Workday’s (WDAY) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c) rating on shares of Workday (NASDAQ:WDAY) in a research report sent to investors on Friday morning,Weiss Ratings reports.

WDAY has been the subject of several other research reports. Citigroup cut their price target on shares of Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. DA Davidson lifted their target price on shares of Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. TD Cowen reduced their price target on shares of Workday from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Guggenheim upgraded Workday from a “neutral” rating to a “buy” rating and set a $285.00 price objective on the stock in a report on Wednesday, September 17th. Finally, JMP Securities reiterated a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research note on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $287.83.

Workday Stock Performance

NASDAQ WDAY opened at $242.75 on Friday. The stock has a market capitalization of $64.81 billion, a price-to-earnings ratio of 112.38, a PEG ratio of 3.05 and a beta of 1.10. The stock has a 50-day moving average of $233.64 and a 200 day moving average of $237.74. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday has a twelve month low of $205.33 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.Workday’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Sell-side analysts anticipate that Workday will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Richard Harry Sauer sold 2,320 shares of the business’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 in the company, valued at $21,246,461.99. The trade was a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total value of $1,395,720.00. Following the completion of the sale, the chief financial officer owned 168,468 shares of the company’s stock, valued at $39,189,026.16. This trade represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,933 shares of company stock worth $61,475,760 in the last 90 days. Corporate insiders own 20.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. MGO One Seven LLC boosted its position in shares of Workday by 161.7% during the 3rd quarter. MGO One Seven LLC now owns 4,543 shares of the software maker’s stock valued at $1,094,000 after acquiring an additional 2,807 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Workday by 79.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 212 shares of the software maker’s stock valued at $51,000 after purchasing an additional 94 shares during the last quarter. IRON Financial LLC purchased a new stake in shares of Workday in the 3rd quarter valued at approximately $233,000. Forum Financial Management LP increased its holdings in shares of Workday by 57.3% during the 3rd quarter. Forum Financial Management LP now owns 2,502 shares of the software maker’s stock worth $602,000 after buying an additional 911 shares during the last quarter. Finally, Parnassus Investments LLC raised its position in shares of Workday by 13.1% during the 3rd quarter. Parnassus Investments LLC now owns 3,217,205 shares of the software maker’s stock valued at $774,478,000 after buying an additional 371,561 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

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.