Workday, Inc. $WDAY Shares Sold by BIP Wealth LLC

BIP Wealth LLC cut its position in Workday, Inc. (NASDAQ:WDAY) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,442 shares of the software maker’s stock after selling 45 shares during the period. BIP Wealth LLC’s holdings in Workday were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WDAY. Chicago Capital LLC boosted its holdings in shares of Workday by 2.2% during the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock worth $42,193,000 after purchasing an additional 3,824 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Workday by 33.8% during the first quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock worth $7,486,000 after buying an additional 8,093 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in Workday by 21.1% during the second quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock worth $7,288,000 after buying an additional 5,300 shares during the last quarter. LBP AM SA grew its holdings in Workday by 23.4% in the 2nd quarter. LBP AM SA now owns 50,676 shares of the software maker’s stock valued at $12,162,000 after buying an additional 9,606 shares in the last quarter. Finally, One Degree Advisors Inc acquired a new stake in shares of Workday in the 2nd quarter worth $369,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WDAY shares. Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a research report on Friday. Wells Fargo & Company decreased their target price on shares of Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. JMP Securities reissued a “market outperform” rating and issued a $315.00 price target on shares of Workday in a research note on Wednesday, September 17th. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Workday from $330.00 to $280.00 and set a “buy” rating for the company in a research 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $287.83.

Workday Stock Down 0.2%

Shares of NASDAQ WDAY opened at $242.75 on Friday. 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 business’s 50 day moving average is $233.64 and its two-hundred day moving average is $237.69. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The firm has a market cap of $64.81 billion, a price-to-earnings ratio of 112.38, a PEG ratio of 3.03 and a beta of 1.10.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm posted $1.75 earnings per share. The company’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. Research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In other news, CAO Mark S. Garfield sold 1,915 shares of the stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $238.96, for a total transaction of $457,608.40. Following the sale, the chief accounting officer owned 37,351 shares of the company’s stock, valued at approximately $8,925,394.96. This represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 75,053 shares of Workday stock in a transaction that occurred 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 completion of the transaction, the insider owned 102,997 shares of the company’s stock, valued at $24,342,310.98. This trade represents a 42.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,933 shares of company stock valued at $61,475,760. 19.31% of the stock is owned by company insiders.

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.