Monness Crespi & Hardt Issues Positive Forecast for Workday (NASDAQ:WDAY) Stock Price

Workday (NASDAQ:WDAY) had its price objective increased by analysts at Monness Crespi & Hardt from $202.00 to $218.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the software maker’s stock. Monness Crespi & Hardt’s target price would indicate a potential upside of 12.62% from the company’s current price.

WDAY has been the topic of a number of other reports. The Goldman Sachs Group lowered their price target on shares of Workday from $206.00 to $151.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 26th. Barclays set a $224.00 target price on shares of Workday in a report on Friday. Needham & Company LLC boosted their price target on Workday from $180.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday. CLSA assumed coverage on Workday in a research note on Monday, July 20th. They issued an “underperform” rating and a $92.00 price objective for the company. Finally, KeyCorp boosted their target price on Workday from $158.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday. Twenty analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Workday currently has an average rating of “Hold” and an average price target of $199.76.

Workday Stock Up 1.5%

WDAY opened at $193.57 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. Workday has a 12 month low of $110.36 and a 12 month high of $249.85. The stock has a market capitalization of $47.81 billion, a P/E ratio of 60.49, a P/E/G ratio of 2.03 and a beta of 1.08. The business has a 50 day simple moving average of $155.95 and a 200-day simple moving average of $140.36.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.61 by $0.14. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.64 billion. Workday had a return on equity of 14.75% and a net margin of 8.60%.Workday’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.21 earnings per share. On average, equities analysts anticipate that Workday will post 5.38 earnings per share for the current fiscal year.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $136.74, for a total transaction of $14,699,550.00. Following the completion of the transaction, the insider owned 105,049 shares of the company’s stock, valued at approximately $14,364,400.26. This trade represents a 50.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Mark S. Garfield sold 918 shares of the company’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $142.19, for a total value of $130,530.42. Following the completion of the sale, the chief accounting officer owned 73,718 shares in the company, valued at $10,481,962.42. This represents a 1.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 875,020 shares of company stock worth $113,938,503 in the last quarter. Insiders own 18.64% of the company’s stock.

Hedge Funds Weigh In On Workday

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System grew its stake in Workday by 11,770.8% during the second quarter. California State Teachers Retirement System now owns 36,907,426 shares of the software maker’s stock worth $4,518,207,000 after buying an additional 36,596,516 shares during the period. Paralel Advisors LLC purchased a new stake in shares of Workday during the second quarter valued at approximately $2,178,000. Wedmont Private Capital raised its stake in shares of Workday by 25.9% during the second quarter. Wedmont Private Capital now owns 2,751 shares of the software maker’s stock valued at $337,000 after purchasing an additional 566 shares during the period. Kintra Wealth LLC acquired a new position in shares of Workday during the second quarter worth $499,000. Finally, Figure 8 Investment Strategies LLC boosted its stake in shares of Workday by 84.2% in the second quarter. Figure 8 Investment Strategies LLC now owns 6,571 shares of the software maker’s stock valued at $804,000 after purchasing an additional 3,003 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday reported fiscal Q2 adjusted EPS of $2.75, above the roughly $2.61–$2.62 consensus, while revenue reached $2.649 billion, slightly exceeding estimates and increasing 12.8% year over year. Workday Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Subscription revenue climbed 13.9% to $2.471 billion. Management also said AI-related offerings represented more than 25% of new contract value, reinforcing the company’s positioning in enterprise AI for HR, finance and IT. Workday Fiscal 2027 Second-Quarter Results
• Positive Sentiment: Profitability was a major strength: net income reportedly rose to $632 million from $228 million a year earlier, while operating profit increased 26.2%. Workday also authorized an additional $4 billion share repurchase, which could support per-share results and signal confidence in cash generation. Workday Reports Higher Profit and Revenue
• Positive Sentiment: Canaccord Genuity raised its price target to $225, adding to bullish sentiment following the earnings beat. Canaccord Raises Workday Price Target
• Neutral Sentiment: Management’s outlook broadly met expectations and targets at least two points of non-GAAP margin expansion, but investors are watching whether AI adoption can offset slower growth in the coming years. Workday Signals Future Growth and Margin Targets
• Negative Sentiment: Workday’s projected subscription-revenue growth near 11% for fiscal 2028 implies continued deceleration from current levels, raising valuation concerns for a stock trading at a premium earnings multiple. Workday Outlook Despite AI Demand
• Negative Sentiment: Recent insider activity was heavily weighted toward selling, including substantial sales by founder David Duffield. While such transactions may be planned, they can weigh on investor sentiment.

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.