Vestmark Advisory Solutions Inc. Lowers Position in Workday, Inc. $WDAY

Vestmark Advisory Solutions Inc. lessened its stake in Workday, Inc. (NASDAQ:WDAY) by 16.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,593 shares of the software maker’s stock after selling 1,729 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Workday were worth $2,062,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of WDAY. Verdence Capital Advisors LLC raised its position in Workday by 1.0% in the 2nd quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $1,051,000 after buying an additional 45 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Workday by 15.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock worth $82,000 after buying an additional 46 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of Workday by 0.4% in the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock valued at $2,778,000 after acquiring an additional 46 shares in the last quarter. Bristlecone Advisors LLC grew its holdings in shares of Workday by 1.6% in the first quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock valued at $693,000 after acquiring an additional 47 shares in the last quarter. Finally, Equitable Trust Co. increased its position in shares of Workday by 4.0% during the first quarter. Equitable Trust Co. now owns 1,257 shares of the software maker’s stock valued at $294,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WDAY shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $340.00 price target on shares of Workday in a report on Wednesday, September 17th. Stifel Nicolaus decreased their target price on Workday from $275.00 to $255.00 and set a “hold” rating for the company in a research report on Friday, August 22nd. Barclays lifted their target price on Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Guggenheim upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 price target for the company in a research report on Wednesday, September 17th. Finally, Evercore ISI raised their price objective on shares of Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $287.86.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 75,053 shares of the company’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 sale, the insider directly owned 102,997 shares in the company, valued at approximately $24,342,310.98. This represents a 42.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael M. Mcnamara sold 5,393 shares of the firm’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the completion of the transaction, the director directly owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. This trade represents a 18.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 264,933 shares of company stock valued at $61,475,760. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Up 0.3%

WDAY stock opened at $225.17 on Monday. The stock has a fifty day moving average of $234.83 and a 200-day moving average of $238.39. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The company has a market capitalization of $60.12 billion, a price-to-earnings ratio of 104.25, a PEG ratio of 2.81 and a beta of 1.11. 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 (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

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.