DA Davidson Forecasts Workday's Q1 Earnings (NASDAQ:WDAY)

Workday, Inc. (NASDAQ:WDAY - Free Report) - Analysts at DA Davidson reduced their Q1 2026 earnings estimates for Workday in a research note issued to investors on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the software maker will earn $0.80 per share for the quarter, down from their prior estimate of $0.82. DA Davidson currently has a "Neutral" rating and a $230.00 target price on the stock. The consensus estimate for Workday's current full-year earnings is $2.63 per share.

Several other equities research analysts also recently commented on the company. Daiwa America upgraded Workday to a "strong-buy" rating in a report on Tuesday, March 4th. Piper Sandler increased their target price on shares of Workday from $270.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Jefferies Financial Group dropped their target price on shares of Workday from $350.00 to $325.00 and set a "buy" rating for the company in a research report on Monday, March 31st. StockNews.com cut Workday from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Scotiabank dropped their price objective on Workday from $355.00 to $305.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 17th. Ten analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Workday currently has an average rating of "Moderate Buy" and an average price target of $296.25.

Workday Trading Down 2.9 %

WDAY traded down $6.69 during trading on Wednesday, hitting $221.02. The company's stock had a trading volume of 1,894,875 shares, compared to its average volume of 2,620,204. Workday has a twelve month low of $199.81 and a twelve month high of $294.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.05 and a quick ratio of 2.05. The firm's 50 day moving average price is $244.00 and its 200-day moving average price is $252.18. The stock has a market cap of $58.79 billion, a PE ratio of 36.65, a PEG ratio of 3.55 and a beta of 1.32.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Tuesday, February 25th. The software maker reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $1.75 by ($1.27). The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.18 billion. Workday had a return on equity of 6.13% and a net margin of 19.86%.

Institutional Investors Weigh In On Workday

A number of institutional investors have recently made changes to their positions in WDAY. Crews Bank & Trust acquired a new position in Workday in the fourth quarter valued at $26,000. Roxbury Financial LLC acquired a new position in Workday during the fourth quarter worth $25,000. Avion Wealth lifted its position in Workday by 452.6% in the 4th quarter. Avion Wealth now owns 105 shares of the software maker's stock valued at $27,000 after acquiring an additional 86 shares in the last quarter. TCTC Holdings LLC bought a new stake in Workday during the fourth quarter worth $35,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Workday in the first quarter valued at about $32,000. Institutional investors own 89.81% of the company's stock.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 81,275 shares of Workday stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total transaction of $17,448,117.00. Following the sale, the insider now directly owns 102,997 shares of the company's stock, valued at approximately $22,111,395.96. This trade represents a 44.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 497 shares of the firm's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $226.55, for a total transaction of $112,595.35. Following the transaction, the chief accounting officer now directly owns 34,385 shares of the company's stock, valued at $7,789,921.75. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 321,724 shares of company stock worth $77,976,126 over the last three months. Corporate insiders own 20.00% of the company's stock.

About Workday

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.