Workday (NASDAQ:WDAY – Free Report) had its price target upped by DA Davidson from $135.00 to $190.00 in a research report released on Friday, Marketbeat.com reports. DA Davidson currently has a neutral rating on the software maker’s stock.
Several other research analysts have also recently weighed in on the stock. Sanford C. Bernstein upped their price objective on shares of Workday from $216.00 to $238.00 and gave the stock an “outperform” rating in a research report on Friday. Wolfe Research reiterated an “outperform” rating and set a $160.00 target price on shares of Workday in a research report on Friday, May 22nd. Guggenheim reissued a “buy” rating and issued a $275.00 price target on shares of Workday in a research note on Friday, August 21st. Wall Street Zen lowered shares of Workday from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Bank of America raised their price objective on shares of Workday from $140.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Twenty research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $206.00.
View Our Latest Stock Report on WDAY
Workday Price Performance
Workday (NASDAQ:WDAY – Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.14. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.21 EPS. On average, research analysts forecast that Workday will post 5.39 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Robert Enslin sold 5,374 shares of Workday stock in a transaction on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total value of $724,952.60. Following the transaction, the insider owned 239,469 shares in the company, valued at $32,304,368.10. This trade represents a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $122.04, for a total transaction of $13,119,300.00. Following the completion of the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $12,820,179.96. This represents a 50.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 875,020 shares of company stock worth $113,938,503 in the last 90 days. 18.64% of the stock is owned by company insiders.
Institutional Investors Weigh In On Workday
Several institutional investors have recently bought and sold shares of WDAY. Strategic Investment Advisors MI raised its stake in shares of Workday by 1.6% during the second quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock valued at $777,000 after acquiring an additional 50 shares during the last quarter. L2 Asset Management LLC grew its stake in shares of Workday by 7.8% in the fourth quarter. L2 Asset Management LLC now owns 1,079 shares of the software maker’s stock worth $232,000 after purchasing an additional 78 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Workday by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,798 shares of the software maker’s stock worth $5,326,000 after purchasing an additional 80 shares during the last quarter. Stevens Capital Management LP increased its holdings in Workday by 4.3% during the 4th quarter. Stevens Capital Management LP now owns 2,054 shares of the software maker’s stock valued at $441,000 after purchasing an additional 84 shares during the period. Finally, Colonial Trust Co SC increased its holdings in Workday by 45.8% during the 4th quarter. Colonial Trust Co SC now owns 280 shares of the software maker’s stock valued at $60,000 after purchasing an additional 88 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.
More Workday News
Here are the key news stories impacting Workday this week:
- Positive Sentiment: Workday reported fiscal Q2 revenue of $2.649 billion, up 12.8% year over year, while subscription revenue increased 13.9% to $2.471 billion. Adjusted EPS of $2.75 exceeded the $2.61 consensus estimate. Workday Announces Fiscal 2027 Second Quarter Financial Results
- Positive Sentiment: Profitability was a major bright spot: net income rose sharply to $632 million from $228 million a year earlier, and analysts cited subscription growth and expanding margins as reasons for increased price targets. WDAY Q2 Earnings Beat Estimates on Subscription Growth, Margin Gains
- Positive Sentiment: AI products accounted for more than one-quarter of new contract value, suggesting growing customer demand for Workday’s AI agents and supporting the company’s longer-term growth strategy. AI Products Accounted for More Than a Quarter of Workday’s New Q2 Contract Value
- Positive Sentiment: Workday authorized a substantial $4 billion share-repurchase program, potentially providing support for per-share results and signaling confidence in cash generation and valuation.
- Positive Sentiment: Several firms raised their targets after the report, including BMO Capital Markets and Needham to $230, KeyCorp to $215 and Monness to $218, with buy, overweight or outperform ratings.
- Neutral Sentiment: Analyst opinion remains divided. Some see AI momentum and margin expansion driving upside, while others believe the current valuation already reflects much of the improvement.
- Neutral Sentiment: Jim Cramer characterized the results as evidence that there is no broad SaaS-sector meltdown, supporting sentiment toward enterprise software stocks. Jim Cramer Says Workday Results Show No SaaS Meltdown in Sight
- Negative Sentiment: Workday’s fiscal 2027 revenue outlook of approximately $9.9 billion to $10.0 billion was below the roughly $10.7 billion analyst consensus, raising concerns about a potential slowdown and the risk of another guidance reduction. Workday’s outlook meets estimates despite AI demand
- Negative Sentiment: TD Cowen, Freedom Broker, Piper Sandler and DA Davidson maintained neutral or hold views, with targets ranging from $190 to $210—mostly indicating limited upside or downside from recent levels.
Workday Company Profile
Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.
The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.
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