Weiss Ratings Reiterates Hold (C) Rating for Workday (NASDAQ:WDAY)

Key Points

• Weiss Ratings has reiterated a hold (C) rating on Workday (NASDAQ: WDAY), while other firms have given varying ratings, with some raising it to buy.
• Workday's share price rose by 1.8% on recent trading, reaching $237.41, with a market capitalization of approximately $63.39 billion.
• Insider selling was observed, including CEO Carl M. Eschenbach and CFO Zane Rowe, who both sold significant shares, indicating a decrease in ownership percentages.

Workday (NASDAQ:WDAY - Get Free Report)'s stock had its "hold (c)" rating restated by research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other research firms also recently commented on WDAY. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. UBS Group set a $304.00 target price on shares of Workday in a research report on Friday, August 22nd. Cantor Fitzgerald reissued an "overweight" rating and issued a $265.00 target price on shares of Workday in a research report on Wednesday, September 17th. Wells Fargo & Company decreased their target price on shares of Workday from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Finally, Guggenheim raised shares of Workday from a "neutral" rating to a "buy" rating and set a $285.00 target price for the company in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $287.83.

Workday Trading Up 1.8%

Shares of WDAY stock traded up $4.24 during trading hours on Wednesday, reaching $237.41. 1,269,227 shares of the stock traded hands, compared to its average volume of 2,624,154. Workday has a 1-year low of $205.33 and a 1-year high of $294.00. The business has a fifty day moving average price of $229.94 and a 200 day moving average price of $237.18. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $63.39 billion, a PE ratio of 109.91, a PEG ratio of 2.97 and a beta of 1.10.

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

Insider Buying and Selling

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $237.52, for a total value of $1,484,500.00. Following the completion of the sale, the chief executive officer owned 20,222 shares of the company's stock, valued at approximately $4,803,129.44. The trade was a 23.61% 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, CFO Zane Rowe sold 6,000 shares of the company's stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the sale, the chief financial officer directly owned 168,468 shares of the company's stock, valued at $39,189,026.16. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 183,023 shares of company stock valued at $42,117,830 in the last 90 days. 20.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Workday

Large investors have recently bought and sold shares of the stock. Nuveen LLC bought a new stake in Workday in the 1st quarter valued at about $456,341,000. Norges Bank bought a new position in shares of Workday during the second quarter valued at approximately $442,702,000. T. Rowe Price Investment Management Inc. grew its stake in Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock worth $879,147,000 after purchasing an additional 1,211,659 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock worth $812,475,000 after acquiring an additional 913,613 shares during the last quarter. Finally, Generation Investment Management LLP grew its stake in shares of Workday by 36.6% in the first quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker's stock worth $678,117,000 after acquiring an additional 778,301 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

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.

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