Workday, Inc. $WDAY Shares Sold by Venturi Wealth Management LLC

Venturi Wealth Management LLC cut its stake in Workday, Inc. (NASDAQ:WDAY) by 31.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,120 shares of the software maker’s stock after selling 513 shares during the period. Venturi Wealth Management LLC’s holdings in Workday were worth $269,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WDAY. Brighton Jones LLC boosted its position in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after acquiring an additional 2,792 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Workday by 2.7% in the first quarter. Farther Finance Advisors LLC now owns 3,494 shares of the software maker’s stock valued at $819,000 after buying an additional 93 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Workday by 93.9% in the first quarter. Harbor Capital Advisors Inc. now owns 4,509 shares of the software maker’s stock valued at $1,053,000 after buying an additional 2,184 shares during the period. GAMMA Investing LLC raised its holdings in Workday by 128.5% in the first quarter. GAMMA Investing LLC now owns 2,820 shares of the software maker’s stock valued at $659,000 after buying an additional 1,586 shares during the period. Finally, Simplicity Wealth LLC raised its holdings in Workday by 5.2% in the first quarter. Simplicity Wealth LLC now owns 1,344 shares of the software maker’s stock valued at $314,000 after buying an additional 67 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 75,053 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the completion of the sale, the insider owned 102,997 shares of the company’s stock, valued at approximately $24,342,310.98. This trade represents a 42.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the sale, the chief financial officer directly owned 168,468 shares of the company’s stock, valued at $39,189,026.16. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,625 shares of company stock worth $59,749,934 over the last three months. 19.31% of the stock is owned by corporate insiders.

Workday Trading Down 2.1%

WDAY opened at $233.18 on Friday. The firm has a market capitalization of $62.26 billion, a P/E ratio of 107.95, a P/E/G ratio of 2.97 and a beta of 1.10. The firm’s 50 day moving average is $230.35 and its 200-day moving average is $236.97. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping 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 business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the company earned $1.75 earnings per share. The business’s quarterly revenue 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. Analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

WDAY has been the topic of several research reports. Citigroup cut their price target on shares of Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Sanford C. Bernstein restated an “outperform” rating and issued a $304.00 price target on shares of Workday in a report on Friday, August 22nd. KeyCorp cut their price target on shares of Workday from $325.00 to $285.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Zacks Research upgraded shares of Workday from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Finally, Piper Sandler upgraded shares of Workday from an “underweight” rating to a “neutral” rating and raised their price target for the company from $220.00 to $235.00 in a report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.