Workday (NASDAQ:WDAY) Given New $250.00 Price Target at DA Davidson

Workday (NASDAQ:WDAY - Get Free Report) had its price target increased by equities research analysts at DA Davidson from $230.00 to $250.00 in a report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the software maker's stock. DA Davidson's target price would indicate a potential upside of 4.43% from the company's previous close. DA Davidson also issued estimates for Workday's Q2 2026 earnings at $0.93 EPS.

Several other equities analysts have also weighed in on WDAY. Piper Sandler restated a "neutral" rating and set a $255.00 price target (up previously from $230.00) on shares of Workday in a research report on Friday, May 23rd. Needham & Company LLC restated a "buy" rating and set a $300.00 price target on shares of Workday in a research note on Wednesday, May 21st. Stifel Nicolaus upped their price objective on Workday from $270.00 to $310.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. KeyCorp increased their price objective on Workday from $305.00 to $335.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Finally, Morgan Stanley lowered their target price on Workday from $275.00 to $250.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Nine analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $293.54.

Workday Stock Up 0.0%

Shares of NASDAQ WDAY traded up $0.09 during trading on Friday, hitting $239.39. The stock had a trading volume of 1,310,791 shares, compared to its average volume of 2,547,153. The firm has a fifty day moving average of $242.06 and a two-hundred day moving average of $253.96. The company has a market capitalization of $63.68 billion, a PE ratio of 39.68, a PEG ratio of 3.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday has a 12 month low of $199.81 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The software maker reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.22. The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.22 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $1.74 earnings per share. As a group, equities research analysts forecast that Workday will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 66,455 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $259.52, for a total transaction of $17,246,401.60. Following the completion of the sale, the insider now owns 102,997 shares of the company's stock, valued at $26,729,781.44. The trade was a 39.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sayan Chakraborty sold 6,056 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $265.50, for a total value of $1,607,868.00. Following the transaction, the insider now owns 111,324 shares of the company's stock, valued at approximately $29,556,522. This trade represents a 5.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 321,724 shares of company stock valued at $77,976,126. 20.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in WDAY. Vanguard Group Inc. boosted its holdings in shares of Workday by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker's stock worth $4,810,404,000 after purchasing an additional 455,855 shares during the period. Geode Capital Management LLC boosted its holdings in Workday by 61.9% in the fourth quarter. Geode Capital Management LLC now owns 4,637,387 shares of the software maker's stock worth $1,193,105,000 after acquiring an additional 1,772,223 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Workday by 47.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock worth $879,147,000 after acquiring an additional 1,211,659 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Workday by 0.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker's stock worth $872,610,000 after acquiring an additional 14,354 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Workday by 60.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock worth $960,454,000 after acquiring an additional 1,406,088 shares during the period. Hedge funds and other 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.