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

Shares of Workday, Inc. (NASDAQ:WDAY) have earned a consensus rating of “Moderate Buy” from the thirty-five ratings firms that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, twenty-three have assigned a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $287.8276.

Several equities analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Wednesday, September 17th. Barclays upped their price objective on shares of Workday from $285.00 to $288.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. JMP Securities reiterated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Wednesday, September 17th. Piper Sandler upgraded shares of Workday from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $220.00 to $235.00 in a report on Wednesday, September 17th. Finally, Bank of America decreased their price objective on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th.

Workday Price Performance

Shares of WDAY opened at $233.18 on Friday. The company has a market cap of $62.26 billion, a price-to-earnings ratio of 107.95, a PEG ratio of 2.97 and a beta of 1.10. Workday has a 1-year low of $205.33 and a 1-year high of $294.00. The company’s fifty day simple moving average is $230.35 and its 200 day simple moving average is $236.97. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the company earned $1.75 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts forecast that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 75,053 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $236.34, for a total value of $17,738,026.02. Following the completion of the sale, the insider owned 102,997 shares of the company’s stock, valued at approximately $24,342,310.98. The trade was a 42.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the sale, the insider directly owned 90,077 shares of the company’s stock, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 257,625 shares of company stock worth $59,749,934. Insiders own 19.31% of the company’s stock.

Institutional Investors Weigh In On Workday

A number of institutional investors have recently modified their holdings of WDAY. Rakuten Securities Inc. bought a new stake in shares of Workday in the second quarter valued at about $25,000. Cornerstone Planning Group LLC boosted its position in shares of Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after acquiring an additional 54 shares during the period. Dagco Inc. bought a new stake in Workday during the first quarter worth about $31,000. Berbice Capital Management LLC grew its stake in Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after buying an additional 75 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Workday during the first quarter worth about $32,000. 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.