US Bancorp DE Trims Stock Position in Workday, Inc. $WDAY

US Bancorp DE lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 4.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 93,743 shares of the software maker’s stock after selling 4,141 shares during the quarter. US Bancorp DE’s holdings in Workday were worth $22,498,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WDAY. Cornerstone Planning Group LLC grew its stake in Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after buying an additional 54 shares in the last quarter. Dagco Inc. purchased a new position in Workday in the 1st quarter worth approximately $31,000. Farmers & Merchants Investments Inc. purchased a new position in Workday in the 1st quarter worth approximately $32,000. Pinnacle Bancorp Inc. purchased a new position in Workday in the 1st quarter worth approximately $40,000. Finally, BankPlus Trust Department purchased a new position in Workday in the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Down 2.1%

NASDAQ:WDAY opened at $233.18 on Friday. The company has a fifty day moving average of $230.35 and a 200 day moving average of $236.97. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $62.26 billion, a P/E ratio of 107.95, a P/E/G ratio of 2.97 and a beta of 1.10.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 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 analyst estimates of $2.34 billion. During the same period in the prior year, the business posted $1.75 EPS. The firm’s revenue 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. On average, research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In related news, insider Richard Harry Sauer sold 2,320 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the sale, the insider directly owned 90,077 shares in the company, valued at $21,246,461.99. This represents a 2.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 75,053 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the sale, the insider owned 102,997 shares of the company’s stock, valued at $24,342,310.98. This represents a 42.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 257,625 shares of company stock valued at $59,749,934. 19.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on WDAY. Guggenheim raised shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 price target for the company in a research note on Wednesday, September 17th. Sanford C. Bernstein restated an “outperform” rating and issued a $304.00 price objective on shares of Workday in a report on Friday, August 22nd. Needham & Company LLC restated a “buy” rating and issued a $300.00 price objective on shares of Workday in a report on Wednesday, September 17th. Oppenheimer lowered their price objective on shares of Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. Finally, Canaccord Genuity Group lowered their price objective on shares of Workday from $330.00 to $275.00 and set a “buy” rating for the company in a report 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $287.83.

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.