Mutual Advisors LLC Grows Stock Holdings in Workday, Inc. $WDAY

Mutual Advisors LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 9.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,412 shares of the software maker’s stock after purchasing an additional 119 shares during the period. Mutual Advisors LLC’s holdings in Workday were worth $341,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Workday by 2.3% during the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock valued at $4,810,404,000 after purchasing an additional 455,855 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after purchasing an additional 1,211,659 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Workday by 0.4% during the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after purchasing an additional 14,354 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Workday by 35.6% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after purchasing an additional 913,613 shares during the last quarter. Finally, Parnassus Investments LLC lifted its holdings in shares of Workday by 22.4% during the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after purchasing an additional 548,694 shares during the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a research report on Wednesday, October 8th. Wall Street Zen upgraded Workday from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Guggenheim upgraded Workday from a “neutral” rating to a “buy” rating and set a $285.00 price target on the stock in a research note on Wednesday, September 17th. TD Cowen dropped their price target on Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Finally, Piper Sandler upgraded Workday from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $220.00 to $235.00 in a research note on Wednesday, September 17th. Three equities 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $287.83.

Workday Trading Up 3.0%

Shares of WDAY stock opened at $241.20 on Tuesday. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The firm has a fifty day moving average price of $231.86 and a 200-day moving average price of $236.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market cap of $64.40 billion, a price-to-earnings ratio of 111.67, a PEG ratio of 2.92 and a beta of 1.10.

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 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 the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm posted $1.75 EPS. The company’s revenue for the quarter 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. As a group, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In other news, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the completion of the sale, the director owned 24,078 shares of the company’s stock, valued at $5,662,182.48. The trade was a 18.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard Harry Sauer sold 2,320 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the transaction, the insider directly owned 90,077 shares of the company’s stock, valued at $21,246,461.99. This represents a 2.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 264,933 shares of company stock worth $61,475,760. Company insiders own 20.00% of the company’s stock.

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.