Key Points
- Major shareholder David Duffield sold 98,971 Workday shares for approximately $18.7 million, reducing his ownership by 48.5%. The transaction was executed under a pre-arranged Rule 10b5-1 plan.
- Workday exceeded quarterly expectations, reporting $2.75 in EPS and $2.65 billion in revenue, with revenue rising 12.8% year over year.
- Analyst sentiment is mixed but generally favorable, with a consensus “Hold” rating and an average price target of $206.34; institutional investors own approximately 89.8% of the stock.
Workday, Inc. (NASDAQ:WDAY - Get Free Report) major shareholder David Duffield sold 98,971 shares of the stock in a transaction dated Monday, September 28th. The stock was sold at an average price of $188.55, for a total transaction of $18,660,982.05. Following the completion of the transaction, the insider directly owned 105,049 shares of the company's stock, valued at approximately $19,806,988.95. The trade was a 48.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Workday Stock Performance
Workday stock opened at $190.46 on Thursday. The stock's 50 day simple moving average is $184.90 and its two-hundred day simple moving average is $149.05. 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 stock has a market cap of $45.90 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 1.91 and a beta of 1.08. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $247.40.
Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.61 by $0.14. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.64 billion. Workday had a return on equity of 20.95% and a net margin of 12.32%.The business's revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.21 EPS. As a group, analysts expect that Workday, Inc. will post 5.3 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have commented on WDAY shares. BMO Capital Markets raised their price objective on Workday from $182.00 to $230.00 and gave the company an "outperform" rating in a research report on Friday, August 28th. Royal Bank Of Canada lifted their price target on shares of Workday from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Friday, August 28th. William Blair restated an "outperform" rating on shares of Workday in a report on Friday, August 28th. The Goldman Sachs Group raised their target price on shares of Workday from $151.00 to $164.00 and gave the company a "neutral" rating in a research note on Monday, August 31st. Finally, Canaccord Genuity Group boosted their price target on Workday from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Tuesday, August 25th. Twenty analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $206.34.
Check Out Our Latest Stock Analysis on Workday
Institutional Trading of Workday
Several institutional investors have recently bought and sold shares of WDAY. QRG Capital Management Inc. lifted its stake in shares of Workday by 4.8% in the second quarter. QRG Capital Management Inc. now owns 10,403 shares of the software maker's stock worth $1,274,000 after buying an additional 477 shares in the last quarter. Junto Capital Management LP bought a new stake in shares of Workday during the second quarter valued at approximately $45,000,000. Tidal Investments LLC increased its position in shares of Workday by 43.6% during the second quarter. Tidal Investments LLC now owns 1,439,456 shares of the software maker's stock valued at $176,218,000 after acquiring an additional 437,175 shares in the last quarter. Van Hulzen Asset Management LLC purchased a new position in Workday in the 2nd quarter worth approximately $511,000. Finally, National Pension Service raised its holdings in Workday by 11.9% in the 2nd quarter. National Pension Service now owns 460,512 shares of the software maker's stock worth $56,376,000 after acquiring an additional 49,070 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Workday
Here are the key news stories impacting Workday this week:
- Positive Sentiment: William Blair analyst Patrick McIlwee reaffirmed a Buy rating, citing Workday’s discounted valuation, efficiency improvements and potential for stronger margins. The endorsement supports the view that recent cost reductions could improve profitability and that the stock’s valuation is attractive after its decline from prior highs. Analyst Reaffirms Buy on Workday
- Positive Sentiment: Commentary argues that Workday’s reduced headcount could strengthen its artificial-intelligence strategy by concentrating resources on strategic growth areas and improving operating efficiency. Workday Reduced Headcount and AI Thesis
- Neutral Sentiment: Workday was highlighted among stocks to watch, indicating increased market attention following the restructuring announcement, although the item provided no additional fundamental update. Stocks to Watch
- Negative Sentiment: Workday announced a second workforce reduction in 2026, eliminating approximately 500 jobs, or 2.5% of employees, primarily in its Product and Technology organization. The restructuring is expected to cost roughly $65 million to $85 million and was accompanied by a revision to the GAAP operating-margin outlook, creating near-term pressure on the stock. Workday Reduces Headcount
- Negative Sentiment: Major shareholder David Duffield sold 98,971 shares worth approximately $18.7 million, reducing his position by 48.5%. The trade was made under a pre-arranged Rule 10b5-1 plan, which lessens its signaling value but may still weigh on sentiment. SEC Insider Transaction Filing
Workday Company Profile
(
Get Free Report)
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.
See Also
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