Workday’s (WDAY) Buy Rating Reiterated at Guggenheim

Workday (NASDAQ:WDAY)‘s stock had its “buy” rating restated by Guggenheim in a research note issued on Wednesday,Benzinga reports. They presently have a $285.00 price target on the software maker’s stock. Guggenheim’s target price indicates a potential upside of 99.45% from the stock’s current price.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. cut their target price on Workday from $290.00 to $270.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Needham & Company LLC restated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Thursday, February 5th. Citigroup reduced their price objective on Workday from $261.00 to $247.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 26th. Barclays cut their price target on shares of Workday from $280.00 to $275.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft set a $190.00 price objective on shares of Workday in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $255.90.

Workday Trading Down 0.2%

Shares of NASDAQ WDAY traded down $0.23 on Wednesday, reaching $142.90. 761,429 shares of the company traded hands, compared to its average volume of 4,188,594. The stock has a market capitalization of $37.58 billion, a PE ratio of 60.03, a P/E/G ratio of 1.23 and a beta of 1.13. Workday has a fifty-two week low of $139.38 and a fifty-two week high of $281.00. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $192.91 and a 200 day moving average of $216.63.

Workday (NASDAQ:WDAY) last released its earnings results on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.15. The firm had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. Workday’s revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.89 earnings per share. On average, equities research analysts forecast that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In related news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the sale, the chief financial officer owned 159,158 shares of the company’s stock, valued at $33,224,232.50. The trade was a 3.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gerrit S. Kazmaier sold 3,759 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $208.73, for a total transaction of $784,616.07. Following the completion of the transaction, the insider directly owned 105,167 shares of the company’s stock, valued at approximately $21,951,507.91. The trade was a 3.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 370,321 shares of company stock worth $78,866,401. 19.31% of the stock is currently owned by insiders.

Institutional Trading of Workday

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

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Rosenblatt upgraded WDAY from “hold” to “buy” with a $180 price target (down from $235), signaling conviction that shares have meaningful upside under the new leadership/strategy. Rosenblatt Upgrades Workday
• Positive Sentiment: Coverage emphasizes the return of co?founder Aneel Bhusri as CEO and a renewed AI focus as potential longer?term catalysts that could re?rate the stock if execution follows through. Workday CEO Return And AI Push
• Positive Sentiment: Third?party product news: Interact announced new AI features and a Workday integration — a sign of continued ecosystem demand and product relevance for HR/employee experience workflows. Interact Expands Platform with Workday Integration
• Neutral Sentiment: Workday is scheduled to report earnings next week — that timing puts focus on guidance/AI monetization commentary as the immediate near?term catalyst. Workday to Release Earnings on Tuesday
• Negative Sentiment: Citizens JMP downgraded WDAY from “outperform” to “market perform,” removing some buy?side conviction and adding selling pressure. Finviz Downgrade Note
• Negative Sentiment: Oppenheimer cut its price target from $270 to $200 (still an “outperform”), a sizable reduction that highlights reduced bullishness on upside and weighs on sentiment. Oppenheimer Lowers Price Target
• Negative Sentiment: BMO cut its price target from $285 to $204 while keeping an “outperform” rating — another material PT cut that reduces the consensus upside and fuels short?term selling. BMO Lowers Price Target
• Negative Sentiment: Zacks cautions Workday may lack the setup for an earnings beat next report, which raises short?term downside risk if results/guidance disappoint. Zacks Earnings Preview

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.