Workday (WDAY) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Workday (NASDAQ: WDAY):

• 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.
• 11/18/2024 – Workday is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $340.00 price target on the stock.
• 11/14/2024 – Workday had its price target raised by analysts at Loop Capital from $255.00 to $270.00. They now have a “hold” rating on the stock.

Workday Stock Performance

NASDAQ:WDAY traded down $5.29 during trading hours on Thursday, hitting $252.74. 601,482 shares of the company were exchanged, compared to its average volume of 2,438,601. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. Workday, Inc. has a 52-week low of $199.81 and a 52-week high of $311.28. The stock has a market capitalization of $67.23 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 5.04 and a beta of 1.34. The company’s 50 day moving average price is $260.39 and its 200-day moving average price is $244.03.

Workday (NASDAQ:WDAY) last issued its earnings results on Tuesday, November 26th. The software maker reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.13 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%. Workday’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, research analysts forecast that Workday, Inc. will post 2.58 earnings per share for the current year.

Insider Buying and Selling at Workday

In related news, Director Wayne A.I. Frederick sold 1,828 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $241.85, for a total value of $442,101.80. Following the completion of the transaction, the director now directly owns 8,674 shares in the company, valued at $2,097,806.90. The trade was a 17.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard Harry Sauer sold 3,134 shares of the firm’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $235.78, for a total transaction of $738,934.52. Following the sale, the insider now owns 85,795 shares in the company, valued at approximately $20,228,745.10. This represents a 3.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 361,463 shares of company stock valued at $92,193,408. 20.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Workday

Large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC raised its position in Workday by 7.2% during the third quarter. Sanctuary Advisors LLC now owns 29,633 shares of the software maker’s stock worth $7,934,000 after acquiring an additional 1,978 shares during the period. Grafton Street Partners Fund LP acquired a new position in shares of Workday during the 3rd quarter worth about $4,424,000. ICICI Prudential Asset Management Co Ltd lifted its stake in Workday by 32.4% in the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 31,878 shares of the software maker’s stock valued at $7,791,000 after buying an additional 7,802 shares in the last quarter. Legal & General Group Plc boosted its holdings in Workday by 7.4% in the 2nd quarter. Legal & General Group Plc now owns 1,719,976 shares of the software maker’s stock worth $384,518,000 after buying an additional 118,180 shares during the last quarter. Finally, Atria Investments Inc increased its stake in Workday by 19.3% during the 3rd quarter. Atria Investments Inc now owns 44,324 shares of the software maker’s stock worth $10,833,000 after buying an additional 7,175 shares in 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.