Workday (NASDAQ:WDAY) Given New $139.00 Price Target at Citigroup

Workday (NASDAQ:WDAY) had its price objective cut by Citigroup from $148.00 to $139.00 in a report released on Friday, Marketbeat Ratings reports. They currently have a neutral rating on the software maker’s stock.

Several other research analysts also recently commented on WDAY. DA Davidson cut their target price on Workday from $250.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Weiss Ratings downgraded Workday from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Mizuho cut their target price on Workday from $275.00 to $210.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Raymond James Financial reaffirmed a “market perform” rating on shares of Workday in a report on Monday, February 9th. Finally, KeyCorp lifted their target price on Workday from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Friday. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $189.48.

Workday Trading Up 5.2%

Shares of WDAY stock opened at $128.14 on Friday. The firm has a market capitalization of $32.93 billion, a P/E ratio of 40.04, a P/E/G ratio of 1.18 and a beta of 1.04. Workday has a twelve month low of $110.36 and a twelve month high of $257.09. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock’s fifty day simple moving average is $125.91 and its 200 day simple moving average is $169.28.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, May 21st. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.51 by $0.15. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.52 billion. Workday had a return on equity of 13.92% and a net margin of 8.60%.Workday’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.23 EPS. As a group, sell-side analysts predict that Workday will post 5.11 EPS for the current fiscal year.

Insider Transactions at Workday

In other news, insider Gerrit S. Kazmaier sold 9,356 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $128.39, for a total value of $1,201,216.84. Following the transaction, the insider directly owned 165,074 shares of the company’s stock, valued at $21,193,850.86. The trade was a 5.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, major shareholder David A. Duffield sold 107,500 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $129.76, for a total value of $13,949,200.00. Following the completion of the transaction, the insider directly owned 105,049 shares in the company, valued at $13,631,158.24. This represents a 50.58% 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. Insiders sold a total of 989,814 shares of company stock worth $131,576,291 over the last three months. 18.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Auto Owners Insurance Co increased its holdings in Workday by 25,412.8% during the 4th quarter. Auto Owners Insurance Co now owns 10,230,616 shares of the software maker’s stock worth $2,197,332,000 after purchasing an additional 10,190,516 shares in the last quarter. Vanguard Group Inc. increased its holdings in Workday by 14.7% during the 4th quarter. Vanguard Group Inc. now owns 25,009,288 shares of the software maker’s stock worth $5,371,495,000 after purchasing an additional 3,210,232 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Workday by 101.4% during the 4th quarter. Janus Henderson Group PLC now owns 5,017,905 shares of the software maker’s stock worth $1,077,537,000 after purchasing an additional 2,525,821 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in Workday during the 3rd quarter worth approximately $556,252,000. Finally, Norges Bank bought a new stake in Workday during the 4th quarter worth approximately $448,804,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Workday posted Q1 adjusted EPS of $2.66 versus estimates of $2.49, while revenue rose 13.5% year over year to $2.54 billion, topping forecasts. Workday Announces Fiscal 2027 First Quarter Financial Results
• Positive Sentiment: Management raised its full-year non-GAAP operating margin guidance to 30.5%, signaling stronger profitability and helping fuel the stock’s rebound. Workday pops as Q1 results guidance top estimates
• Positive Sentiment: Analysts highlighted growing AI monetization, noting that Workday’s AI features and agentic roadmap are starting to show up in contract value and customer adoption. Workday’s AI Momentum Continues as Solid Q1 Results Posted, RBC Says
• Positive Sentiment: Several Wall Street firms responded with constructive commentary and price-target updates after the beat, reinforcing sentiment that the quarter was solid and the setup remains favorable. These Analysts Revise Their Forecasts On Workday Following Q1 Results
• Neutral Sentiment: Some analysts remain cautious, calling the post-earnings move more of a relief rally and noting that the stock is still expensive relative to fundamentals. WDAY Stock’s Gains Following Q1 Beat Fails to Unite Wall Street – This Analyst Believes Post-Earnings Rise Feels More Like Relief Rally
• Negative Sentiment: Citi and other firms trimmed price targets, reflecting lingering concerns about valuation and execution even after the strong quarter. Workday Rallies On ‘Low Bar’ Beat As AI Starts To Show Up In Contract Value

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.