Workday, Inc. (NASDAQ:WDAY) Receives Consensus Rating of “Moderate Buy” from Analysts

Workday, Inc. (NASDAQ:WDAY) has received an average recommendation of “Moderate Buy” from the thirty-five analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $185.0303.

WDAY has been the topic of several research analyst reports. UBS Group increased their price target on shares of Workday from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. BMO Capital Markets reissued an “outperform” rating on shares of Workday in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Workday from $265.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. BTIG Research reissued a “buy” rating and set a $175.00 price target on shares of Workday in a research note on Monday, May 18th. Finally, Evercore cut shares of Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price target on the stock. in a research note on Wednesday, February 25th.

Insider Buying and Selling at Workday

In other news, insider Robert Enslin sold 5,373 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $129.41, for a total transaction of $695,319.93. Following the sale, the insider directly owned 165,414 shares of the company’s stock, valued at $21,406,225.74. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, CAO Mark S. Garfield sold 1,585 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $113.05, for a total transaction of $179,184.25. Following the completion of the transaction, the chief accounting officer directly owned 31,467 shares in the company, valued at approximately $3,557,344.35. The trade was a 4.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 989,814 shares of company stock valued at $131,576,291 over the last three months. Insiders own 18.64% of the company’s stock.

Hedge Funds Weigh In On Workday

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Lavelle Capital LP bought a new position in Workday in the first quarter valued at approximately $928,000. Allen Capital Group LLC boosted its stake in Workday by 10.7% in the first quarter. Allen Capital Group LLC now owns 15,010 shares of the software maker’s stock valued at $1,950,000 after acquiring an additional 1,452 shares during the last quarter. Western Wealth Management LLC bought a new position in Workday in the first quarter valued at approximately $39,000. Oddo BHF Asset Management Sas boosted its stake in Workday by 5.7% in the first quarter. Oddo BHF Asset Management Sas now owns 7,019 shares of the software maker’s stock valued at $912,000 after acquiring an additional 378 shares during the last quarter. Finally, Ashton Thomas Securities LLC boosted its stake in Workday by 6.2% in the first quarter. Ashton Thomas Securities LLC now owns 2,206 shares of the software maker’s stock valued at $287,000 after acquiring an additional 128 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Price Performance

Shares of Workday stock opened at $130.01 on Friday. Workday has a 1-year low of $110.36 and a 1-year high of $257.09. The company has a current ratio of 1.01, a quick ratio of 1.32 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average price is $125.32 and its two-hundred day moving average price is $165.92. The stock has a market capitalization of $33.41 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 1.29 and a beta of 1.04.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.51 by $0.15. Workday had a net margin of 8.60% and a return on equity of 14.75%. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm earned $2.23 earnings per share. Workday’s revenue was up 13.5% compared to the same quarter last year. On average, equities analysts predict that Workday will post 5.19 earnings per share for the current fiscal year.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday expanded its strategic partnership with Google Cloud to bring AI agents for HR and finance into everyday workflows, including availability of Workday’s Sana Self-Service Agent in Gemini Enterprise. Workday and Google Cloud Expand Strategic Partnership to Bring AI Agents for HR and Finance Into Employees’ Daily Workflows
• Positive Sentiment: The company also introduced Adaptive Decision Intelligence for Workday Adaptive Planning, adding natural-language scenario analysis and automated decision-making tools that could strengthen its planning software appeal. Workday Introduces Adaptive Decision Intelligence, Bringing Planning Questions, Scenarios, and Decisions Into One AI Experience
• Positive Sentiment: Incorta announced a data foundation for Workday Adaptive Planning, aimed at giving finance teams real-time operational data without IT dependency, which could improve the platform’s utility for enterprise customers. Incorta Powers Adaptive Data Foundation for Workday Adaptive Planning – Giving Finance Teams Real-Time Operational Data Without IT Dependency
• Neutral Sentiment: Bank of America reinstated Workday at Neutral with a $140 price target, saying the company is high quality but faces limited near-term catalysts as growth moderates. Workday Serves 65% Of The Fortune 500, But Analyst Warns AI Could Compress Its Per-Seat Pricing Model
• Negative Sentiment: Analysts also flagged a risk that AI could pressure Workday’s per-seat pricing model over time, which may weigh on long-term margin expectations despite the upbeat product news. Workday Serves 65% Of The Fortune 500, But Analyst Warns AI Could Compress Its Per-Seat Pricing Model

About Workday

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.