Workday (NASDAQ:WDAY) Issues Earnings Results

Workday (NASDAQ:WDAY) posted its quarterly earnings data on Thursday. The software maker reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.22, RTT News reports. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.74 earnings per share. Workday updated its FY 2026 guidance to EPS and its Q2 2026 guidance to EPS.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $238.01 on Friday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average price is $242.57 and its 200-day moving average price is $254.20. The stock has a market capitalization of $63.31 billion, a PE ratio of 39.47, a price-to-earnings-growth ratio of 3.55 and a beta of 1.30. Workday has a twelve month low of $199.81 and a twelve month high of $294.00.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WDAY. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Wednesday. DA Davidson increased their price objective on Workday from $230.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday. Loop Capital reduced their price target on Workday from $285.00 to $250.00 and set a “hold” rating for the company in a report on Friday. Jefferies Financial Group reduced their price target on Workday from $350.00 to $325.00 and set a “buy” rating for the company in a report on Monday, March 31st. Finally, Canaccord Genuity Group raised their price target on Workday from $300.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.69.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 66,455 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total value of $17,246,401.60. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at approximately $26,729,781.44. This represents a 39.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Sayan Chakraborty sold 6,056 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $265.50, for a total transaction of $1,607,868.00. Following the sale, the insider now owns 111,324 shares in the company, valued at approximately $29,556,522. The trade was a 5.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 321,724 shares of company stock valued at $77,976,126 over the last quarter. 19.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after acquiring an additional 2,792 shares during the period. Empowered Funds LLC lifted its holdings in Workday by 12.1% in the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock worth $2,602,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Workday by 211.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after purchasing an additional 127 shares in the last quarter. 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.