Workday’s (WDAY) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Workday (NASDAQ:WDAY) in a research note published on Wednesday morning,Benzinga reports. They currently have a $300.00 target price on the software maker’s stock.

WDAY has been the topic of several other reports. Piper Sandler dropped their price target on shares of Workday from $235.00 to $200.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Morgan Stanley cut their price target on shares of Workday from $280.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday. Raymond James Financial restated a “market perform” rating on shares of Workday in a research report on Monday, February 9th. BTIG Research dropped their price objective on shares of Workday from $285.00 to $230.00 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Workday from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.19.

Workday Trading Down 3.8%

WDAY opened at $133.76 on Wednesday. The business has a fifty day moving average price of $179.53 and a 200 day moving average price of $211.88. The stock has a market capitalization of $35.18 billion, a price-to-earnings ratio of 51.85, a PEG ratio of 1.28 and a beta of 1.13. Workday has a 12 month low of $117.76 and a 12 month high of $276.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.83.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. Workday had a net margin of 7.26% and a return on equity of 13.37%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. Sell-side analysts expect that Workday will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In related news, CAO Mark S. Garfield sold 953 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $209.56, for a total value of $199,710.68. Following the sale, the chief accounting officer directly owned 35,336 shares of the company’s stock, 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 accessible through this link. Also, major shareholder David A. Duffield sold 82,884 shares of Workday stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $209.75, for a total value of $17,384,919.00. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $22,034,027.75. The trade was a 44.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 370,321 shares of company stock valued at $78,866,401. Corporate insiders own 19.31% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WDAY. Brighton Jones LLC boosted its holdings in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after acquiring an additional 2,792 shares in the last quarter. Empowered Funds LLC grew its stake in Workday by 12.1% during the 1st quarter. Empowered Funds LLC now owns 11,142 shares of the software maker’s stock valued at $2,602,000 after acquiring an additional 1,206 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after acquiring an additional 127 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Workday in the second quarter worth approximately $281,000. Finally, D.A. Davidson & CO. raised its holdings in Workday by 8.6% during the second quarter. D.A. Davidson & CO. now owns 1,738 shares of the software maker’s stock valued at $417,000 after buying an additional 137 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Key Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Insperity partnership expands Workday into the SMB market with the general availability of Insperity HRScale, pairing Workday HCM with outsourced HR services — a tangible route to new recurring revenue and smaller-account penetration. Workday And Insperity Target SMB Growth With New HRScale Partnership
• Positive Sentiment: Healthcare integrations: Kahuna and Skillcentrix will bring clinically validated skills data into Workday for frontline healthcare workforces, strengthening industry-specific stickiness and compliance value of the platform. Kahuna and Skillcentrix Partner to Bring Trusted, Clinically Validated Skills Data into Workday
• Positive Sentiment: Bullish coverage and buyback/institutional support arguments note solid Q4 execution (revenue and EPS beat, margin expansion) and argue the pullback presents a long-term buying opportunity. Workday, Seriously, It’s Time to Buy This SaaS Leader
• Neutral Sentiment: Q4 results mixed: revenue and EPS topped expectations and margins improved, but management issued softer near-term guidance (2027), creating uncertainty around growth cadence despite operating leverage. Workday (WDAY) Is Down 9.0% After Softer 2027 Outlook and CEO Shift Back to Co-Founder
• Neutral Sentiment: Analyst reactions are mixed — some firms raised or maintained Buy ratings and raised targets, while many cut price targets after the guidance miss; that spread increases short-term volatility as investors sort the outlook. Workday Given New $206.00 Price Target at The Goldman Sachs Group
• Negative Sentiment: Significant analyst downgrades and price-target cuts (e.g., DA Davidson to $125, Citi cut to $148, UBS to $130 and multiple others) have pressured the stock and triggered a gap down in early trading. Workday price target lowered to $125 from $250 at DA Davidson
• Negative Sentiment: Macro/sector risk: renewed AI-selloff and skepticism about how AI will reshape enterprise software have depressed valuation multiples across SaaS names and increased investor risk aversion for names like Workday. Commentary from high‑profile commentators has added to the negative sentiment. Will AI Kill Software? Fear Creeps Beyond ‘Saaspocalypse,’ Hits IBM, DoorDash
• Negative Sentiment: Market reaction driven by guidance cut and executive leadership change (co‑founder Aneel Bhusri returning as CEO) increased uncertainty and likely accelerated selling pressure. Workday Retreats As Fiscal 2027 Guidance Falls Short Amid CEO’s Return

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.