KeyCorp Issues Positive Forecast for Workday (NASDAQ:WDAY) Stock Price

Workday (NASDAQ:WDAY) had its price target upped by stock analysts at KeyCorp from $158.00 to $215.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the software maker’s stock. KeyCorp’s price objective points to a potential upside of 11.07% from the stock’s current price.

A number of other equities research analysts also recently commented on WDAY. Needham & Company LLC raised their target price on Workday from $180.00 to $230.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Workday in a report on Friday, May 22nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Workday in a research note on Friday. Lake Street Capital set a $205.00 price objective on shares of Workday in a report on Friday, August 14th. Finally, Piper Sandler upped their target price on shares of Workday from $145.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday. Twenty analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $198.86.

Workday Stock Performance

Shares of WDAY opened at $193.57 on Friday. Workday has a 1 year low of $110.36 and a 1 year high of $249.85. The stock has a market capitalization of $47.81 billion, a P/E ratio of 60.49, a P/E/G ratio of 2.03 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The company’s fifty day moving average is $155.95 and its two-hundred day moving average is $140.36.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a net margin of 8.60% and a return on equity of 14.75%. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same period in the prior year, the company posted $2.21 earnings per share. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, sell-side analysts predict that Workday will post 5.38 earnings per share for the current year.

Insider Transactions at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total value of $862,200.00. Following the sale, the chief financial officer directly owned 288,460 shares in the company, valued at $41,451,702. The trade was a 2.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock in a transaction dated Tuesday, June 30th. The shares were 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 in the company, valued at approximately $12,820,179.96. The trade was a 50.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 875,020 shares of company stock valued at $113,938,503 in the last 90 days. 18.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Workday

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rakuten Securities Inc. acquired a new stake in Workday during the 2nd quarter valued at $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday during the third quarter valued at $26,000. DT Investment Partners LLC acquired a new stake in shares of Workday during the fourth quarter valued at $27,000. LRI Investments LLC purchased a new stake in Workday during the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new position in Workday in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday reported fiscal Q2 adjusted EPS of $2.75, above the roughly $2.61–$2.62 consensus, while revenue reached $2.649 billion, slightly exceeding estimates and increasing 12.8% year over year. Workday Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Subscription revenue climbed 13.9% to $2.471 billion. Management also said AI-related offerings represented more than 25% of new contract value, reinforcing the company’s positioning in enterprise AI for HR, finance and IT. Workday Fiscal 2027 Second-Quarter Results
• Positive Sentiment: Profitability was a major strength: net income reportedly rose to $632 million from $228 million a year earlier, while operating profit increased 26.2%. Workday also authorized an additional $4 billion share repurchase, which could support per-share results and signal confidence in cash generation. Workday Reports Higher Profit and Revenue
• Positive Sentiment: Canaccord Genuity raised its price target to $225, adding to bullish sentiment following the earnings beat. Canaccord Raises Workday Price Target
• Neutral Sentiment: Management’s outlook broadly met expectations and targets at least two points of non-GAAP margin expansion, but investors are watching whether AI adoption can offset slower growth in the coming years. Workday Signals Future Growth and Margin Targets
• Negative Sentiment: Workday’s projected subscription-revenue growth near 11% for fiscal 2028 implies continued deceleration from current levels, raising valuation concerns for a stock trading at a premium earnings multiple. Workday Outlook Despite AI Demand
• Negative Sentiment: Recent insider activity was heavily weighted toward selling, including substantial sales by founder David Duffield. While such transactions may be planned, they can weigh on investor sentiment.

About Workday

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.