Cantor Fitzgerald Forecasts Stronger Earnings for Workday

Workday, Inc. (NASDAQ:WDAY) – Equities research analysts at Cantor Fitzgerald increased their FY2026 EPS estimates for shares of Workday in a report issued on Wednesday, November 26th. Cantor Fitzgerald analyst M. Vanvliet now forecasts that the software maker will post earnings of $4.05 per share for the year, up from their prior forecast of $3.92. Cantor Fitzgerald has a “Overweight” rating on the stock. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

Several other equities analysts have also commented on WDAY. KeyCorp reduced their price objective on Workday from $285.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday. Bank of America reduced their price target on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Workday in a research note on Wednesday. Finally, Evercore ISI increased their target price on shares of Workday from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $282.70.

Workday Trading Down 7.9%

NASDAQ WDAY opened at $215.34 on Thursday. The stock’s 50-day simple moving average is $233.59 and its two-hundred day simple moving average is $236.32. Workday has a twelve month low of $205.33 and a twelve month high of $294.00. The company has a quick ratio of 2.10, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $57.50 billion, a price-to-earnings ratio of 90.48, a PEG ratio of 2.67 and a beta of 1.11.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the firm posted $1.89 EPS. The firm’s revenue was up 12.6% compared to the same quarter last year.

Insider Buying and Selling

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the completion of the sale, the chief executive officer directly owned 20,222 shares in the company, valued at $4,803,129.44. This represents a 23.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael M. Mcnamara sold 5,393 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the completion of the sale, the director directly owned 24,078 shares in the company, valued at approximately $5,662,182.48. This trade represents a 18.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 264,933 shares of company stock valued at $61,475,760 over the last quarter. Company insiders own 19.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WDAY. AlphaQuest LLC lifted its stake in Workday by 636.7% in the second quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock worth $453,000 after acquiring an additional 1,630 shares during the period. Chicago Capital LLC increased its position in Workday by 2.2% during the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock valued at $42,193,000 after purchasing an additional 3,824 shares during the period. State of Alaska Department of Revenue raised its holdings in Workday by 21.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock worth $7,288,000 after purchasing an additional 5,300 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Workday by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock worth $5,067,404,000 after purchasing an additional 515,529 shares during the period. Finally, Swiss National Bank lifted its position in shares of Workday by 8.0% in the 2nd quarter. Swiss National Bank now owns 651,700 shares of the software maker’s stock worth $156,408,000 after purchasing an additional 48,100 shares during the period. 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.