Workday, Inc. $WDAY Stake Decreased by Equitable Trust Co.

Equitable Trust Co. lessened its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 10.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,126 shares of the software maker’s stock after selling 131 shares during the quarter. Equitable Trust Co.’s holdings in Workday were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB increased its stake in shares of Workday by 2.3% during the second quarter. Wilmington Savings Fund Society FSB now owns 21,452 shares of the software maker’s stock valued at $5,148,000 after acquiring an additional 477 shares during the period. RFG Advisory LLC increased its stake in shares of Workday by 3.8% during the second quarter. RFG Advisory LLC now owns 1,986 shares of the software maker’s stock valued at $477,000 after acquiring an additional 72 shares during the period. NorthRock Partners LLC acquired a new position in shares of Workday during the second quarter valued at approximately $221,000. Verdence Capital Advisors LLC increased its stake in shares of Workday by 1.0% during the second quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $1,051,000 after acquiring an additional 45 shares during the period. Finally, Concord Asset Management LLC VA acquired a new position in shares of Workday during the second quarter valued at approximately $279,000. Institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In related news, insider Richard Harry Sauer sold 2,320 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the completion of the transaction, the insider owned 90,077 shares of the company’s stock, valued at approximately $21,246,461.99. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 264,933 shares of company stock worth $61,475,760. 19.31% of the stock is currently owned by insiders.

Workday Trading Down 1.0%

Workday stock opened at $234.76 on Thursday. The company has a 50 day moving average price of $230.93 and a 200 day moving average price of $236.80. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market capitalization of $62.68 billion, a price-to-earnings ratio of 108.69, a P/E/G ratio of 2.96 and a beta of 1.10.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping 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 firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the business posted $1.75 EPS. 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 forecast that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup lowered their price objective on shares of Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Workday from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Piper Sandler upgraded shares of Workday from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $220.00 to $235.00 in a research note on Wednesday, September 17th. TD Cowen decreased 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. Finally, Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $287.83.

Workday Company 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.