Delta Financial Advisors LLC Sells 239 Shares of Workday, Inc. $WDAY

Delta Financial Advisors LLC decreased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 6.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,297 shares of the software maker’s stock after selling 239 shares during the period. Delta Financial Advisors LLC’s holdings in Workday were worth $791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised 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 buying an additional 455,855 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Workday by 47.5% during 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 acquiring an additional 1,211,659 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Workday by 0.4% during the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock worth $872,610,000 after acquiring an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Workday by 35.6% in 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 during the last quarter. Finally, Parnassus Investments LLC boosted its stake in shares of Workday by 22.4% in the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after purchasing an additional 548,694 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s 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 of the company’s stock, valued at approximately $4,803,129.44. This trade represents a 23.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 78,564 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider owned 102,997 shares in the company, valued at $22,671,699.64. This represents a 43.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 264,933 shares of company stock worth $61,475,760. Company insiders own 19.31% of the company’s stock.

Workday Price Performance

Shares of WDAY stock opened at $225.17 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The firm has a market cap of $60.12 billion, a P/E ratio of 104.25, a P/E/G ratio of 2.80 and a beta of 1.11. The business’s 50 day moving average price is $234.83 and its 200-day moving average price is $238.17.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates 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%.The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WDAY. Evercore ISI boosted their price target on shares of Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $265.00 target price on shares of Workday in a research note on Wednesday, September 17th. Royal Bank Of Canada restated an “outperform” rating and set a $340.00 price target on shares of Workday in a research report on Wednesday, September 17th. Stifel Nicolaus decreased their price target on Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a research note on Friday, August 22nd. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $304.00 price objective on shares of Workday in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Workday has a consensus rating of “Moderate Buy” and an average target price of $287.86.

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.