Index Fund Advisors Inc. Takes Position in Workday, Inc. $WDAY

Index Fund Advisors Inc. bought a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,055 shares of the software maker’s stock, valued at approximately $253,000.

Several other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA boosted its stake in Workday by 15.2% during the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock worth $74,000 after purchasing an additional 42 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Workday by 15.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock valued at $82,000 after acquiring an additional 46 shares during the last quarter. AE Wealth Management LLC boosted its position in shares of Workday by 0.4% during the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock valued at $2,778,000 after acquiring an additional 46 shares during the last quarter. Bristlecone Advisors LLC boosted its position in shares of Workday by 1.6% during the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock valued at $693,000 after acquiring an additional 47 shares during the last quarter. Finally, Equitable Trust Co. boosted its position in shares of Workday by 4.0% during the 1st quarter. Equitable Trust Co. now owns 1,257 shares of the software maker’s stock valued at $294,000 after acquiring an additional 48 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Stock Down 2.1%

Shares of WDAY opened at $233.18 on Monday. The firm has a market cap of $62.26 billion, a P/E ratio of 107.95, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The company’s 50-day moving average price is $230.35 and its 200 day moving average price is $236.82. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data 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. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. Workday’s revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, sell-side analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. TD Cowen lowered their price target on shares of Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. DA Davidson boosted their price target on shares of Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $340.00 price target on shares of Workday in a research report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Workday from $330.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, JMP Securities reissued a “market outperform” rating and set a $315.00 price target on shares of Workday in a research report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $287.83.

Insider Buying and Selling at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the business’s 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 in the company, valued at $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the sale, the insider owned 90,077 shares in the company, valued at $21,246,461.99. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,625 shares of company stock valued at $59,749,934 over the last three months. 19.31% of the stock is currently owned by company insiders.

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.