Clarius Group LLC Lowers Holdings in Workday, Inc. $WDAY

Clarius Group LLC trimmed its holdings in Workday, Inc. (NASDAQ:WDAY) by 11.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,488 shares of the software maker’s stock after selling 198 shares during the period. Clarius Group LLC’s holdings in Workday were worth $357,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Private Trust Co. NA boosted its stake in shares of Workday by 15.2% during the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock worth $74,000 after acquiring an additional 42 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Workday by 15.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock worth $82,000 after acquiring 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 worth $2,778,000 after acquiring an additional 46 shares in the last quarter. Bristlecone Advisors LLC boosted its stake 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 worth $693,000 after acquiring an additional 47 shares in the last quarter. Finally, Equitable Trust Co. boosted its stake in shares of Workday by 4.0% during the 1st quarter. Equitable Trust Co. now owns 1,257 shares of the software maker’s stock worth $294,000 after acquiring an additional 48 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $340.00 target price on shares of Workday in a research note on Wednesday, September 17th. Bank of America decreased their price target on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Workday from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Finally, Canaccord Genuity Group decreased their price target on shares of Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

Workday Trading Up 0.8%

WDAY opened at $238.36 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The company’s 50 day simple moving average is $230.07 and its two-hundred day simple moving average is $237.21. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The firm has a market capitalization of $63.64 billion, a price-to-earnings ratio of 110.35, a price-to-earnings-growth ratio of 2.95 and a beta of 1.10.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping 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 business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the company posted $1.75 EPS. The business’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. Analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity

In other news, insider Richard Harry Sauer sold 1,160 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $235.41, for a total transaction of $273,075.60. Following the completion of the sale, the insider owned 95,756 shares in the company, valued at $22,541,919.96. This trade represents a 1.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction 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 represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 174,703 shares of company stock worth $40,174,891 over the last quarter. 20.00% of the stock is currently owned by corporate 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.