Workday, Inc. (NASDAQ:WDAY) Receives $286.81 Average Price Target from Brokerages

Shares of Workday, Inc. (NASDAQ:WDAY) have been assigned an average rating of “Moderate Buy” from the thirty-three analysts that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $287.4828.

WDAY has been the subject of several research analyst reports. Canaccord Genuity Group reduced their target price on Workday from $330.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Barclays increased their target price on Workday from $285.00 to $288.00 and gave the company an “overweight” rating in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of Workday in a research note on Wednesday. Loop Capital reduced their target price on Workday from $285.00 to $250.00 and set a “hold” rating for the company in a research note on Friday, May 23rd. Finally, Bank of America reduced their target price on Workday from $295.00 to $278.00 and set a “buy” rating for the company in a research note on Tuesday, August 19th.

Insider Activity at Workday

In related news, insider Richard Harry Sauer sold 1,160 shares of the firm’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $226.63, for a total transaction of $262,890.80. Following the transaction, the insider directly owned 96,916 shares in the company, valued at $21,964,073.08. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Mark S. Garfield sold 451 shares of the firm’s 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 owned 42,977 shares in the company, valued at $10,093,578.22. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 326,864 shares of company stock worth $76,391,858. 19.31% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Workday

Several large investors have recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in Workday by 15.2% during the first quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock worth $74,000 after purchasing an additional 42 shares during the last quarter. Salvus Wealth Management LLC lifted its stake in Workday by 2.8% during the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker’s stock worth $387,000 after purchasing an additional 45 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in Workday by 1.0% during the second quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock worth $1,051,000 after purchasing an additional 45 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Workday by 15.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock worth $82,000 after purchasing an additional 46 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in Workday by 0.4% during the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock worth $2,778,000 after purchasing an additional 46 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Down 0.6%

NASDAQ WDAY opened at $233.50 on Tuesday. The stock has a market cap of $62.34 billion, a PE ratio of 108.10, a P/E/G ratio of 3.25 and a beta of 1.12. Workday has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The business has a 50 day moving average price of $228.46 and a two-hundred day moving average price of $238.13. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last released 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 analysts’ expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts predict that Workday will post 2.63 EPS for the current fiscal year.

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.