Workday (NASDAQ:WDAY) Given New $285.00 Price Target at KeyCorp

Key Points

• Workday's price target was lowered by KeyCorp from $325.00 to $285.00, while maintaining an "overweight" rating, indicating a potential upside of 25.23% from the current stock price.
• Other analysts have also revised their price targets, with Oppenheimer lowering theirs to $270.00, and several firms like Morgan Stanley and Stifel Nicolaus giving targets between $250.00 to $275.00.
• Despite the price adjustments, Workday has a consensus rating of "Moderate Buy" and a projected EPS of 2.63 for the current fiscal year.

Workday (NASDAQ:WDAY - Get Free Report) had its price objective lowered by analysts at KeyCorp from $325.00 to $285.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the software maker's stock. KeyCorp's price target points to a potential upside of 25.23% from the stock's current price.

A number of other equities analysts also recently commented on WDAY. Oppenheimer reduced their price objective on shares of Workday from $300.00 to $270.00 and set an "outperform" rating for the company in a research note on Friday. Morgan Stanley set a $255.00 price target on Workday and gave the company an "equal weight" rating in a report on Friday, May 23rd. Stifel Nicolaus decreased their price objective on Workday from $310.00 to $275.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. Bank of America dropped their price objective on Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Loop Capital reduced their target price on shares of Workday from $285.00 to $250.00 and set a "hold" rating for the company in a report on Friday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $288.96.

Workday Stock Performance

WDAY stock opened at $227.58 on Friday. Workday has a 1-year low of $205.33 and a 1-year high of $294.00. The business has a 50-day moving average price of $232.85 and a 200 day moving average price of $242.98. The company has a market capitalization of $60.76 billion, a P/E ratio of 125.73, a PEG ratio of 3.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.12. Workday had a net margin of 5.60% and a return on equity of 8.00%. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the firm posted $1.75 EPS. The company's revenue for the quarter 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, equities research analysts forecast that Workday will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other news, CAO Mark S. Garfield sold 451 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the transaction, the chief accounting officer owned 42,977 shares in the company, valued at $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the transaction, the director directly owned 67,500 shares of the company's stock, valued at $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. In the last three months, insiders have sold 329,005 shares of company stock valued at $79,203,523. Insiders own 19.31% of the company's stock.

Hedge Funds Weigh In On Workday

Hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in Workday during the 2nd quarter valued at about $25,000. Cornerstone Planning Group LLC lifted its holdings in shares of Workday by 76.1% during the first 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 period. Berbice Capital Management LLC boosted its position in Workday by 136.4% in the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker's stock valued at $31,000 after buying an additional 75 shares during the last quarter. Dagco Inc. acquired a new position in Workday in the 1st quarter worth approximately $31,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in Workday during the 1st quarter worth approximately $32,000. 89.81% of the stock is owned by institutional investors and hedge funds.

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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