Piper Sandler Cuts Workday (NASDAQ:WDAY) Price Target to $135.00

Workday (NASDAQ:WDAY) had its target price cut by investment analysts at Piper Sandler from $200.00 to $135.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. Piper Sandler’s price target indicates a potential upside of 3.66% from the stock’s previous close.

Several other equities analysts also recently weighed in on WDAY. TD Cowen downgraded Workday from a “buy” rating to a “hold” rating and set a $155.00 target price on the stock. in a research report on Wednesday. KeyCorp cut their price objective on shares of Workday from $285.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. DA Davidson reduced their target price on shares of Workday from $260.00 to $250.00 and set a “hold” rating on the stock in a research note on Wednesday, November 26th. Sanford C. Bernstein lowered their target price on shares of Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $233.16.

Workday Stock Performance

Workday stock opened at $130.23 on Wednesday. The company’s 50-day moving average price is $184.46 and its 200-day moving average price is $213.51. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The company has a market cap of $34.25 billion, a PE ratio of 54.72, a price-to-earnings-growth ratio of 1.11 and a beta of 1.13. Workday has a twelve month low of $125.83 and a twelve month high of $281.00.

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. Workday had a net margin of 6.95% and a return on equity of 10.50%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm earned $1.92 EPS. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, equities research analysts forecast that Workday will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 953 shares of the business’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $209.56, for a total value of $199,710.68. Following the completion of the sale, the chief accounting officer directly owned 35,336 shares of the company’s stock, valued at $7,405,012.16. The trade was a 2.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the completion of the transaction, the chief financial officer owned 159,158 shares in the company, valued at $33,224,232.50. This represents a 3.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 370,321 shares of company stock worth $78,866,401 over the last ninety days. 20.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Workday

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Workday by 14.7% in the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after buying an additional 3,210,232 shares during the period. State Street Corp lifted its stake in Workday by 1.0% in the fourth quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock worth $2,098,552,000 after acquiring an additional 96,139 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in Workday by 47.5% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,842,491 shares of the software maker’s stock worth $1,406,463,000 after acquiring an additional 1,882,391 shares in the last quarter. Geode Capital Management LLC increased its position in Workday by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 5,091,926 shares of the software maker’s stock valued at $1,089,970,000 after purchasing an additional 75,922 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Workday by 101.4% in the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock valued at $1,077,537,000 after purchasing an additional 2,525,821 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 beats — Workday reported better‑than‑expected fiscal Q4 results: revenue and EPS topped consensus and subscription revenue grew year‑over‑year, underpinned by strong cash flow. Workday Q4 results press release
• Positive Sentiment: Analyst buy thesis remains for some — Needham reaffirmed a Buy and kept a $300 price target, arguing AI investments offer long‑term upside despite near‑term headwinds. Needham buy rating
• Neutral Sentiment: Leadership/AI strategy — Workday has emphasized agentic AI as a growth driver and recently brought back a founder CEO, a strategic pivot that could help execution but adds uncertainty about near‑term priorities. CEO return and AI focus
• Neutral Sentiment: Broader software sell‑off — The pullback in software names and macro uncertainty amplified the reaction to Workday’s guidance, meaning market moves reflect sector trends as well as company specifics. Software sector pressure
• Negative Sentiment: Guidance miss — Management forecast FY‑2027 subscription revenue below Street estimates (and guided for slower subscription growth), signaling weaker new‑client wins as corporate tech spend moderates. Revenue guidance below estimates
• Negative Sentiment: Margins and AI investment cost — Workday warned of margin pressure as it accelerates AI investments and guidance for adjusted operating income was cautious, pressuring investor sentiment about near‑term profitability. Margin outlook and AI costs
• Negative Sentiment: Analyst reactions — Several brokers pared targets or downgraded WDAY (Jefferies, Mizuho among them); JPMorgan lowered its target too, increasing near‑term selling pressure. Jefferies cut Mizuho downgrade (summary) JPM price‑target move (summary)

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.