Workday, Inc. $WDAY Stake Lifted by Bay Harbor Wealth Management LLC

Bay Harbor Wealth Management LLC increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 43.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 409 shares of the software maker’s stock after buying an additional 123 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in Workday were worth $98,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA grew 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 buying an additional 42 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Workday by 15.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock worth $82,000 after buying an additional 46 shares during the last quarter. AE Wealth Management LLC grew its stake in Workday by 0.4% during the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock worth $2,778,000 after buying an additional 46 shares during the last quarter. Bristlecone Advisors LLC grew its stake in Workday by 1.6% during the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock worth $693,000 after buying an additional 47 shares during the last quarter. Finally, Equitable Trust Co. grew its stake in Workday by 4.0% during the 1st quarter. Equitable Trust Co. now owns 1,257 shares of the software maker’s stock worth $294,000 after buying an additional 48 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Trading Up 1.9%

Shares of WDAY opened at $236.48 on Friday. The stock has a market capitalization of $63.14 billion, a P/E ratio of 109.48, a P/E/G ratio of 2.95 and a beta of 1.10. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $230.06 and its 200 day moving average price is $237.38.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share 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 return on equity of 9.74% and a net margin of 6.51%.Workday’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity

In related news, major shareholder David A. Duffield sold 78,564 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $22,671,699.64. The trade was a 43.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard Harry Sauer sold 1,160 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $235.41, for a total value of $273,075.60. Following the transaction, the insider directly owned 95,756 shares in the company, valued at $22,541,919.96. The trade was a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 253,254 shares of company stock valued at $58,996,376 in the last ninety days. Corporate insiders own 19.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on WDAY shares. UBS Group set a $304.00 price objective on Workday in a research note on Friday, August 22nd. Stifel Nicolaus reduced their price target on Workday from $275.00 to $255.00 and set a “hold” rating for the company in a research report on Friday, August 22nd. Royal Bank Of Canada reiterated 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 reduced their price target on Workday from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Workday in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.