 2nd quarter valued at about $247,000. Stance Capital LLC bought a new position in Workday during the 2nd quarter valued at about $1,276,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Workday during the 2nd quarter valued at about $318,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

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.