Barclays Issues Positive Forecast for Workday (NASDAQ:WDAY) Stock Price

Workday (NASDAQ:WDAY) had its price target hoisted by Barclays from $285.00 to $288.00 in a research report report published on Thursday, Marketbeat Ratings reports. They currently have an overweight rating on the software maker’s stock.

Several other equities analysts have also commented on the stock. Citigroup decreased their price objective on shares of Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Evercore ISI upped their price objective on shares of Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday. Guggenheim upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 price objective on the stock in a report on Wednesday. BMO Capital Markets decreased their price objective on shares of Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Finally, UBS Group set a $304.00 price objective on shares of Workday in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $287.48.

Workday Stock Performance

NASDAQ:WDAY opened at $233.50 on Thursday. 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 firm has a market capitalization of $62.34 billion, a price-to-earnings ratio of 108.10, a PEG ratio of 3.25 and a beta of 1.12. The company’s 50-day moving average is $228.46 and its two-hundred day moving average is $238.13. Workday has a 1-year low of $205.33 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business posted $1.75 EPS. Workday’s revenue was up 12.6% on a year-over-year basis. 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 year.

Insider Transactions at Workday

In related news, insider Richard Harry Sauer sold 1,160 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $226.63, for a total value of $262,890.80. Following the transaction, the insider directly owned 96,916 shares of the company’s stock, valued at $21,964,073.08. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 1,472 shares in the company, valued at $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 326,864 shares of company stock worth $76,391,858. Insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDAY. Brighton Jones LLC raised its position in Workday by 230.2% during the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after acquiring an additional 2,792 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Workday by 24.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker’s stock valued at $793,000 after buying an additional 595 shares during the period. Woodline Partners LP purchased a new stake in shares of Workday during the 4th quarter valued at $17,828,000. Waverly Advisors LLC acquired a new stake in shares of Workday in the fourth quarter worth $432,000. Finally, Focus Partners Advisor Solutions LLC increased its position in shares of Workday by 28.7% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,405 shares of the software maker’s stock worth $363,000 after acquiring an additional 313 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

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.