Zacks Research Increases Earnings Estimates for Workday

Workday, Inc. (NASDAQ:WDAY) – Research analysts at Zacks Research raised their FY2028 earnings per share estimates for Workday in a research report issued on Tuesday, October 21st. Zacks Research analyst Team now anticipates that the software maker will post earnings of $5.78 per share for the year, up from their previous estimate of $5.71. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Workday’s current full-year earnings is $2.63 per share.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. cut their price objective on Workday from $295.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Wall Street Zen raised Workday from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a research note on Friday. KeyCorp cut their price objective on Workday from $325.00 to $285.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Finally, Cowen reaffirmed a “buy” rating on shares of Workday in a research note on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Price Performance

Workday stock opened at $242.75 on Thursday. The stock’s 50 day moving average is $233.64 and its 200 day moving average is $237.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market cap of $64.81 billion, a P/E ratio of 112.38, a P/E/G ratio of 3.03 and a beta of 1.10. Workday has a one year low of $205.33 and a one year high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.12. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS.

Hedge Funds Weigh In On Workday

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Workday by 2.5% during the second quarter. Vanguard Group Inc. now owns 21,114,184 shares of the software maker’s stock worth $5,067,404,000 after purchasing an additional 515,529 shares during the period. State Street Corp raised its position in shares of Workday by 3.3% during the second quarter. State Street Corp now owns 9,600,516 shares of the software maker’s stock worth $2,304,124,000 after purchasing an additional 303,713 shares during the period. Geode Capital Management LLC raised its position in shares of Workday by 2.9% during the second quarter. Geode Capital Management LLC now owns 4,952,938 shares of the software maker’s stock worth $1,183,112,000 after purchasing an additional 140,042 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock worth $879,147,000 after purchasing an additional 1,211,659 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Workday by 0.4% during the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock worth $872,610,000 after purchasing an additional 14,354 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Workday

In other news, insider Richard Harry Sauer sold 2,320 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the transaction, the insider directly owned 90,077 shares of the company’s stock, valued at $21,246,461.99. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 78,564 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total value of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares in the company, valued at $22,671,699.64. The trade was a 43.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 264,933 shares of company stock valued at $61,475,760. 19.31% of the stock is owned by insiders.

Workday Company Profile

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.