Workday, Inc. (NASDAQ:WDAY) Receives $287.83 Average PT from Analysts

Workday, Inc. (NASDAQ:WDAY) has received a consensus recommendation of “Moderate Buy” from the thirty-five analysts that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation, twenty-three have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $287.8276.

WDAY has been the topic of a number of analyst reports. UBS Group set a $304.00 price target on Workday in a research note on Friday, August 22nd. KeyCorp decreased 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. Zacks Research upgraded shares of Workday from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th.

Insider Buying and Selling at Workday

In related news, Director Michael M. Mcnamara sold 5,393 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the sale, the director owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. This trade represents a 18.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Zane Rowe sold 6,000 shares of the firm’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 sale, the chief financial officer owned 168,468 shares in the company, valued at approximately $39,189,026.16. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,933 shares of company stock worth $61,475,760 in the last three months. 19.31% of the stock is owned by insiders.

Institutional Trading of Workday

A number of institutional investors have recently made changes to their positions in WDAY. Rakuten Securities Inc. bought a new position in Workday in the second quarter valued at $25,000. Cornerstone Planning Group LLC increased its stake in Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after buying an additional 54 shares during the last quarter. Dagco Inc. acquired a new stake in Workday in the 1st quarter valued at $31,000. Berbice Capital Management LLC increased its stake in Workday by 136.4% in the 2nd 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. Finally, Farmers & Merchants Investments Inc. acquired a new stake in Workday in the 1st quarter valued at $32,000. Institutional investors own 89.81% of the company’s stock.

Workday Stock Down 1.0%

Shares of WDAY opened at $234.76 on Friday. The business’s fifty day moving average price is $230.93 and its two-hundred day moving average price is $236.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market capitalization of $62.68 billion, a price-to-earnings ratio of 108.69, a PEG ratio of 2.96 and a beta of 1.10. Workday has a 52 week low of $205.33 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY) last posted 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. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, analysts predict that Workday will post 2.63 earnings per share for the current year.

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.