Workday (NASDAQ:WDAY) Given New $175.00 Price Target at Stifel Nicolaus

Workday (NASDAQ:WDAY) had its price objective lifted by investment analysts at Stifel Nicolaus from $160.00 to $175.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the software maker’s stock. Stifel Nicolaus’ target price suggests a potential downside of 11.76% from the stock’s previous close.

Several other analysts have also recently issued reports on WDAY. Jefferies Financial Group reduced their price target on shares of Workday from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Thursday, October 8th. Sanford C. Bernstein lifted their price objective on shares of Workday from $216.00 to $238.00 and gave the company an “outperform” rating in a report on Friday, August 28th. KeyCorp lifted their price objective on shares of Workday from $158.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Mizuho set a $210.00 target price on shares of Workday in a research note on Wednesday. Finally, Monness Crespi & Hardt increased their target price on shares of Workday from $202.00 to $218.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Twenty research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $205.03.

Workday Trading Up 5.1%

WDAY traded up $9.54 during mid-day trading on Thursday, hitting $198.31. 723,010 shares of the stock were exchanged, compared to its average volume of 4,671,348. The firm’s fifty day moving average is $191.03 and its two-hundred day moving average is $152.89. Workday has a 1-year low of $110.36 and a 1-year high of $247.40. The company has a market cap of $47.79 billion, a PE ratio of 39.97, a PEG ratio of 1.87 and a beta of 1.07. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.61 by $0.14. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%. Workday’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS. Equities analysts forecast that Workday will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder David Duffield sold 99,835 shares of Workday stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $187.55, for a total value of $18,724,054.25. Following the completion of the transaction, the insider owned 105,049 shares in the company, valued at approximately $19,701,939.95. This trade represents a 48.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Enslin sold 5,374 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $187.00, for a total value of $1,004,938.00. Following the transaction, the insider directly owned 226,233 shares of the company’s stock, valued at approximately $42,305,571. This represents a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 988,104 shares of company stock worth $188,811,574 over the last ninety days. Company insiders own 18.64% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lakehouse Capital Pty Ltd lifted its position in shares of Workday by 77.9% during the 3rd quarter. Lakehouse Capital Pty Ltd now owns 43,773 shares of the software maker’s stock worth $8,337,000 after purchasing an additional 19,174 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Workday in the second quarter valued at $1,115,000. S&CO Inc. acquired a new stake in Workday in the second quarter valued at $2,284,000. Sapient Capital LLC purchased a new stake in Workday during the 2nd quarter worth about $13,045,000. Finally, Fluent Financial LLC purchased a new stake in Workday during the 2nd quarter worth about $2,249,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Key Stories Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a collaboration with Anthropic to connect Claude’s reasoning capabilities with Workday’s Sana agents, governed data and business rules. The partnership could strengthen Workday’s position in enterprise AI and increase adoption of its HR and finance software. Anthropic collaboration
• Positive Sentiment: Workday is introducing AI agents and tools across HR, finance and recruiting, including expanded Sana capabilities, Autopilot agents and a new Candidate Profile that lets applicants reuse information across Workday-powered applications. These products may improve customer engagement and create new monetization opportunities. Candidate Profile announcement
• Positive Sentiment: The planned acquisition of ConductorOne, or C1.ai, would add agentic identity and access-management capabilities for employees and AI agents. The deal could improve Workday’s AI governance and security offering, although financial terms were not disclosed. ConductorOne acquisition
• Positive Sentiment: Commentary from Zacks characterizes WDAY as significantly oversold and argues that Workday could benefit as enterprise adoption of agentic AI accelerates. Zacks Workday commentary
• Neutral Sentiment: UBS lowered its price target from $220 to $210 and retained a Neutral rating. The revised target remains above the recent trading level, but the cut indicates limited near-term conviction. UBS target revision
• Neutral Sentiment: A Fortune profile says Workday’s CEO studied the Steve Jobs playbook for returning founders, highlighting leadership and strategy as the company works to translate its AI investments into stronger growth. Fortune leadership profile
• Negative Sentiment: Investors remain concerned that revenue growth is decelerating despite management’s forecast for continued double-digit expansion. The issue is whether Workday’s AI initiatives can produce material financial results quickly enough to justify its valuation. Workday growth outlook
• Negative Sentiment: Major shareholder David Duffield sold 99,835 shares worth about $18.7 million, while Chief Accounting Officer Mark Garfield sold 918 shares worth about $174,000. Both trades used pre-arranged Rule 10b5-1 plans, reducing their negative signaling value, but the sales may still weigh on sentiment. Workday insider sales

Workday Company Profile

Workday, Inc develops cloud-based enterprise software for managing an organization’s people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company’s offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.