Workday (NASDAQ:WDAY) Given New $200.00 Price Target at Oppenheimer

Workday (NASDAQ:WDAY) had its price target reduced by Oppenheimer from $270.00 to $200.00 in a report published on Tuesday, MarketBeat.com reports. They currently have an outperform rating on the software maker’s stock.

Several other brokerages also recently issued reports on WDAY. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of Workday in a report on Thursday, February 5th. Evercore set a $200.00 price objective on shares of Workday in a report on Monday, February 9th. UBS Group lowered their target price on shares of Workday from $240.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, February 10th. Wall Street Zen raised shares of Workday from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Macquarie Infrastructure restated a “buy” rating on shares of Workday in a report on Wednesday, November 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.94.

Workday Stock Down 0.9%

Shares of NASDAQ:WDAY opened at $143.12 on Tuesday. Workday has a 1 year low of $139.91 and a 1 year high of $281.00. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.83. The business’s 50-day moving average is $192.91 and its 200-day moving average is $216.63. The company has a market capitalization of $37.64 billion, a price-to-earnings ratio of 60.13, a P/E/G ratio of 1.23 and a beta of 1.13.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.15. Workday had a net margin of 6.95% and a return on equity of 10.50%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. Workday’s revenue was up 12.6% on a year-over-year basis. Equities research analysts predict that Workday will post 2.63 earnings per share for the current year.

Insider Activity

In other news, insider Gerrit S. Kazmaier sold 3,759 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total value of $784,616.07. Following the completion of the sale, the insider directly owned 105,167 shares in the company, valued at approximately $21,951,507.91. The trade was a 3.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard Harry Sauer sold 1,130 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total transaction of $237,300.00. Following the sale, the insider owned 85,398 shares of the company’s stock, valued at approximately $17,933,580. The trade was a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 370,321 shares of company stock worth $78,866,401. Corporate insiders own 20.00% of the company’s stock.

Hedge Funds Weigh In On Workday

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Workday by 14.7% during the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock valued at $5,371,495,000 after purchasing an additional 3,210,232 shares in the last quarter. First Eagle Investment Management LLC bought a new position in Workday in the third quarter worth about $556,252,000. Norges Bank purchased a new stake in Workday in the fourth quarter worth about $448,804,000. Hotchkis & Wiley Capital Management LLC boosted its position in Workday by 47.5% during 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 acquiring an additional 1,882,391 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Workday by 41.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,761,599 shares of the software maker’s stock worth $905,530,000 after acquiring an additional 1,103,421 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Rosenblatt upgraded WDAY from neutral to buy and set a $180 target, signaling renewed analyst conviction in the stock’s medium-term upside amid the company’s strategic shifts. Rosenblatt upgrades Workday (WDAY)
• Positive Sentiment: Coverage highlights the return of co‑founder Aneel Bhusri as CEO and a stronger AI push — investors may view this as supportive for long‑term product strategy and growth, especially if AI accelerates subscription or service demand. Workday CEO Return And AI Push Raise Questions On Undervalued Shares
• Neutral Sentiment: Workday is scheduled to report quarterly results on Tuesday; the upcoming release is the near‑term catalyst that could swing the stock depending on guidance and AI‑related commentary. Workday (WDAY) to Release Earnings on Tuesday
• Negative Sentiment: Analysts at BMO cut their price target from $285 to $204 (still “outperform”), signaling reduced expectations for near‑term upside even as they keep a constructive rating. BMO lowers Workday price target
• Negative Sentiment: Oppenheimer also trimmed its target from $270 to $200 while maintaining an outperform rating, another sign analysts are moderating near‑term forecasts despite believing in longer‑term upside. Oppenheimer lowers Workday price target
• Negative Sentiment: Zacks cautions Workday may lack the factors that typically produce an earnings beat this quarter, increasing downside risk around the report. Workday (WDAY) Earnings Expected to Grow: Should You Buy?

Workday Company Profile

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.