Workday, Inc. (NASDAQ:WDAY) Given Consensus Rating of “Hold” by Brokerages

Workday, Inc. (NASDAQ:WDAY) has been assigned a consensus recommendation of “Hold” from the thirty-nine brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $206.3421.

A number of brokerages recently issued reports on WDAY. Wells Fargo & Company increased their target price on shares of Workday from $215.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen dropped their price objective on shares of Workday from $220.00 to $210.00 and set a “hold” rating for the company in a report on Friday. Wolfe Research reissued an “outperform” rating and issued a $160.00 target price on shares of Workday in a report on Friday, May 22nd. Barclays raised their price target on Workday from $200.00 to $224.00 and gave the company an “overweight” rating in a report on Friday. Finally, Stifel Nicolaus lifted their price objective on Workday from $115.00 to $160.00 and gave the company a “hold” rating in a research report on Friday.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Bright Horizons joined the Workday Wellness Partner Program, expanding Workday’s benefits ecosystem and helping employers manage family-care and education benefits through improved access and utilization insights. Bright Horizons Joins the Workday Wellness Partner Program
• Positive Sentiment: Analyst commentary highlights Workday’s long-term growth potential, supported by subscription revenue, artificial-intelligence adoption, and expanding profitability. A separate report said operating margin improved as these trends strengthened, though maintaining the gains will be important. Why Workday Is a Top Growth Stock Workday Operating Margin Expands
• Positive Sentiment: Several firms, including Monness Crespi & Hardt, KeyCorp, DA Davidson, BMO Capital Markets, and Needham, reportedly maintained or expressed bullish expectations for Workday’s shares. Barclays also retained its Buy rating. Barclays Sticks to Its Buy Rating
• Neutral Sentiment: Technical analysts said WDAY is testing resistance around $205, a level that has been important for several years. A breakout could attract buyers, while failure to clear it may encourage consolidation after the recent earnings-driven advance. Will Workday Break Out and Head Higher?
• Negative Sentiment: Workday is giving back part of its sharp post-earnings rally, suggesting profit-taking may be offsetting the company’s better-than-expected results. Cantor Fitzgerald and TD Cowen lowered their price targets to $205 and $210, respectively; Piper Sandler raised its target to $190, still below the recent trading range. Freedom Broker also lowered its rating. Cantor Fitzgerald Lowers Workday Price Target TD Cowen Lowers Workday Price Target

Insider Buying and Selling

In other Workday news, CAO Mark S. Garfield sold 918 shares of the stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $142.19, for a total transaction of $130,530.42. Following the sale, the chief accounting officer owned 73,718 shares of the company’s stock, valued at $10,481,962.42. This represents a 1.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Enslin sold 5,374 shares of the business’s stock in a transaction dated Sunday, July 5th. The stock was sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the transaction, the insider directly owned 239,469 shares of the company’s stock, valued at approximately $32,304,368.10. This represents a 2.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 875,020 shares of company stock valued at $113,938,503 in the last 90 days. 18.64% of the stock is owned by corporate insiders.

Institutional Trading of Workday

Several hedge funds have recently modified their holdings of the stock. Strategic Investment Advisors MI raised its position in Workday by 1.6% in the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after purchasing an additional 50 shares during the last quarter. L2 Asset Management LLC boosted its position in Workday by 7.8% in the 4th quarter. L2 Asset Management LLC now owns 1,079 shares of the software maker’s stock valued at $232,000 after buying an additional 78 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Workday by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,798 shares of the software maker’s stock valued at $5,326,000 after buying an additional 80 shares during the period. Stevens Capital Management LP increased its stake in shares of Workday by 4.3% in the 4th quarter. Stevens Capital Management LP now owns 2,054 shares of the software maker’s stock valued at $441,000 after buying an additional 84 shares during the period. Finally, Colonial Trust Co SC raised its position in shares of Workday by 45.8% during the fourth quarter. Colonial Trust Co SC now owns 280 shares of the software maker’s stock worth $60,000 after acquiring an additional 88 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Price Performance

Shares of WDAY stock opened at $197.45 on Tuesday. The stock’s fifty day simple moving average is $159.40 and its 200 day simple moving average is $141.02. Workday has a one year low of $110.36 and a one year high of $249.85. The firm has a market cap of $48.77 billion, a price-to-earnings ratio of 40.05, a P/E/G ratio of 2.17 and a beta of 1.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.21 earnings per share. On average, analysts expect that Workday will post 5.39 earnings per share for the current fiscal year.

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.