Workday's (WDAY) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for Workday (WDAY), amidst mixed reviews from other analysts, including upgrades and adjustments in price targets.
• Workday's stock recently traded at $242.70, reflecting a market capitalization of $64.80 billion, with a 12-month trading range between $205.33 and $294.00.
• Insider activity saw major shareholder David A. Duffield sell 75,053 shares, resulting in a significant 42.15% decrease in his ownership of Workday stock.

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

Other equities analysts also recently issued research reports about the company. Zacks Research upgraded Workday from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 18th. KeyCorp dropped their price objective on Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. BMO Capital Markets dropped their price objective on Workday from $314.00 to $285.00 and set an "outperform" rating on the stock in a research note on Friday, August 22nd. Wells Fargo & Company dropped their price objective on Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Finally, Barclays upped their price objective on Workday from $285.00 to $288.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $287.83.

Workday Stock Performance

Shares of NASDAQ WDAY traded down $0.58 during midday trading on Friday, reaching $242.70. The company's stock had a trading volume of 563,683 shares, compared to its average volume of 2,581,356. Workday has a 12-month low of $205.33 and a 12-month high of $294.00. The firm has a 50 day moving average price of $233.30 and a 200-day moving average price of $237.28. The stock has a market capitalization of $64.80 billion, a P/E ratio of 112.36, a PEG ratio of 3.03 and a beta of 1.10. 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 (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the business earned $1.75 EPS. The company'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. As a group, equities analysts predict that Workday will post 2.63 earnings per share for the current year.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 75,053 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the sale, the insider owned 102,997 shares in the company, valued at $24,342,310.98. This represents a 42.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael M. Mcnamara sold 5,393 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the completion of the sale, the director owned 24,078 shares in the company, valued at $5,662,182.48. This trade represents a 18.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,933 shares of company stock valued at $61,475,760. 19.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Workday

A number of institutional investors and hedge funds have recently made changes to their positions in WDAY. Chicago Capital LLC raised its position in Workday by 2.2% during the second quarter. Chicago Capital LLC now owns 175,802 shares of the software maker's stock valued at $42,193,000 after purchasing an additional 3,824 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Workday by 33.8% during the first quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker's stock valued at $7,486,000 after purchasing an additional 8,093 shares in the last quarter. State of Alaska Department of Revenue raised its position in Workday by 21.1% during the second quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker's stock valued at $7,288,000 after purchasing an additional 5,300 shares in the last quarter. LBP AM SA raised its position in Workday by 23.4% during the second quarter. LBP AM SA now owns 50,676 shares of the software maker's stock valued at $12,162,000 after purchasing an additional 9,606 shares in the last quarter. Finally, One Degree Advisors Inc purchased a new stake in Workday during the second quarter valued at about $369,000. Hedge funds and other 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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