<div id="readability-page-1"><p><span>Workday (NASDAQ:WDAY - Get Free Report)</span>'s stock had its &#34;buy&#34; rating reaffirmed by equities research analysts at BTIG Research in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $175.00 price objective on the software maker's stock. BTIG Research's price objective would suggest a potential upside of 39.99% from the company's current price.</p><ul><li>Workday, Seriously, It’s Time to Buy This SaaS Leader</li></ul><p>A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Workday from a &#34;hold (c-)&#34; rating to a &#34;sell (d+)&#34; rating in a research note on Friday, March 20th. Evercore downgraded Workday from an &#34;outperform&#34; rating to an &#34;in-line&#34; rating and set a $160.00 price objective on the stock. in a research report on Wednesday, February 25th. Raymond James Financial  restated a &#34;market perform&#34; rating on shares of Workday in a research report on Monday, February 9th. Sanford C. Bernstein decreased their price objective on Workday from $298.00 to $214.00 and set an &#34;outperform&#34; rating on the stock in a research report on Wednesday, February 25th. Finally, Robert W. Baird  set a $195.00 price objective on Workday in a research report on Tuesday, February 24th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $199.71.</p><p><b>View Our Latest Research Report on WDAY</b></p><h2>Workday Price Performance</h2><ul><li>The Late-Stage Bull Market Is a Buying Opportunity for Tech</li></ul><p>Workday stock opened at $125.01 on Monday. The company has a market cap of $32.13 billion, a price-to-earnings ratio of 48.45, a PEG ratio of 1.21 and a beta of 1.04. The firm's fifty day moving average is $127.74 and its 200 day moving average is $172.62. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. Workday has a 52-week low of $110.36 and a 52-week high of $274.65. </p><p>Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The software maker reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.15. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.52 billion. Workday had a net margin of 7.26% and a return on equity of 13.37%. Workday's revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 earnings per share.  Sell-side analysts forecast that  Workday will post 5.11 EPS for the current fiscal year. </p><h2>Insider Transactions at Workday</h2><ul><li>AI Disruption Overblown! 4 Software Stocks to Buy on the Dip</li></ul><p>In other news, insider Gerrit S. Kazmaier sold 9,356 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 165,074 shares in the company, valued at approximately $21,193,850.86. This represents a 5.36% decrease in their ownership of the stock. 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. 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 stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $112.33, for a total value of $12,075,475.00. Following the completion of the sale, the insider owned 105,049 shares in the company, valued at approximately $11,800,154.17. The trade was a 50.58% 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. In the last 90 days, insiders sold 989,814 shares of company stock valued at $131,576,291. Company insiders own  18.64% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP increased its stake in  Workday by 270.9% in the 1st quarter. Quantinno Capital Management LP now owns 372,618 shares of the software maker's stock worth $48,411,000 after buying an additional 272,160 shares during the period.  SummitTX Capital L.P. purchased a new position in  Workday in the 1st quarter worth about $1,552,000.  Ardmore Road Asset Management LP purchased a new position in  Workday in the 1st quarter worth about $15,370,000.  Weiss Asset Management LP purchased a new position in  Workday in the 1st quarter worth about $1,388,000.  Finally, Lead Edge Capital Management LLC purchased a new position in  Workday during the 1st quarter worth $79,988,000. Hedge funds and other institutional investors own  89.81% of the company's stock. </p><h2>Workday Company Profile</h2> (Get Free Report)<p>Workday, Inc <span>NASDAQ: WDAY<span></span></span> 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.  </p><p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Workday</li><li>Datadog Soars, Dynatrace Slumps: Gap Widens in AI Agent Stocks</li><li>As U.S. Debt Surpasses GDP, These 2 ETFs Are Emerging Winners in the “Sell America” Trade</li><li>Robinhood, SoFi, and Webull Are Telling Very Different Stories</li><li>As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0RBWQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9V0RBWQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Workday Right Now?</h2><p>Before you consider Workday, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Workday wasn't on the list.</p><p>While Workday currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

WDAY

<p>BTIG Research has reaffirmed a 'buy' rating for Workday (NASDAQ:WDAY) with a target price of $175.00, suggesting a potential upside of 39.99%. Despite this, other analysts have issued mixed ratings, with some downgrading the stock. Workday's current stock price is $125.01, and it has a market cap of $32.13 billion. The company reported earnings of $2.47 per share, exceeding estimates, and its revenue increased by 14.5% year-over-year.</p>

BTIG Research Reaffirms Buy Rating for Workday (NASDAQ:WDAY)