Workday (NASDAQ:WDAY) Price Target Cut to $270.00 by Analysts at Oppenheimer

Key Points

• Analysts at Oppenheimer have reduced their price target for Workday's stock from $300.00 to $270.00, while maintaining an "outperform" rating.
• Workday's average rating is classified as "Moderate Buy," with a consensus target price of $290.56, reflecting a varied outlook among analysts with fourteen differing ratings.
• The company reported earnings of $2.21 per share for the last quarter, beating expectations and highlighting a revenue growth of 12.6% year-over-year.

Workday (NASDAQ:WDAY - Get Free Report) had its price objective lowered by equities researchers at Oppenheimer from $300.00 to $270.00 in a note issued to investors on Friday, Marketbeat reports. The firm currently has an "outperform" rating on the software maker's stock. Oppenheimer's target price would suggest a potential upside of 18.97% from the stock's current price.

WDAY has been the subject of a number of other reports. DA Davidson increased their price target on shares of Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Citigroup cut Workday from a "neutral" rating to a "mixed" rating in a research note on Friday, May 16th. Westpark Capital increased their price target on Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a report on Friday, May 23rd. Finally, UBS Group decreased their price objective on shares of Workday from $285.00 to $250.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $286.81.

Workday Trading Up 1.8%

Workday stock traded up $4.06 during trading on Friday, reaching $226.94. The company had a trading volume of 1,362,687 shares, compared to its average volume of 2,474,136. Workday has a 12-month low of $205.33 and a 12-month high of $294.00. The stock's 50 day moving average price is $231.55 and its two-hundred day moving average price is $241.76. The firm has a market capitalization of $60.59 billion, a price-to-earnings ratio of 105.15, a PEG 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.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities analysts expect that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the sale, the chief executive officer directly owned 1,472 shares in the company, valued at approximately $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the sale, the chief financial officer directly owned 178,418 shares of the company's stock, valued at $42,747,168.62. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 325,880 shares of company stock worth $78,449,679 over the last quarter. 20.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Workday

A number of large investors have recently added to or reduced their stakes in WDAY. Rakuten Securities Inc. bought a new position in Workday in the 2nd quarter valued at $25,000. Cornerstone Planning Group LLC increased its holdings in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after acquiring an additional 54 shares during the last quarter. Dagco Inc. acquired a new stake in Workday during the 1st quarter valued at $31,000. Berbice Capital Management LLC boosted its position in Workday by 136.4% during the second 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 period. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Workday during the 1st quarter worth about $32,000. 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.