Workday (NASDAQ:WDAY) Lowered to “Market Perform” Rating by Citizens Jmp

Citizens Jmp cut shares of Workday (NASDAQ:WDAY) from an outperform rating to a market perform rating in a report released on Wednesday morning, MarketBeat.com reports.

A number of other equities research analysts have also issued reports on WDAY. Stifel Nicolaus set a $175.00 price target on Workday in a research report on Monday, February 9th. Raymond James Financial restated a “market perform” rating on shares of Workday in a research note on Monday, February 9th. Royal Bank Of Canada decreased their price target on shares of Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Barclays dropped their price objective on shares of Workday from $280.00 to $275.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Finally, UBS Group decreased their price objective on shares of Workday from $240.00 to $170.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $255.90.

Workday Stock Performance

Shares of WDAY stock opened at $142.63 on Wednesday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. Workday has a 52 week low of $139.38 and a 52 week high of $281.00. The stock has a market capitalization of $37.51 billion, a PE ratio of 59.93, a P/E/G ratio of 1.22 and a beta of 1.13. The firm has a 50 day moving average of $191.31 and a two-hundred day moving average of $216.11.

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 analysts’ consensus estimates of $2.17 by $0.15. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share. On average, research analysts predict that Workday will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In other news, insider Gerrit S. Kazmaier sold 6,547 shares of Workday stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the sale, the insider owned 111,353 shares in the company, valued at approximately $24,360,695.81. The trade was a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David A. Duffield sold 82,884 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.75, for a total value of $17,384,919.00. Following the completion of the sale, the insider directly owned 105,049 shares of the company’s stock, valued at approximately $22,034,027.75. This trade represents a 44.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 370,321 shares of company stock valued at $78,866,401. Corporate insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

A number of institutional investors have recently modified their holdings of the business. Rakuten Securities Inc. acquired a new stake in shares of Workday in the 2nd quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday during the third quarter worth about $26,000. DT Investment Partners LLC purchased a new position in Workday during the fourth quarter worth about $27,000. LRI Investments LLC acquired a new stake in Workday in the fourth quarter valued at about $29,000. Finally, JPL Wealth Management LLC purchased a new stake in Workday in the 3rd quarter valued at approximately $30,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Guggenheim reaffirmed a “buy” rating and kept a high $285 price target, signaling continued confidence in long‑term upside. Guggenheim reaffirmed buy on WDAY
• Positive Sentiment: Rosenblatt upgraded WDAY to a “buy” (from hold) with a $180 target, providing a nearer‑term constructive view on the name. Rosenblatt upgrades Workday (WDAY)
• Positive Sentiment: Coverage highlighting the return of a founder/CEO and renewed AI emphasis has supported the narrative that shares may be undervalued if Workday can monetize AI across its HCM/finance products. Workday CEO Return And AI Push Raise Questions On Undervalued Shares
• Neutral Sentiment: Partner news: Interact announced new AI‑native features and a Workday integration — a product tie that can help adoption but is not a material earnings catalyst on its own. Interact expands platform with Workday integration
• Neutral Sentiment: Reminder: Workday is scheduled to report earnings next week, which can amplify moves as analysts and investors update forecasts. Workday (WDAY) to Release Earnings on Tuesday
• Negative Sentiment: Citizens JMP downgraded WDAY from “outperform” to “market perform,” reducing near‑term analyst enthusiasm. Citizens downgrades Workday (WDAY)
• Negative Sentiment: BMO cut its price target sharply (from $285 to $204), signaling reduced conviction on upside versus prior estimates. Workday price target lowered by BMO
• Negative Sentiment: Oppenheimer trimmed its target from $270 to $200 (still an outperform rating), a further sign that some analysts are tempering growth/valuation assumptions. Workday price target lowered by Oppenheimer
• Negative Sentiment: Zacks flagged that Workday may not have the ideal setup to deliver an earnings beat in the upcoming report, which could add downside risk around the print. Workday (WDAY) Earnings Expected to Grow: Should You Buy?

About Workday

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.