Workday, Inc. (NASDAQ:WDAY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Workday, Inc. has received an average recommendation of "Moderate Buy" from 28 analysts, with a price objective of $292.92.
• Recent insider transactions included CEO Carl M. Eschenbach selling 6,250 shares and CAO Mark S. Garfield selling 451 shares of Workday stock.
• In the previous quarter, Workday reported a revenue increase of 12.6% year-over-year, achieving $2.35 billion compared to analyst estimates of $2.34 billion.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirty analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $286.8077.

WDAY has been the subject of several analyst reports. Citigroup reduced their price target on shares of Workday from $279.00 to $260.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. Guggenheim reissued a "neutral" rating on shares of Workday in a report on Friday, August 22nd. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. KeyCorp reduced their price objective on shares of Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Cantor Fitzgerald set a $265.00 target price on shares of Workday in a research report on Thursday, August 14th.

Workday Stock Performance

Shares of WDAY traded up $6.83 during midday trading on Friday, hitting $229.71. 3,453,902 shares of the stock traded hands, compared to its average volume of 4,047,899. Workday has a 1-year low of $205.33 and a 1-year high of $294.00. The firm has a market capitalization of $61.33 billion, a PE ratio of 106.35, a price-to-earnings-growth ratio of 3.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.10. The business's 50 day moving average price is $231.40 and its two-hundred day moving average price is $241.68.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company posted $1.75 earnings per share. The company's revenue for the quarter 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. Equities research analysts predict that Workday will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 73,971 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the sale, the insider owned 102,997 shares of the company's stock, valued at $24,581,264.02. The trade was a 41.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total value of $1,863,075.00. Following the transaction, the director directly owned 67,500 shares of the company's stock, valued at approximately $16,767,675. The trade was a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 325,880 shares of company stock valued at $78,449,679. 19.31% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Workday

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. acquired a new position in shares of Workday in the 2nd quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its stake in shares of 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 last quarter. Dagco Inc. acquired a new position in shares of Workday in the 1st quarter worth approximately $31,000. Berbice Capital Management LLC grew its stake in shares of 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 last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of Workday in the 1st quarter worth approximately $32,000. 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.