Callahan Advisors LLC Has $4.02 Million Holdings in Workday, Inc. $WDAY

Callahan Advisors LLC boosted its position in Workday, Inc. (NASDAQ:WDAY) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,750 shares of the software maker’s stock after buying an additional 332 shares during the quarter. Callahan Advisors LLC’s holdings in Workday were worth $4,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of WDAY. Cornerstone Planning Group LLC grew its position 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 purchasing an additional 54 shares during the last quarter. Dagco Inc. acquired a new stake in Workday in the 1st quarter worth $31,000. Pinnacle Bancorp Inc. acquired a new stake in Workday in the 1st quarter worth $40,000. BankPlus Trust Department acquired a new stake in Workday in the 1st quarter worth $40,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in Workday in the 2nd quarter worth $42,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder David A. Duffield sold 78,564 shares of Workday stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the completion of the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at $22,671,699.64. This trade represents a 43.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of Workday 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 transaction, the chief financial officer directly owned 168,468 shares of the company’s stock, valued at $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,933 shares of company stock worth $61,475,760 over the last ninety days. Corporate insiders own 19.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on WDAY. Zacks Research upgraded shares of Workday from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. JPMorgan Chase & Co. decreased their price target on shares of Workday from $295.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Evercore ISI lifted their target price on shares of Workday from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Piper Sandler upgraded shares of Workday from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $220.00 to $235.00 in a research report on Wednesday, September 17th. Finally, UBS Group set a $304.00 target price on shares of Workday 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. According to MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Trading Down 1.0%

Shares of WDAY stock opened at $234.76 on Thursday. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The company has a market capitalization of $62.68 billion, a P/E ratio of 108.69, a P/E/G ratio of 2.96 and a beta of 1.10. The firm has a 50-day moving average price of $230.93 and a 200 day moving average price of $236.80. 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 (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the firm posted $1.75 EPS. The firm’s quarterly 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 forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal 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.