Blue Trust Inc. Has $840,000 Position in Workday, Inc. $WDAY

Blue Trust Inc. raised its stake in Workday, Inc. (NASDAQ:WDAY) by 17.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,502 shares of the software maker’s stock after buying an additional 527 shares during the quarter. Blue Trust Inc.’s holdings in Workday were worth $840,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of WDAY. Brighton Jones LLC lifted its stake in Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after buying an additional 2,792 shares in the last quarter. Farther Finance Advisors LLC lifted its stake 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 in the last quarter. Harbor Capital Advisors Inc. lifted its stake 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 in the last quarter. GAMMA Investing LLC lifted its stake 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 in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Workday by 29.6% in the first quarter. SG Americas Securities LLC now owns 12,619 shares of the software maker’s stock valued at $2,947,000 after buying an additional 2,880 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Activity at Workday

In other Workday news, major shareholder David A. Duffield sold 78,564 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total value of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares in the company, valued at $22,671,699.64. The trade was a 43.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the completion of the transaction, the chief financial officer owned 168,468 shares in the company, valued at approximately $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,625 shares of company stock valued at $59,749,934 in the last ninety days. Company insiders own 19.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on WDAY shares. UBS Group set a $304.00 price target on shares of Workday in a research note on Friday, August 22nd. Canaccord Genuity Group cut their price target on shares of Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Bank of America cut their price objective on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. DA Davidson boosted their price objective on shares of Workday from $225.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Finally, Zacks Research raised shares of Workday from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

Workday Stock Performance

NASDAQ WDAY opened at $233.18 on Friday. 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 firm’s fifty day moving average price is $230.35 and its two-hundred day moving average price is $236.87. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The firm has a market capitalization of $62.26 billion, a P/E ratio of 107.95, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the firm posted $1.75 earnings per share. The company’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. As a group, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.