GraniteShares Advisors LLC Increases Stock Position in Workday, Inc. $WDAY

GraniteShares Advisors LLC boosted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,173 shares of the software maker’s stock after purchasing an additional 91 shares during the period. GraniteShares Advisors LLC’s holdings in Workday were worth $762,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its position in shares of Workday by 76.1% during the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after acquiring an additional 54 shares during the last quarter. Dagco Inc. purchased a new stake in Workday during the 1st quarter worth approximately $31,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Workday in the 1st quarter valued at approximately $32,000. Financial Management Professionals Inc. boosted its stake in shares of Workday by 54.0% during the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker’s stock valued at $36,000 after buying an additional 54 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Workday during the first quarter worth approximately $40,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 451 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $10,093,578.22. The trade was a 1.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the transaction, the chief financial officer owned 178,418 shares of the company’s stock, valued at approximately $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 326,171 shares of company stock valued at $76,432,560 over the last ninety days. Company insiders own 20.00% of the company’s stock.

Workday Stock Up 1.6%

NASDAQ WDAY opened at $246.67 on Monday. 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 $65.86 billion, a P/E ratio of 114.20, a PEG ratio of 3.25 and a beta of 1.12. The company’s 50 day simple moving average is $230.13 and its 200 day simple moving average is $237.71. 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) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the business posted $1.75 earnings per share. The firm’s quarterly 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. Equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of Workday in a report on Wednesday, September 17th. Sanford C. Bernstein restated an “outperform” rating and set a $304.00 price objective on shares of Workday in a research note on Friday, August 22nd. Oppenheimer reduced their target price on Workday from $300.00 to $270.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Piper Sandler upgraded Workday from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $220.00 to $235.00 in a report on Wednesday, September 17th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.