DA Davidson Weighs in on Workday’s Q4 Earnings (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY) – Analysts at DA Davidson issued their Q4 2026 earnings per share (EPS) estimates for Workday in a research note issued on Wednesday, November 26th. DA Davidson analyst L. Schreiner forecasts that the software maker will earn $1.10 per share for the quarter. DA Davidson currently has a “Hold” rating and a $250.00 target price on the stock. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

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

A number of other analysts also recently issued reports on the stock. Sanford C. Bernstein decreased their price objective on shares of Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a report on Wednesday. Barclays decreased their price target on shares of Workday from $288.00 to $280.00 and set an “overweight” rating for the company in a research note on Wednesday. Citizens Jmp reaffirmed a “market outperform” rating and issued a $315.00 price target on shares of Workday in a report on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of Workday in a report on Wednesday. Finally, KeyCorp decreased their target price on Workday from $285.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $282.70.

Workday Trading Down 7.9%

NASDAQ WDAY opened at $215.34 on Thursday. The business’s fifty day moving average is $233.59 and its 200-day moving average is $236.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 2.10. The stock 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 has a one year low of $205.33 and a one year high of $294.00.

Insider Buying and Selling at Workday

In other Workday news, insider Richard Harry Sauer sold 2,320 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the sale, the insider owned 90,077 shares in the company, valued at $21,246,461.99. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 75,053 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $236.34, for a total value of $17,738,026.02. Following the completion of the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at $24,342,310.98. The trade was a 42.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 264,933 shares of company stock worth $61,475,760. Company insiders own 19.31% of the company’s stock.

Institutional Investors Weigh In On Workday

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Workday by 3.2% in the third quarter. Vanguard Group Inc. now owns 21,799,056 shares of the software maker’s stock valued at $5,247,687,000 after acquiring an additional 684,872 shares during the period. State Street Corp lifted its stake in Workday by 0.8% in the 3rd quarter. State Street Corp now owns 9,674,568 shares of the software maker’s stock worth $2,328,959,000 after purchasing an additional 74,052 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Workday by 47.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock valued at $1,406,463,000 after purchasing an additional 1,882,391 shares during the period. Geode Capital Management LLC grew its position in shares of Workday by 2.9% during the 2nd quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock valued at $1,183,112,000 after purchasing an additional 140,042 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of 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 worth $879,147,000 after purchasing an additional 1,211,659 shares during the period. 89.81% of the stock is currently 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.