Workday, Inc. (NASDAQ:WDAY) Given Consensus Rating of "Moderate Buy" by Brokerages

Workday, Inc. (NASDAQ:WDAY - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirty-five brokerages that are presently covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $287.8276.

A number of research analysts have weighed in on the stock. Zacks Research raised shares of Workday from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 18th. JPMorgan Chase & Co. cut their price target on shares of Workday from $295.00 to $290.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $304.00 price target on shares of Workday in a research note on Friday, August 22nd. BMO Capital Markets cut their price target on shares of Workday from $314.00 to $285.00 and set an "outperform" rating on the stock in a research note on Friday, August 22nd. Finally, Oppenheimer cut their price target on shares of Workday from $300.00 to $270.00 and set an "outperform" rating on the stock in a research note on Friday, August 22nd.

Workday Stock Down 2.1%

Workday stock opened at $233.18 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. Workday has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The company's 50 day simple moving average is $230.35 and its 200 day simple moving average is $236.97. The firm has a market capitalization of $62.26 billion, a price-to-earnings ratio of 107.95, a PEG ratio of 2.97 and a beta of 1.10.

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 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 firm 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 firm posted $1.75 earnings per share. The business's revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts anticipate that Workday will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In other news, insider Richard Harry Sauer sold 2,320 shares of the business's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the sale, the insider owned 90,077 shares of the company's stock, valued at $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 168,468 shares in the company, valued at approximately $39,189,026.16. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 257,625 shares of company stock worth $59,749,934. Company insiders own 19.31% of the company's stock.

Institutional Trading of Workday

A number of institutional investors have recently made changes to their positions in the business. Private Trust Co. NA increased its holdings in Workday by 15.2% during the first quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock worth $74,000 after buying an additional 42 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Workday by 1.0% during the second quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker's stock worth $1,051,000 after buying an additional 45 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Workday by 15.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock worth $82,000 after buying an additional 46 shares during the last quarter. AE Wealth Management LLC increased its holdings in Workday by 0.4% during the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker's stock worth $2,778,000 after buying an additional 46 shares during the last quarter. Finally, Bristlecone Advisors LLC increased its holdings in Workday by 1.6% during the first quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker's stock worth $693,000 after buying an additional 47 shares during the last quarter. 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.

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