Brokerages Set Workday, Inc. (NASDAQ:WDAY) Target Price at $189.48

Workday, Inc. (NASDAQ:WDAY) has been given an average recommendation of “Moderate Buy” by the thirty-five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $185.0303.

WDAY has been the subject of several analyst reports. HC Wainwright set a $140.00 price target on shares of Workday in a research note on Wednesday. Rosenblatt Securities dropped their price target on shares of Workday from $180.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, February 25th. Barclays raised shares of Workday from an “overweight” rating to a “buy” rating in a research note on Friday, May 22nd. Bank of America initiated coverage on shares of Workday in a research note on Wednesday. They set a “neutral” rating and a $140.00 price target for the company. Finally, Cantor Fitzgerald dropped their price target on shares of Workday from $200.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday, May 20th.

Workday Stock Performance

Shares of Workday stock opened at $146.19 on Friday. Workday has a fifty-two week low of $110.36 and a fifty-two week high of $257.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.32. The firm has a market capitalization of $37.57 billion, a P/E ratio of 45.68, a P/E/G ratio of 1.61 and a beta of 1.04. The company’s 50 day moving average price is $125.60 and its two-hundred day moving average price is $165.78.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.15. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 8.60% and a return on equity of 14.75%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.23 earnings per share. On average, equities analysts forecast that Workday will post 5.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In related news, insider Gerrit S. Kazmaier sold 9,356 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $128.39, for a total value of $1,201,216.84. Following the transaction, the insider owned 165,074 shares in the company, valued at $21,193,850.86. The trade was a 5.36% decrease in their ownership of the stock. 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 company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $129.76, for a total transaction of $13,949,200.00. Following the sale, the insider directly owned 105,049 shares in the company, valued at $13,631,158.24. This trade represents a 50.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 989,814 shares of company stock valued at $131,576,291 in the last ninety days. Insiders own 18.64% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Auto Owners Insurance Co increased its holdings in Workday by 25,412.8% in the fourth quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after purchasing an additional 10,190,516 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Workday by 14.7% during 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 in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Workday by 101.4% during 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 in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Workday during the 3rd quarter worth approximately $556,252,000. Finally, Norges Bank bought a new stake in shares of Workday in the 4th quarter valued at $448,804,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday’s latest quarterly results beat expectations, with revenue and earnings topping estimates and management highlighting renewed momentum in the core business plus stronger AI-driven demand for HR and finance automation. This has supported the stock’s recent move higher.
• Positive Sentiment: Workday expanded its strategic partnership with Google Cloud to bring AI agents for HR and finance into Gemini Enterprise and daily workflows, reinforcing the company’s AI product story and potentially improving long-term adoption. Workday and Google Cloud Expand Strategic Partnership to Bring AI Agents for HR and Finance Into Employees’ Daily Workflows
• Positive Sentiment: Analyst coverage has been constructive, with commentary around Workday being a top momentum and value name, and Bank of America reportedly reinstating coverage while acknowledging the strength of its sticky enterprise software franchise.
• Positive Sentiment: Broader software sentiment improved after Snowflake’s strong results eased fears that AI would displace subscription software, which helped lift Workday and other SaaS names as investors rotated back into AI-enabled enterprise platforms.
• Neutral Sentiment: Workday also announced a deeper Google Cloud integration for AI agents and other product enhancements, which is strategically important but still needs time to translate into sustained revenue acceleration.
• Negative Sentiment: Despite the recent rebound, Workday remains well below its 52-week high and has lagged the broader market over the past year, so some investors may still view the rally as a recovery move rather than a full trend reversal.

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.