Valeo Financial Advisors LLC raised its position in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) by 40.0% during the second quarter, HoldingsChannel reports. The fund owned 3,048 shares of the software maker’s stock after acquiring an additional 871 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Workday were worth $732,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC increased its position in Workday by 76.1% during the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after acquiring an additional 54 shares during the last quarter. Dagco Inc. bought a new position in Workday during the first quarter valued at $31,000. Farmers & Merchants Investments Inc. bought a new position in Workday during the first quarter valued at $32,000. Pinnacle Bancorp Inc. bought a new position in Workday during the first quarter valued at $40,000. Finally, BankPlus Trust Department bought a new position in Workday during the first quarter valued at $40,000. Institutional investors own 89.81% of the company’s stock.
Wall Street Analyst Weigh In
WDAY has been the subject of a number of recent analyst reports. 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. Zacks Research raised shares of Workday from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Oppenheimer lowered their target price on shares of Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Canaccord Genuity Group lowered their target price on shares of Workday from $330.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Stifel Nicolaus lowered their target price on shares of Workday from $275.00 to $255.00 and set a “hold” rating for the company 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 nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.
Insider Activity
In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the completion of the sale, the chief executive officer directly owned 20,222 shares of the company’s stock, valued at approximately $4,803,129.44. This represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the sale, the chief financial officer directly owned 168,468 shares of the company’s stock, valued at approximately $39,189,026.16. The trade was a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,572 shares of company stock valued at $42,011,908. Corporate insiders own 19.31% of the company’s stock.
Workday Stock Up 2.2%
NASDAQ:WDAY opened at $238.25 on Thursday. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company has a 50-day moving average of $229.95 and a 200 day moving average of $237.19. The firm has a market cap of $63.61 billion, a PE ratio of 110.30, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10. 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 – Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.
Workday Company 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.
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