Grimes & Company Inc. Acquires Shares of 29,245 Workday, Inc. $WDAY

Grimes & Company Inc. bought a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 29,245 shares of the software maker’s stock, valued at approximately $7,019,000.

A number of other institutional investors also recently modified their holdings of the business. Cornerstone Planning Group LLC boosted 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 purchasing an additional 54 shares during the period. Dagco Inc. acquired a new stake in shares of Workday in the first quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Workday in the first quarter valued at approximately $32,000. Pinnacle Bancorp Inc. bought a new stake in shares of Workday in the first quarter valued at approximately $40,000. Finally, BankPlus Trust Department acquired a new stake in Workday during the first quarter worth approximately $40,000. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling

In other news, CAO Mark S. Garfield sold 451 shares of the business’s 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 transaction, the chief accounting officer directly owned 42,977 shares of the company’s stock, valued at $10,093,578.22. The trade was a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Harry Sauer sold 1,160 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $235.41, for a total value of $273,075.60. Following the sale, the insider owned 95,756 shares in the company, valued at approximately $22,541,919.96. The trade was a 1.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 253,254 shares of company stock worth $58,996,376. Corporate insiders own 20.00% of the company’s stock.

Workday Trading Up 1.9%

NASDAQ WDAY opened at $236.48 on Monday. The firm has a market capitalization of $63.14 billion, a PE ratio of 109.48, a price-to-earnings-growth ratio of 2.95 and a beta of 1.10. The business’s 50-day moving average price is $230.06 and its two-hundred day moving average price is $237.28. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. The company 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%.The firm’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. On average, analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WDAY. Sanford C. Bernstein reiterated an “outperform” rating and set a $304.00 target price on shares of Workday in a research report on Friday, August 22nd. Stifel Nicolaus cut their price objective on shares of Workday from $275.00 to $255.00 and set a “hold” rating for the company in a research report on Friday, August 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $265.00 price objective on shares of Workday in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Workday from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, TD Cowen reduced their price target on shares of Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Workday has an average rating of “Moderate Buy” and a consensus target price of $287.83.

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.