Workday (NASDAQ:WDAY) Price Target Cut to $210.00 by Analysts at UBS Group

Workday (NASDAQ:WDAY) had its price target reduced by analysts at UBS Group from $220.00 to $210.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. UBS Group’s price objective points to a potential upside of 13.41% from the company’s current price.

Several other research analysts have also issued reports on the stock. BMO Capital Markets increased their target price on shares of Workday from $182.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Lake Street Capital set a $205.00 price target on shares of Workday in a research note on Friday, August 14th. Citigroup reissued a “neutral” rating on shares of Workday in a research report on Tuesday, October 6th. Bank of America boosted their target price on Workday from $140.00 to $205.00 and gave the company a “neutral” rating in a research report on Wednesday, August 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $230.00 price target on shares of Workday in a research note on Monday, October 5th. Twenty analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $205.55.

Workday Trading Down 0.5%

Shares of Workday stock traded down $0.86 on Wednesday, reaching $185.16. 978,139 shares of the company’s stock were exchanged, compared to its average volume of 4,682,465. The company has a market capitalization of $44.62 billion, a P/E ratio of 37.60, a price-to-earnings-growth ratio of 1.89 and a beta of 1.07. Workday has a 52 week low of $110.36 and a 52 week high of $247.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s 50-day moving average is $190.66 and its two-hundred day moving average is $152.46.

Workday (NASDAQ:WDAY) last released its quarterly earnings data 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 analyst estimates of $2.64 billion. Workday had a net margin of 12.32% and a return on equity of 20.95%. Workday’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.21 EPS. Sell-side analysts predict that Workday will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In related news, major shareholder David Duffield sold 100,780 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $185.64, for a total transaction of $18,708,799.20. Following the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $19,501,296.36. This trade represents a 48.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 987,186 shares of company stock worth $188,637,658 over the last 90 days. 18.64% of the stock is owned by company insiders.

Hedge Funds Weigh In On Workday

Hedge funds have recently modified their holdings of the company. Lakehouse Capital Pty Ltd grew its holdings 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 valued at $8,337,000 after purchasing an additional 19,174 shares during the last quarter. Plato Investment Management Ltd purchased a new position in Workday in the 2nd quarter worth $1,115,000. S&CO Inc. bought a new stake in Workday in the second quarter worth $2,284,000. Sapient Capital LLC bought a new stake in Workday in the second quarter worth $13,045,000. Finally, Fluent Financial LLC purchased a new stake in Workday during the second quarter valued at about $2,249,000. Institutional investors own 89.81% of the company’s stock.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday announced a partnership with Anthropic to connect Claude’s reasoning capabilities with Workday’s Sana agents, governed data, permissions and business rules. Customers will be able to retrieve information, complete tasks and approve actions through Claude or Sana, potentially strengthening Workday’s position in enterprise AI. Anthropic partnership announcement
• Positive Sentiment: The company introduced expanded Sana capabilities, Decision Intelligence, Work Intelligence and a headless Trusted Agent Platform. These offerings let customers automate workflows, analyze workforce and financial scenarios, and build governed AI agents while maintaining approvals and audit trails. Successful adoption could support customer retention and longer-term revenue growth. Workday investor day transcript
• Positive Sentiment: Workday agreed to acquire C1.ai, an agentic identity platform that manages access for employees and AI agents across enterprise systems. The transaction could expand Workday’s security and AI-governance capabilities, though financial terms and the earnings impact were not disclosed. C1.ai acquisition announcement
• Neutral Sentiment: Workday continues to forecast double-digit revenue growth, but investors remain disappointed by the pace of sales deceleration. The new AI initiatives may improve the outlook, although monetization could take time. Workday growth forecast
• Neutral Sentiment: Reports discussing Workday’s expanding AI platform and credit facility suggest the company is adding financial flexibility to support its strategy, but investors will monitor borrowing needs, execution and returns on AI-related investments. AI platform and credit facility analysis
• Negative Sentiment: Major shareholder David Duffield sold 99,835 WDAY shares for approximately $18.7 million, reducing his direct stake by 48.7%. The sale was made under a pre-arranged Rule 10b5-1 plan, which limits its signaling value, but its size may still weigh on sentiment. SEC insider sale filing

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.