Workday (NASDAQ:WDAY) Cut to “In-Line” at Evercore

Evercore lowered shares of Workday (NASDAQ:WDAY) from an outperform rating to an in-line rating in a research note released on Wednesday morning, MarketBeat Ratings reports. They currently have $160.00 target price on the software maker’s stock.

A number of other research firms have also recently weighed in on WDAY. Loop Capital set a $280.00 target price on shares of Workday in a research note on Wednesday, December 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $200.00 target price on shares of Workday in a research report on Monday. Royal Bank Of Canada decreased their price objective on Workday from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. UBS Group cut their price target on shares of Workday from $240.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of Workday in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, Workday currently has a consensus rating of “Moderate Buy” and an average target price of $205.19.

Workday Trading Down 3.8%

WDAY opened at $133.76 on Wednesday. Workday has a 1-year low of $117.76 and a 1-year high of $276.00. The company has a fifty day moving average price of $179.53 and a two-hundred day moving average price of $211.88. The company has a current ratio of 1.32, a quick ratio of 1.83 and a debt-to-equity ratio of 0.38. The company has a market cap of $35.18 billion, a P/E ratio of 51.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.13.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. Workday’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 EPS. Analysts predict that Workday will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In other Workday news, insider Gerrit S. Kazmaier sold 3,759 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $208.73, for a total transaction of $784,616.07. Following the completion of the transaction, the insider owned 105,167 shares in the company, valued at $21,951,507.91. This trade represents a 3.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard Harry Sauer sold 1,130 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total transaction of $237,300.00. Following the transaction, the insider owned 85,398 shares of the company’s stock, valued at $17,933,580. This trade represents a 1.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 370,321 shares of company stock worth $78,866,401 in the last three months. Corporate insiders own 19.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in shares of Workday during the second quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Workday during the 3rd quarter worth $26,000. DT Investment Partners LLC purchased a new stake in Workday during the 4th quarter worth approximately $27,000. LRI Investments LLC purchased a new stake in Workday during the 4th quarter valued at about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Workday in the third quarter worth $30,000. Institutional investors own 89.81% of the company’s stock.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Insperity partnership expands Workday into the SMB market with the general availability of Insperity HRScale, pairing Workday HCM with outsourced HR services — a tangible route to new recurring revenue and smaller-account penetration. Workday And Insperity Target SMB Growth With New HRScale Partnership
• Positive Sentiment: Healthcare integrations: Kahuna and Skillcentrix will bring clinically validated skills data into Workday for frontline healthcare workforces, strengthening industry-specific stickiness and compliance value of the platform. Kahuna and Skillcentrix Partner to Bring Trusted, Clinically Validated Skills Data into Workday
• Positive Sentiment: Bullish coverage and buyback/institutional support arguments note solid Q4 execution (revenue and EPS beat, margin expansion) and argue the pullback presents a long-term buying opportunity. Workday, Seriously, It’s Time to Buy This SaaS Leader
• Neutral Sentiment: Q4 results mixed: revenue and EPS topped expectations and margins improved, but management issued softer near-term guidance (2027), creating uncertainty around growth cadence despite operating leverage. Workday (WDAY) Is Down 9.0% After Softer 2027 Outlook and CEO Shift Back to Co-Founder
• Neutral Sentiment: Analyst reactions are mixed — some firms raised or maintained Buy ratings and raised targets, while many cut price targets after the guidance miss; that spread increases short-term volatility as investors sort the outlook. Workday Given New $206.00 Price Target at The Goldman Sachs Group
• Negative Sentiment: Significant analyst downgrades and price-target cuts (e.g., DA Davidson to $125, Citi cut to $148, UBS to $130 and multiple others) have pressured the stock and triggered a gap down in early trading. Workday price target lowered to $125 from $250 at DA Davidson
• Negative Sentiment: Macro/sector risk: renewed AI-selloff and skepticism about how AI will reshape enterprise software have depressed valuation multiples across SaaS names and increased investor risk aversion for names like Workday. Commentary from high?profile commentators has added to the negative sentiment. Will AI Kill Software? Fear Creeps Beyond ‘Saaspocalypse,’ Hits IBM, DoorDash
• Negative Sentiment: Market reaction driven by guidance cut and executive leadership change (co?founder Aneel Bhusri returning as CEO) increased uncertainty and likely accelerated selling pressure. Workday Retreats As Fiscal 2027 Guidance Falls Short Amid CEO’s Return

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.