BMO Capital Markets Cuts Workday (NASDAQ:WDAY) Price Target to $182.00

Workday (NASDAQ:WDAY) had its price objective trimmed by BMO Capital Markets from $204.00 to $182.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. The firm currently has an outperform rating on the software maker’s stock.

WDAY has been the subject of a number of other reports. Piper Sandler decreased their target price on shares of Workday from $235.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Stifel Nicolaus set a $175.00 target price on shares of Workday in a research report on Monday, February 9th. Loop Capital set a $280.00 price target on Workday in a research note on Wednesday, December 10th. Oppenheimer cut their price target on Workday from $270.00 to $200.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Finally, Wells Fargo & Company decreased their price objective on Workday from $290.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and an average target price of $205.19.

Workday Price Performance

WDAY stock opened at $133.76 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.83 and a current ratio of 1.32. The firm has a 50 day moving average price of $179.53 and a 200-day moving average price of $211.88. Workday has a 52-week low of $117.76 and a 52-week high of $276.00. The firm has a market capitalization of $35.18 billion, a price-to-earnings ratio of 51.85, a PEG ratio of 1.28 and a beta of 1.13.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.15. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.The firm’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $1.92 EPS. Equities research analysts forecast that Workday will post 2.63 EPS for the current fiscal year.

Insider Activity

In other Workday news, CEO Carl M. Eschenbach sold 3,125 shares of Workday stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $210.00, for a total transaction of $656,250.00. Following the completion of the sale, the chief executive officer owned 17,097 shares of the company’s stock, valued at approximately $3,590,370. The trade was a 15.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the completion of the sale, the chief financial officer directly owned 159,158 shares in the company, valued at $33,224,232.50. This trade represents a 3.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 370,321 shares of company stock worth $78,866,401 over the last quarter. Company insiders own 19.31% of the company’s stock.

Hedge Funds Weigh In On Workday

Several large investors have recently made changes to their positions in the company. Anchor Investment Management LLC raised its holdings in Workday by 7.3% in the 4th quarter. Anchor Investment Management LLC now owns 8,316 shares of the software maker’s stock worth $1,786,000 after purchasing an additional 563 shares during the period. Pacer Advisors Inc. lifted its position in Workday by 840.9% during the fourth quarter. Pacer Advisors Inc. now owns 765,049 shares of the software maker’s stock worth $164,317,000 after buying an additional 683,741 shares in the last quarter. Virtu Financial LLC acquired a new stake in Workday during the fourth quarter worth about $2,518,000. Compound Planning Inc. grew its position in Workday by 32.8% in the fourth quarter. Compound Planning Inc. now owns 2,818 shares of the software maker’s stock worth $605,000 after acquiring an additional 696 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Workday by 7.0% in the 4th quarter. Invesco Ltd. now owns 2,552,061 shares of the software maker’s stock valued at $548,132,000 after acquiring an additional 166,564 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

More Workday News

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Insperity partnership expands Workday into the SMB market with the general availability of Insperity HRScale, pairing Workday HCM with outsourced HR services — a tangible route to new recurring revenue and smaller-account penetration. Workday And Insperity Target SMB Growth With New HRScale Partnership
• Positive Sentiment: Healthcare integrations: Kahuna and Skillcentrix will bring clinically validated skills data into Workday for frontline healthcare workforces, strengthening industry-specific stickiness and compliance value of the platform. Kahuna and Skillcentrix Partner to Bring Trusted, Clinically Validated Skills Data into Workday
• Positive Sentiment: Bullish coverage and buyback/institutional support arguments note solid Q4 execution (revenue and EPS beat, margin expansion) and argue the pullback presents a long-term buying opportunity. Workday, Seriously, It’s Time to Buy This SaaS Leader
• Neutral Sentiment: Q4 results mixed: revenue and EPS topped expectations and margins improved, but management issued softer near-term guidance (2027), creating uncertainty around growth cadence despite operating leverage. Workday (WDAY) Is Down 9.0% After Softer 2027 Outlook and CEO Shift Back to Co-Founder
• Neutral Sentiment: Analyst reactions are mixed — some firms raised or maintained Buy ratings and raised targets, while many cut price targets after the guidance miss; that spread increases short-term volatility as investors sort the outlook. Workday Given New $206.00 Price Target at The Goldman Sachs Group
• Negative Sentiment: Significant analyst downgrades and price-target cuts (e.g., DA Davidson to $125, Citi cut to $148, UBS to $130 and multiple others) have pressured the stock and triggered a gap down in early trading. Workday price target lowered to $125 from $250 at DA Davidson
• Negative Sentiment: Macro/sector risk: renewed AI-selloff and skepticism about how AI will reshape enterprise software have depressed valuation multiples across SaaS names and increased investor risk aversion for names like Workday. Commentary from high‑profile commentators has added to the negative sentiment. Will AI Kill Software? Fear Creeps Beyond ‘Saaspocalypse,’ Hits IBM, DoorDash
• Negative Sentiment: Market reaction driven by guidance cut and executive leadership change (co‑founder Aneel Bhusri returning as CEO) increased uncertainty and likely accelerated selling pressure. Workday Retreats As Fiscal 2027 Guidance Falls Short Amid CEO’s Return

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.