Monness Crespi & Hardt Raises Workday (NASDAQ:WDAY) Price Target to $218.00

Workday (NASDAQ:WDAY) had its price target raised by equities research analysts at Monness Crespi & Hardt from $202.00 to $218.00 in a research report issued on Friday. The firm presently has a “buy” rating on the software maker’s stock. Monness Crespi & Hardt’s price target suggests a potential upside of 12.62% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Needham & Company LLC upped their price objective on Workday from $180.00 to $230.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group decreased their target price on Workday from $206.00 to $151.00 and set a “neutral” rating for the company in a research report on Tuesday, May 26th. Morgan Stanley boosted their price target on Workday from $145.00 to $180.00 and gave the company an “underweight” rating in a report on Friday. Stifel Nicolaus set a $160.00 price target on Workday in a research report on Friday. Finally, Canaccord Genuity Group raised their price objective on Workday from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday. Twenty investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $199.76.

Workday Trading Up 1.5%

Shares of WDAY opened at $193.57 on Friday. Workday has a one year low of $110.36 and a one year high of $249.85. The stock has a 50-day moving average price of $155.95 and a 200 day moving average price of $140.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01. The company 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.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.14. The company 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 period in the prior year, the company posted $2.21 EPS. Sell-side analysts forecast that Workday will post 5.38 EPS for the current fiscal year.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 107,500 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $122.04, for a total value of $13,119,300.00. Following the sale, the insider directly owned 105,049 shares of the company’s stock, valued at $12,820,179.96. This trade represents a 50.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Enslin sold 5,374 shares of the firm’s stock in a transaction on Sunday, July 5th. The shares were sold at an average price of $134.90, for a total value of $724,952.60. Following the completion of the sale, the insider owned 239,469 shares in the company, valued at $32,304,368.10. The trade was a 2.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 875,020 shares of company stock valued at $113,938,503. 18.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Workday

Several institutional investors have recently modified their holdings of WDAY. Strategic Investment Advisors MI increased its holdings in shares of Workday by 1.6% in the 2nd quarter. Strategic Investment Advisors MI now owns 3,263 shares of the software maker’s stock worth $777,000 after acquiring an additional 50 shares during the period. L2 Asset Management LLC increased its stake in shares of Workday by 7.8% in the fourth quarter. L2 Asset Management LLC now owns 1,079 shares of the software maker’s stock valued at $232,000 after purchasing an additional 78 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Workday by 0.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,798 shares of the software maker’s stock valued at $5,326,000 after purchasing an additional 80 shares during the period. Stevens Capital Management LP raised its holdings in shares of Workday by 4.3% during the fourth quarter. Stevens Capital Management LP now owns 2,054 shares of the software maker’s stock valued at $441,000 after buying an additional 84 shares during the last quarter. Finally, Colonial Trust Co SC raised its holdings in shares of Workday by 45.8% during the fourth quarter. Colonial Trust Co SC now owns 280 shares of the software maker’s stock valued at $60,000 after buying an additional 88 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

More Workday News

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.