Concurrent Investment Advisors LLC Purchases 226 Shares of Workday, Inc. $WDAY

Concurrent Investment Advisors LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 8.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,892 shares of the software maker’s stock after purchasing an additional 226 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Workday were worth $694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in WDAY. Janney Montgomery Scott LLC boosted its holdings in Workday by 5.0% in the first quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker’s stock worth $5,288,000 after acquiring an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Workday by 13.9% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker’s stock worth $265,000 after acquiring an additional 139 shares in the last quarter. Chicago Capital LLC boosted its holdings in Workday by 2.2% in the second quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock worth $42,193,000 after acquiring an additional 3,824 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Workday by 33.8% in the first quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock worth $7,486,000 after acquiring an additional 8,093 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Workday by 21.1% in 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 acquiring an additional 5,300 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Up 2.9%

Workday stock opened at $234.25 on Friday. The stock has a market cap of $62.54 billion, a PE ratio of 108.45, a price-to-earnings-growth ratio of 2.84 and a beta of 1.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The stock has a fifty day moving average of $231.31 and a 200 day moving average of $236.75.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.Workday’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on WDAY. Sanford C. Bernstein reissued an “outperform” rating and issued a $304.00 target price on shares of Workday in a report on Friday, August 22nd. DA Davidson boosted their target price on Workday from $225.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Canaccord Genuity Group decreased their price target on Workday from $330.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. Citigroup decreased their price target on Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Finally, Guggenheim upgraded Workday from a “neutral” rating to a “buy” rating and set a $285.00 price target for the company in a research note on Wednesday, September 17th. Three investment 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $287.83.

Insider Activity at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 168,468 shares in the company, valued at approximately $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard Harry Sauer sold 2,320 shares of the company’s stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Insiders have sold 264,933 shares of company stock valued at $61,475,760 in the last 90 days. 19.31% of the stock is 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.