Cantor Fitzgerald Cuts Workday (NASDAQ:WDAY) Price Target to $205.00

Workday (NASDAQ:WDAY) had its price target decreased by Cantor Fitzgerald from $220.00 to $205.00 in a research report report published on Friday, MarketBeat reports. Cantor Fitzgerald currently has an overweight rating on the software maker’s stock.

WDAY has been the subject of a number of other reports. HC Wainwright set a $140.00 price objective on shares of Workday in a research note on Wednesday, May 27th. William Blair reissued an “outperform” rating on shares of Workday in a report on Friday. Jefferies Financial Group lifted their target price on shares of Workday from $205.00 to $225.00 and gave the stock a “hold” rating in a research report on Sunday, August 23rd. Wolfe Research reissued an “outperform” rating and set a $160.00 price objective on shares of Workday in a research note on Friday, May 22nd. Finally, Morgan Stanley increased their target price on shares of Workday from $145.00 to $180.00 and gave the stock an “underweight” rating in a report on Friday. Twenty equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $206.00.

Workday Stock Performance

WDAY opened at $204.72 on Friday. Workday has a fifty-two week low of $110.36 and a fifty-two week high of $249.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50-day moving average is $157.71 and its 200 day moving average is $140.71. The firm has a market capitalization of $50.57 billion, a PE ratio of 41.53, a P/E/G ratio of 2.17 and a beta of 1.08.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a net margin of 12.32% and a return on equity of 20.95%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the business posted $2.21 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. As a group, research analysts predict that Workday will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $136.74, for a total transaction of $14,699,550.00. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at $14,364,400.26. This trade represents a 50.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gerrit S. Kazmaier sold 2,728 shares of Workday stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $143.62, for a total value of $391,795.36. Following the transaction, the insider owned 266,388 shares of the company’s stock, valued at $38,258,644.56. The trade was a 1.01% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 875,020 shares of company stock worth $113,938,503 over the last three months. Corporate insiders own 18.64% of the company’s stock.

Institutional Trading of Workday

A number of institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in Workday by 11,770.8% in the second quarter. California State Teachers Retirement System now owns 36,907,426 shares of the software maker’s stock worth $4,518,207,000 after buying an additional 36,596,516 shares during the last quarter. Auto Owners Insurance Co grew its holdings in shares of Workday by 25,412.8% during the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock valued at $2,197,332,000 after buying an additional 10,190,516 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Workday by 101.4% during the fourth quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after acquiring an additional 2,525,821 shares in the last quarter. Norges Bank purchased a new position in Workday in the 4th quarter worth approximately $448,804,000. Finally, First Eagle Investment Management LLC raised its holdings in Workday by 87.8% in the 4th quarter. First Eagle Investment Management LLC now owns 4,338,773 shares of the software maker’s stock worth $931,882,000 after acquiring an additional 2,028,085 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday reported fiscal Q2 revenue of $2.649 billion, up 12.8% year over year, while subscription revenue increased 13.9% to $2.471 billion. Adjusted EPS of $2.75 exceeded the $2.61 consensus estimate. Workday Announces Fiscal 2027 Second Quarter Financial Results
• Positive Sentiment: Profitability was a major bright spot: net income rose sharply to $632 million from $228 million a year earlier, and analysts cited subscription growth and expanding margins as reasons for increased price targets. WDAY Q2 Earnings Beat Estimates on Subscription Growth, Margin Gains
• Positive Sentiment: AI products accounted for more than one-quarter of new contract value, suggesting growing customer demand for Workday’s AI agents and supporting the company’s longer-term growth strategy. AI Products Accounted for More Than a Quarter of Workday’s New Q2 Contract Value
• Positive Sentiment: Workday authorized a substantial $4 billion share-repurchase program, potentially providing support for per-share results and signaling confidence in cash generation and valuation.
• Positive Sentiment: Several firms raised their targets after the report, including BMO Capital Markets and Needham to $230, KeyCorp to $215 and Monness to $218, with buy, overweight or outperform ratings.
• Neutral Sentiment: Analyst opinion remains divided. Some see AI momentum and margin expansion driving upside, while others believe the current valuation already reflects much of the improvement.
• Neutral Sentiment: Jim Cramer characterized the results as evidence that there is no broad SaaS-sector meltdown, supporting sentiment toward enterprise software stocks. Jim Cramer Says Workday Results Show No SaaS Meltdown in Sight
• Negative Sentiment: Workday’s fiscal 2027 revenue outlook of approximately $9.9 billion to $10.0 billion was below the roughly $10.7 billion analyst consensus, raising concerns about a potential slowdown and the risk of another guidance reduction. Workday’s outlook meets estimates despite AI demand
• Negative Sentiment: TD Cowen, Freedom Broker, Piper Sandler and DA Davidson maintained neutral or hold views, with targets ranging from $190 to $210—mostly indicating limited upside or downside from recent levels.

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.