Oppenheimer Lowers Workday (NASDAQ:WDAY) Price Target to $270.00

Workday (NASDAQ:WDAY) had its price target lowered by Oppenheimer from $300.00 to $270.00 in a research note published on Friday, MarketBeat reports. Oppenheimer currently has an outperform rating on the software maker’s stock.

Several other analysts have also recently issued reports on WDAY. JPMorgan Chase & Co. cut their target price on Workday from $310.00 to $295.00 and set an “overweight” rating on the stock in a research note on Friday, May 23rd. Westpark Capital raised their price objective on shares of Workday from $315.00 to $328.00 and gave the stock a “buy” rating in a report on Friday, May 23rd. Needham & Company LLC restated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Friday. Guggenheim restated a “neutral” rating on shares of Workday in a report on Friday, May 23rd. Finally, KeyCorp lowered their price objective on shares of Workday from $335.00 to $325.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and an average target price of $283.76.

Workday Trading Down 2.8%

Shares of WDAY stock opened at $221.27 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.07. Workday has a 52-week low of $205.33 and a 52-week high of $294.00. The company has a market capitalization of $59.08 billion, a PE ratio of 102.44, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24. The business’s fifty day moving average is $232.39 and its 200 day moving average is $242.71.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.83% and a net margin of 6.51%.The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the business posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts anticipate that Workday will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the sale, the director owned 67,500 shares of the company’s stock, valued at $16,767,675. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the sale, the chief executive officer directly owned 1,472 shares of the company’s stock, valued at $352,440.96. This trade represents a 80.94% 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 over the last ninety days. Corporate insiders own 19.31% of the company’s stock.

Institutional Investors Weigh In On Workday

Institutional investors and hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. bought a new stake in Workday in the 2nd quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its position in Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after purchasing an additional 54 shares during the period. Dagco Inc. bought a new stake in Workday in the 1st quarter worth approximately $31,000. Berbice Capital Management LLC grew its position in Workday by 136.4% in the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after purchasing an additional 75 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new stake in Workday in the 1st quarter worth approximately $32,000. 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.