1,385 Shares in Workday, Inc. $WDAY Bought by D.B. Root & Company LLC

D.B. Root & Company LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,385 shares of the software maker’s stock, valued at approximately $332,000.

A number of other large investors also recently bought and sold shares of WDAY. Vanguard Group Inc. increased its holdings in shares of Workday by 2.3% during the 1st 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 in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Workday by 47.5% in 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 buying an additional 1,211,659 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Workday by 0.4% in 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 buying an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after acquiring an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC boosted its stake in shares of Workday by 22.4% during the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after acquiring an additional 548,694 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Price Performance

WDAY stock opened at $236.48 on Monday. The business’s fifty day moving average price is $230.06 and its 200 day moving average price is $237.28. 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 company has a market capitalization of $63.14 billion, a PE ratio of 109.48, a P/E/G ratio of 2.95 and a beta of 1.10.

Workday (NASDAQ:WDAY) last released its 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 company had revenue of $2.35 billion during 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%.Workday’s revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on WDAY. Oppenheimer cut their price target on Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Stifel Nicolaus dropped their price objective on Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a report on Friday, August 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $265.00 target price on shares of Workday in a research note on Wednesday, September 17th. TD Cowen decreased their target price on Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Workday from $295.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.83.

Insider Activity

In other news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the sale, the chief financial officer owned 178,418 shares of the company’s stock, valued at approximately $42,747,168.62. This represents a 3.25% 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, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on 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 owned 20,222 shares in the company, valued at approximately $4,803,129.44. The trade was a 23.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 253,254 shares of company stock worth $58,996,376 over the last 90 days. 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.