Workday (NASDAQ:WDAY) Price Target Lowered to $139.00 at Citigroup

Workday (NASDAQ:WDAY) had its price objective decreased by stock analysts at Citigroup from $148.00 to $139.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the software maker’s stock. Citigroup’s price target would suggest a potential upside of 9.93% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Rosenblatt Securities cut their price target on shares of Workday from $180.00 to $150.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Raymond James Financial reaffirmed a “market perform” rating on shares of Workday in a research report on Monday, February 9th. The Goldman Sachs Group dropped their price objective on shares of Workday from $238.00 to $206.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Robert W. Baird set a $195.00 price objective on shares of Workday in a report on Tuesday, February 24th. Finally, Needham & Company LLC dropped their price objective on shares of Workday from $300.00 to $180.00 and set a “buy” rating on the stock in a report on Friday. Twenty equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.81.

Workday Trading Up 3.8%

WDAY traded up $4.59 during trading on Friday, reaching $126.44. 6,094,413 shares of the stock traded hands, compared to its average volume of 5,090,853. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $32.50 billion, a PE ratio of 48.97, a P/E/G ratio of 1.23 and a beta of 1.04. The stock’s 50-day moving average is $126.10 and its 200 day moving average is $169.57. Workday has a 12 month low of $110.36 and a 12 month high of $257.09.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, May 21st. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.17. The business had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.23 earnings per share. Equities analysts anticipate that Workday will post 5.11 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 107,500 shares of the company’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $112.33, for a total value of $12,075,475.00. Following the sale, the insider owned 105,049 shares in the company, valued at $11,800,154.17. This represents a 50.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Mark S. Garfield sold 1,585 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $113.05, for a total transaction of $179,184.25. Following the completion of the sale, the chief accounting officer owned 31,467 shares in the company, valued at $3,557,344.35. This represents a 4.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 989,814 shares of company stock worth $131,576,291 over the last ninety days. Insiders own 18.64% of the company’s stock.

Institutional Investors Weigh In On Workday

Institutional investors and hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. acquired a new stake in shares of Workday in the 2nd quarter worth about $25,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Workday in the 3rd quarter worth about $26,000. DT Investment Partners LLC acquired a new stake in shares of Workday in the 4th quarter worth about $27,000. LRI Investments LLC acquired a new stake in shares of Workday in the 4th quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Workday in the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday beat estimates with Q1 adjusted EPS of $2.66 and revenue of $2.54 billion, topping forecasts and signaling that demand for its HR and finance software remains solid. Workday (WDAY) Q1 Earnings and Revenues Beat Estimates
• Positive Sentiment: The company raised its full-year profitability outlook, which is reassuring investors looking for margin expansion as Workday scales. Workday raises profit guidance after strong Q1 report
• Positive Sentiment: AI momentum is a major driver of sentiment: Workday said it has nearly $500 million in annualized recurring revenue from agentic AI solutions, helping reshape the stock’s narrative around enterprise AI adoption. Workday shares jump as AI demand eases investor concerns
• Positive Sentiment: Technicals and post-earnings buying are adding fuel, with traders bidding up the shares in premarket trading after a sharp selloff earlier this year. Workday stock surges after earnings; technicals point to a short-lived rally
• Neutral Sentiment: Analysts remain mixed: several firms reiterated positive views and raised targets, but others kept neutral/hold ratings, suggesting the rally may still depend on sustained AI monetization and execution. Workday: Improving Fundamentals and AI Momentum Offset by Full Valuation

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.