Workday (NASDAQ:WDAY) Cut to “Market Perform” at Citizens Jmp

Citizens Jmp cut shares of Workday (NASDAQ:WDAY) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Several other analysts have also commented on the stock. Oppenheimer reduced their price target on shares of Workday from $270.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday. The Goldman Sachs Group began coverage on Workday in a research report on Monday, January 12th. They issued a “neutral” rating and a $238.00 target price on the stock. Piper Sandler decreased their price target on Workday from $235.00 to $200.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Sanford C. Bernstein cut their price objective on Workday from $304.00 to $298.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Finally, Evercore set a $200.00 price objective on shares of Workday in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.32.

Workday Stock Down 1.6%

NASDAQ WDAY opened at $137.81 on Wednesday. The business’s fifty day simple moving average is $187.89 and its 200-day simple moving average is $214.98. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.34. The firm has a market cap of $36.24 billion, a PE ratio of 57.90, a P/E/G ratio of 1.20 and a beta of 1.13. Workday has a 52 week low of $136.64 and a 52 week high of $281.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Tuesday, November 25th. The software maker reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.15. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Workday had a net margin of 6.95% and a return on equity of 10.50%. Workday’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business earned $1.89 earnings per share. As a group, equities analysts anticipate that Workday will post 2.63 earnings per share for the current year.

Insider Activity

In other news, major shareholder David A. Duffield sold 82,884 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were 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. This trade represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gerrit S. Kazmaier sold 6,547 shares of Workday stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $218.77, for a total transaction of $1,432,287.19. Following the completion of the transaction, the insider owned 111,353 shares of the company’s stock, valued at $24,360,695.81. This trade represents a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 370,321 shares of company stock worth $78,866,401 in the last quarter. Insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDAY. Compound Planning Inc. raised its stake in shares of Workday by 32.8% in the fourth quarter. Compound Planning Inc. now owns 2,818 shares of the software maker’s stock valued at $605,000 after acquiring an additional 696 shares in the last quarter. Invesco Ltd. increased its holdings in Workday by 7.0% during the 4th quarter. Invesco Ltd. now owns 2,552,061 shares of the software maker’s stock worth $548,132,000 after purchasing an additional 166,564 shares during the period. Rare Wolf Capital LLC acquired a new stake in Workday in the 4th quarter valued at about $215,000. Axxcess Wealth Management LLC purchased a new position in shares of Workday in the 4th quarter valued at about $1,927,000. Finally, Corient Private Wealth LLC boosted its stake in shares of Workday by 15.1% in the 4th quarter. Corient Private Wealth LLC now owns 24,559 shares of the software maker’s stock valued at $5,275,000 after buying an additional 3,215 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Founder returns as CEO, refocusing on the AI roadmap and investor messaging — a leadership move that investors often view as constructive for execution on AI and product strategy. Workday Founder Returns As CEO Refocusing AI Roadmap And Investor Expectations
• Positive Sentiment: Rosenblatt upgraded WDAY to Buy, adding near‑term buying support from an upgrade. Rosenblatt Securities Upgrades Workday (NASDAQ:WDAY) to Buy
• Positive Sentiment: Guggenheim reiterated a Buy rating, providing some stability amid the mixed broker activity. Guggenheim Reiterates Buy Rating for Workday (NASDAQ:WDAY)
• Positive Sentiment: TD Cowen (via TipRanks) kept a Buy stance, highlighting AI‑driven growth and strategic M&A as longer‑term positives even after trimming the price target to $200. Workday: AI-Driven Growth and Strategic Acquisitions Underscore Buy Rating Despite Macro and Leadership Headwinds
• Neutral Sentiment: Analysts and previews are focused on the Feb. 24 Q4 print — Zacks notes growth drivers (AI, cloud launches, sector demand) but says an earnings beat is uncertain, increasing event risk into the print. Workday Set to Report Q4 Results: Will Revenue Growth Boost Earnings?
• Neutral Sentiment: Zacks and other previews dig into key metrics beyond top‑line estimates, suggesting investors should watch subscription revenue mix, billings, margin cadence and AI product adoption. Seeking Clues to Workday (WDAY) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
• Neutral Sentiment: Some market commentary (Seeking Alpha) argues WDAY looks oversold with upside potential, highlighting the stock’s sensitivity to sentiment vs. fundamentals. Workday: Oversold With Material Upside Potential
• Negative Sentiment: Citizens/JMP downgraded WDAY to Market Perform, reducing a chunk of buy‑side conviction and contributing to selling pressure. Workday (NASDAQ:WDAY) Rating Lowered to “Market Perform” at Citizens Jmp
• Negative Sentiment: BMO cut its price target to $204 and Oppenheimer lowered its expectations—these downgrades/target cuts compress upside and raise the bar for positive surprises. BMO Capital Markets Lowers Workday (NASDAQ:WDAY) Price Target to $204.00 Oppenheimer Has Lowered Expectations for Workday (NASDAQ:WDAY) Stock Price
• Negative Sentiment: Recent intraday weakness and Zacks coverage note the stock has been falling more than the broader market, reflecting the combined effect of downgrades, target cuts and pre‑earnings caution. Here’s Why Workday (WDAY) Fell More Than Broader Market

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.