Workday (NASDAQ:WDAY) Price Target Lowered to $280.00 at Deutsche Bank Aktiengesellschaft

Workday (NASDAQ:WDAY) had its price target cut by Deutsche Bank Aktiengesellschaft from $330.00 to $280.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the software maker’s stock.

A number of other research firms have also weighed in on WDAY. Barclays reduced their target price on Workday from $321.00 to $298.00 and set an “overweight” rating on the stock in a research note on Monday. Morgan Stanley set a $255.00 target price on Workday and gave the stock an “equal weight” rating in a research note on Friday, May 23rd. UBS Group reduced their target price on Workday from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday. JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Friday. Finally, Wells Fargo & Company reduced their target price on Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $283.76.

Workday Trading Down 2.8%

Shares of NASDAQ WDAY opened at $221.27 on Friday. The business’s 50 day moving average is $232.39 and its two-hundred day moving average is $242.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07. Workday has a 1-year low of $205.33 and a 1-year high of $294.00. The stock has a market capitalization of $59.08 billion, a P/E ratio of 102.44, a PEG ratio of 3.44 and a beta of 1.24.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.12. Workday had a return on equity of 9.83% and a net margin of 6.51%.The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm posted $1.75 earnings per share. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, research analysts expect that Workday will post 2.63 EPS for the current year.

Insider Transactions at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the sale, the chief executive officer owned 1,472 shares in the company, valued at approximately $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 72,551 shares of the company’s stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.61, for a total value of $17,383,945.11. Following the sale, the insider owned 102,997 shares of the company’s stock, valued at approximately $24,679,111.17. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 329,005 shares of company stock valued at $79,203,523 in the last ninety days. Corporate insiders own 19.31% of the company’s stock.

Institutional Trading of Workday

Several hedge funds and other institutional investors have recently bought and sold shares of WDAY. Brighton Jones LLC boosted its position in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after acquiring an additional 2,792 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in Workday by 24.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker’s stock valued at $793,000 after acquiring an additional 595 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Workday by 40.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 350,829 shares of the software maker’s stock valued at $90,545,000 after acquiring an additional 101,466 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in Workday by 30.2% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,609 shares of the software maker’s stock valued at $1,447,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in shares of Workday by 6.5% during the 4th quarter. Pinebridge Investments L.P. now owns 38,008 shares of the software maker’s stock valued at $9,807,000 after purchasing an additional 2,303 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

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.