Research Analysts’ Recent Ratings Updates for Workday (WDAY)

A number of firms have modified their ratings and price targets on shares of Workday (NASDAQ: WDAY) recently:

• 1/16/2025 – Workday had its price target lowered by analysts at Citigroup Inc. from $287.00 to $270.00. They now have a “neutral” rating on the stock.
• 1/13/2025 – Workday was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/8/2025 – Workday was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating. They now have a $300.00 price target on the stock, up previously from $265.00.
• 1/6/2025 – Workday was upgraded by analysts at Guggenheim from a “sell” rating to a “neutral” rating.
• 1/6/2025 – Workday was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/31/2024 – Workday was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/24/2024 – Workday was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/18/2024 – Workday had its price target raised by analysts at Royal Bank of Canada from $300.00 to $320.00. They now have an “outperform” rating on the stock.
• 12/13/2024 – Workday had its price target raised by analysts at Mizuho from $280.00 to $320.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – Workday had its price target raised by analysts at Wells Fargo & Company from $300.00 to $330.00. They now have an “overweight” rating on the stock.
• 12/4/2024 – Workday was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/3/2024 – Workday had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $300.00 price target on the stock.
• 11/28/2024 – Workday was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/27/2024 – Workday had its price target raised by analysts at Morgan Stanley from $315.00 to $330.00. They now have an “overweight” rating on the stock.
• 11/27/2024 – Workday had its price target lowered by analysts at Barclays PLC from $314.00 to $305.00. They now have an “overweight” rating on the stock.
• 11/27/2024 – Workday had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $270.00 price target on the stock, down previously from $285.00.
• 11/27/2024 – Workday had its price target lowered by analysts at Loop Capital from $270.00 to $242.00. They now have a “hold” rating on the stock.
• 11/27/2024 – Workday had its price target lowered by analysts at Bank of America Co. from $310.00 to $285.00. They now have a “buy” rating on the stock.
• 11/25/2024 – Workday had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $300.00 price target on the stock.

Workday Trading Up 1.1 %

NASDAQ WDAY opened at $253.48 on Thursday. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. The stock has a market cap of $67.43 billion, a PE ratio of 42.04, a PEG ratio of 4.53 and a beta of 1.34. The company’s 50-day moving average price is $261.72 and its 200-day moving average price is $247.27. Workday, Inc. has a 12 month low of $199.81 and a 12 month high of $311.28.

Workday (NASDAQ:WDAY) last announced its earnings results on Tuesday, November 26th. The software maker reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.13. Workday had a return on equity of 6.13% and a net margin of 19.86%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned $0.47 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity at Workday

In other Workday news, Director Wayne A.I. Frederick sold 1,829 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $253.09, for a total transaction of $462,901.61. Following the transaction, the director now directly owns 6,845 shares of the company’s stock, valued at approximately $1,732,401.05. This trade represents a 21.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sayan Chakraborty sold 5,498 shares of Workday stock in a transaction on Friday, November 29th. The shares were sold at an average price of $250.78, for a total transaction of $1,378,788.44. Following the completion of the transaction, the insider now owns 121,100 shares in the company, valued at approximately $30,369,458. This trade represents a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 438,819 shares of company stock valued at $113,142,592. 20.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BSW Wealth Partners acquired a new position in Workday in the 4th quarter valued at approximately $200,000. YHB Investment Advisors Inc. increased its stake in shares of Workday by 42.4% in the 4th quarter. YHB Investment Advisors Inc. now owns 4,206 shares of the software maker’s stock valued at $1,085,000 after acquiring an additional 1,252 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Workday by 230.4% in the 4th quarter. Pacer Advisors Inc. now owns 45,640 shares of the software maker’s stock valued at $11,776,000 after acquiring an additional 31,826 shares during the period. KBC Group NV boosted its stake in Workday by 340.3% during the 4th quarter. KBC Group NV now owns 655,733 shares of the software maker’s stock worth $169,199,000 after acquiring an additional 506,812 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in Workday in the fourth quarter valued at approximately $8,984,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

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.