Workday, Inc. $WDAY Holdings Lifted by GraniteShares Advisors LLC

GraniteShares Advisors LLC boosted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 3.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,173 shares of the software maker’s stock after buying an additional 91 shares during the period. GraniteShares Advisors LLC’s holdings in Workday were worth $762,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Private Trust Co. NA increased its holdings in shares of Workday by 15.2% in the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock valued at $74,000 after purchasing an additional 42 shares during the period. Salvus Wealth Management LLC increased its stake in Workday by 2.8% in the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker’s stock valued at $387,000 after buying an additional 45 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in Workday by 15.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock worth $82,000 after buying an additional 46 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of Workday by 0.4% during the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock valued at $2,778,000 after buying an additional 46 shares during the period. Finally, Bristlecone Advisors LLC grew its holdings in shares of Workday by 1.6% during the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock valued at $693,000 after acquiring an additional 47 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Workday news, CAO Mark S. Garfield sold 451 shares of the firm’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the sale, the chief accounting officer owned 42,977 shares of the company’s stock, valued at $10,093,578.22. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total value of $1,437,540.00. Following the completion of the transaction, the chief financial officer directly owned 178,418 shares in the company, valued at approximately $42,747,168.62. This 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 valued at $76,432,560 in the last quarter. Insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

WDAY has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Workday from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Monday, August 18th. BMO Capital Markets reduced their price target on Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. UBS Group set a $304.00 price objective on Workday in a report on Friday, August 22nd. JMP Securities reiterated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Wednesday, September 17th. Finally, Citigroup dropped their price target on shares of Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $287.83.

Workday Trading Up 1.6%

NASDAQ:WDAY opened at $246.67 on Monday. The company’s 50 day moving average is $230.13 and its 200-day moving average is $237.71. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The firm has a market cap of $65.86 billion, a price-to-earnings ratio of 114.20, a P/E/G ratio of 3.25 and a beta of 1.12.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. Workday’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.