Three Bridge Wealth Advisors LLC Has $484,000 Stock Position in Workday, Inc. $WDAY

Three Bridge Wealth Advisors LLC raised its position in Workday, Inc. (NASDAQ:WDAY) by 8.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,017 shares of the software maker’s stock after acquiring an additional 165 shares during the period. Three Bridge Wealth Advisors LLC’s holdings in Workday were worth $484,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in WDAY. Cornerstone Planning Group LLC raised its holdings in Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after acquiring an additional 54 shares in the last quarter. Dagco Inc. acquired a new position in shares of Workday in the 1st quarter worth approximately $31,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Workday in the 1st quarter worth approximately $32,000. Pinnacle Bancorp Inc. acquired a new position in shares of Workday in the 1st quarter worth approximately $40,000. Finally, BankPlus Trust Department acquired a new position in shares of Workday in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the sale, the chief accounting officer owned 42,977 shares of the company’s stock, valued at $10,093,578.22. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $237.52, for a total value of $1,484,500.00. Following the completion of the sale, the chief executive officer directly owned 20,222 shares in the company, valued at $4,803,129.44. This represents a 23.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 253,254 shares of company stock worth $58,996,376 in the last three months. 19.31% of the stock is owned by insiders.

Analysts Set New Price Targets

WDAY has been the subject of a number of recent research reports. DA Davidson increased 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. Guggenheim raised Workday from a “neutral” rating to a “buy” rating and set a $285.00 target price for the company in a report on Wednesday, September 17th. 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. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, September 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Workday in a research report on Saturday, September 27th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and an average target price of $287.83.

Workday Stock Performance

Shares of Workday stock opened at $236.48 on Friday. The company has a market capitalization of $63.14 billion, a PE ratio of 109.48, a PEG ratio of 2.95 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 has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $230.06 and its 200 day simple moving average is $237.38.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm’s revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

About Workday

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.