Workday (NASDAQ:WDAY) Given New $214.00 Price Target at Sanford C. Bernstein

Workday (NASDAQ:WDAY) had its price objective reduced by investment analysts at Sanford C. Bernstein from $298.00 to $214.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Sanford C. Bernstein’s price target indicates a potential upside of 64.42% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Citizens Jmp downgraded shares of Workday from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. decreased their price objective on Workday from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday. Barclays dropped their price target on Workday from $230.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday. DA Davidson set a $125.00 price target on shares of Workday in a report on Wednesday. Finally, Evercore downgraded Workday from an “outperform” rating to an “in-line” rating and set a $160.00 price objective on the stock. in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $212.66.

Workday Trading Down 0.1%

WDAY stock traded down $0.08 during mid-day trading on Wednesday, hitting $130.15. 12,626,217 shares of the company were exchanged, compared to its average volume of 4,707,607. The business has a fifty day simple moving average of $184.46 and a 200-day simple moving average of $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. Workday has a 12-month low of $117.76 and a 12-month high of $281.00. The firm has a market capitalization of $34.23 billion, a P/E ratio of 54.68, a PEG ratio of 1.11 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 10.50% and a net margin of 6.95%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 earnings per share. On average, equities research analysts predict that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 953 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $209.56, for a total transaction of $199,710.68. Following the sale, the chief accounting officer owned 35,336 shares in the company, valued at $7,405,012.16. This represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard Harry Sauer sold 1,130 shares of Workday stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $210.00, for a total value of $237,300.00. Following the completion of the transaction, the insider owned 85,398 shares of the company’s stock, valued at approximately $17,933,580. This trade represents a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 370,321 shares of company stock valued at $78,866,401 over the last ninety days. Insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Workday

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position 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 purchasing an additional 3,210,232 shares during the last quarter. State Street Corp grew its position in Workday by 1.0% in the 4th quarter. State Street Corp now owns 9,770,707 shares of the software maker’s stock worth $2,098,552,000 after purchasing an additional 96,139 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake 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 valued at $1,406,463,000 after buying an additional 1,882,391 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 75,922 shares during the period. Finally, Janus Henderson Group PLC boosted its stake 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 worth $1,077,537,000 after buying an additional 2,525,821 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Trending Headlines about Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Q4 beat — Workday reported stronger-than-expected fiscal Q4 results with EPS and revenue above consensus, driven by solid subscription growth and rising backlog, supporting the longer-term growth story. Workday Q4 Earnings Beat
• Positive Sentiment: Bull thesis & catalyst — Management is leaning into agentic AI as a growth catalyst and some firms (e.g., Needham) reaffirm Buy with high price targets, signaling conviction in longer-term upside despite near-term headwinds. Needham Buy Rating
• Neutral Sentiment: Macro / sector noise — The stock is trading amid broader software/AI-driven volatility; sector sentiment and macro uncertainty are amplifying reactions to guidance rather than fundamentals alone. Market Context
• Negative Sentiment: Guidance miss — Workday guided FY27 subscription revenue below Street estimates (slower new client wins amid corporate spending caution), which triggered an after-hours selloff and renewed investor concern about near-term growth. Reuters: Guidance Below Estimates
• Negative Sentiment: Margin pressure from AI investment — Analysts flagged that accelerated AI spending will compress near-term margins (and operating income guidance disappointed), which weighed on sentiment despite the quarter’s beat. MarketWatch: Cost of Competing in AI
• Negative Sentiment: Analyst cuts and downgrades — Multiple banks trimmed price targets or downgraded WDAY (Piper Sandler, BMO, BTIG, TD Cowen, Evercore, Mizuho, Rosenblatt, Wells Fargo, JPMorgan moves noted), increasing near-term selling pressure and raising uncertainty around consensus estimates. Benzinga: Analyst Activity

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.