Analysts’ Weekly Ratings Changes for Workday (WDAY)

Workday (NASDAQ: WDAY) recently received a number of ratings updates from brokerages and research firms:

• 2/27/2025 – Workday had its price target raised by analysts at Scotiabank from $340.00 to $355.00. They now have a “sector outperform” rating on the stock.
• 2/27/2025 – Workday had its price target raised by analysts at BMO Capital Markets from $300.00 to $314.00. They now have an “outperform” rating on the stock.
• 2/26/2025 – Workday had its price target raised by analysts at JPMorgan Chase & Co. from $285.00 to $310.00. They now have an “overweight” rating on the stock.
• 2/26/2025 – Workday had its price target raised by analysts at Wells Fargo & Company from $330.00 to $360.00. They now have an “overweight” rating on the stock.
• 2/26/2025 – Workday had its price target raised by analysts at KeyCorp from $305.00 to $335.00. They now have an “overweight” rating on the stock.
• 2/26/2025 – Workday had its price target raised by analysts at Royal Bank of Canada from $320.00 to $340.00. They now have an “outperform” rating on the stock.
• 2/26/2025 – Workday had its price target raised by analysts at Oppenheimer Holdings Inc. from $300.00 to $320.00. They now have an “outperform” rating on the stock.
• 2/26/2025 – Workday had its price target raised by analysts at UBS Group AG from $255.00 to $285.00. They now have a “neutral” rating on the stock.
• 2/26/2025 – Workday had its “neutral” rating reaffirmed by analysts at Guggenheim.
• 2/26/2025 – Workday had its price target raised by analysts at Piper Sandler from $270.00 to $290.00. They now have a “neutral” rating on the stock.
• 2/26/2025 – Workday had its price target raised by analysts at Stifel Nicolaus from $270.00 to $310.00. They now have a “hold” rating on the stock.
• 2/26/2025 – Workday had its price target raised by analysts at Canaccord Genuity Group Inc. from $300.00 to $330.00. They now have a “buy” rating on the stock.
• 2/26/2025 – Workday had its price target raised by analysts at The Goldman Sachs Group, Inc. from $310.00 to $345.00. They now have a “buy” rating on the stock.
• 2/26/2025 – Workday had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $300.00 price target on the stock.
• 2/19/2025 – Workday is now covered by analysts at Redburn Atlantic. They set a “neutral” rating on the stock.
• 2/19/2025 – Workday had its price target raised by analysts at Loop Capital from $242.00 to $260.00. They now have a “hold” rating on the stock.
• 2/19/2025 – Workday was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $275.00 price target on the stock, down previously from $330.00.
• 2/14/2025 – Workday was upgraded by analysts at BNP Paribas to a “strong-buy” rating.
• 2/6/2025 – Workday had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $315.00 price target on the stock.
• 2/6/2025 – Workday had its price target raised by analysts at The Goldman Sachs Group, Inc. from $300.00 to $310.00. They now have a “buy” rating on the stock.
• 2/6/2025 – Workday had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $300.00 price target on the stock.
• 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.

Workday Price Performance

Shares of WDAY opened at $253.63 on Wednesday. Workday, Inc. has a twelve month low of $199.81 and a twelve month high of $294.00. The stock’s 50 day moving average is $259.17 and its two-hundred day moving average is $255.46. The firm has a market capitalization of $67.47 billion, a PE ratio of 42.06, a P/E/G ratio of 3.55 and a beta of 1.35. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing the consensus estimate of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 472 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $248.24, for a total value of $117,169.28. Following the sale, the chief accounting officer now owns 35,408 shares in the company, valued at approximately $8,789,681.92. This trade represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David A. Duffield sold 57,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $275.31, for a total transaction of $15,692,670.00. Following the completion of the sale, the insider now owns 284,000 shares in the company, valued at $78,188,040. The trade was a 16.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 369,374 shares of company stock worth $95,786,918. Insiders own 20.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Roxbury Financial LLC purchased a new position in Workday during the 4th quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new position in Workday during the 3rd quarter worth $26,000. Crews Bank & Trust acquired a new position in Workday during the 4th quarter worth $26,000. Avion Wealth lifted its position in Workday by 452.6% during the 4th quarter. Avion Wealth now owns 105 shares of the software maker’s stock worth $27,000 after acquiring an additional 86 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Workday by 42.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 145 shares of the software maker’s stock worth $35,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

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.