Dakota Wealth Management Sells 70 Shares of Workday, Inc. $WDAY

Dakota Wealth Management lowered its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,625 shares of the software maker’s stock after selling 70 shares during the quarter. Dakota Wealth Management’s holdings in Workday were worth $870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WDAY. Harrell Investment Partners LLC bought a new stake in Workday in the 2nd quarter worth $545,000. Public Employees Retirement System of Ohio grew its holdings in Workday by 0.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 88,019 shares of the software maker’s stock worth $21,125,000 after acquiring an additional 740 shares during the last quarter. Norden Group LLC grew its holdings in Workday by 1.2% in the 2nd quarter. Norden Group LLC now owns 9,682 shares of the software maker’s stock worth $2,324,000 after acquiring an additional 119 shares during the last quarter. Hyperion Asset Management Ltd grew its holdings in Workday by 5.8% in the 2nd quarter. Hyperion Asset Management Ltd now owns 603,395 shares of the software maker’s stock worth $144,815,000 after acquiring an additional 33,084 shares during the last quarter. Finally, CHICAGO TRUST Co NA grew its holdings in Workday by 63.9% in the 2nd quarter. CHICAGO TRUST Co NA now owns 7,030 shares of the software maker’s stock worth $1,687,000 after acquiring an additional 2,740 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Trading Up 1.6%

Shares of NASDAQ WDAY opened at $246.67 on Friday. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The stock has a market cap of $65.86 billion, a P/E ratio of 114.20, a price-to-earnings-growth ratio of 3.25 and a beta of 1.12. The firm has a 50-day moving average of $230.13 and a 200 day moving average of $237.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the company posted $1.75 EPS. Workday’s revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $265.00 price target on shares of Workday in a report on Wednesday, September 17th. Stifel Nicolaus cut their price target on shares of Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a report on Friday, August 22nd. DA Davidson lifted their target price on shares of Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of Workday in a research note on Wednesday, September 17th. Finally, Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 78,564 shares of Workday stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total value of $17,293,507.68. Following the completion of the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $22,671,699.64. The trade was a 43.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the transaction, the chief financial officer directly owned 178,418 shares of the company’s stock, valued at $42,747,168.62. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 326,171 shares of company stock worth $76,432,560 over the last 90 days. 19.31% of the stock is currently owned by insiders.

Workday Profile

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.