Workday (NASDAQ:WDAY) Cut to “Hold” at TD Cowen

TD Cowen lowered shares of Workday (NASDAQ:WDAY) from a buy rating to a hold rating in a research report report published on Wednesday, Marketbeat reports. The firm currently has $155.00 target price on the software maker’s stock.

WDAY has been the topic of a number of other research reports. Macquarie Infrastructure reissued a “buy” rating on shares of Workday in a report on Wednesday, November 26th. Citigroup lowered their target price on Workday from $261.00 to $247.00 and set a “neutral” rating for the company in a research note on Wednesday, November 26th. Loop Capital set a $280.00 price target on shares of Workday in a research note on Wednesday, December 10th. KeyCorp decreased their price objective on Workday from $285.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Wells Fargo & Company cut their target price on shares of Workday from $290.00 to $255.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.19.

Workday Stock Down 3.8%

Shares of WDAY opened at $133.76 on Wednesday. The company has a 50-day simple moving average of $179.53 and a 200-day simple moving average of $211.88. 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 market capitalization of $35.18 billion, a P/E ratio of 51.85, a P/E/G ratio of 1.28 and a beta of 1.13. Workday has a 52 week low of $117.76 and a 52 week high of $276.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.15. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 earnings per share. On average, equities research analysts expect that Workday will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other Workday news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred 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 owned 159,158 shares of the company’s stock, valued at approximately $33,224,232.50. This represents a 3.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gerrit S. Kazmaier sold 6,547 shares of Workday stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $218.77, for a total value of $1,432,287.19. Following the completion of the transaction, the insider directly owned 111,353 shares of the company’s stock, valued at approximately $24,360,695.81. This trade represents a 5.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 370,321 shares of company stock worth $78,866,401 over the last quarter. 19.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Workday

Several institutional investors have recently made changes to their positions in WDAY. Rakuten Securities Inc. acquired a new position in Workday during the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Workday in the 3rd quarter worth $26,000. JPL Wealth Management LLC bought a new position in shares of Workday in the third quarter valued at approximately $30,000. DT Investment Partners LLC purchased a new stake in shares of Workday during the fourth quarter valued at approximately $27,000. Finally, Berbice Capital Management LLC lifted its holdings in Workday by 136.4% during the second quarter. Berbice Capital Management LLC now owns 130 shares of the software maker’s stock worth $31,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

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

Workday Company Profile

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.