1,385 Shares in Workday, Inc. $WDAY Acquired by D.B. Root & Company LLC

Key Points

• D.B. Root & Company LLC acquired 1,385 shares of Workday, Inc., valued at approximately $332,000, marking a significant investment in the software maker during the second quarter.
• Workday reported a 12.6% increase in quarterly revenue year-over-year, with earnings per share of $2.21, surpassing analysts’ expectations.
• Major shareholder David A. Duffield has sold 72,118 shares of Workday, resulting in a 41.18% decrease in his ownership, highlighting a significant insider transaction.

D.B. Root & Company LLC bought a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,385 shares of the software maker's stock, valued at approximately $332,000.

Several other institutional investors have also added to or reduced their stakes in WDAY. Duncan Williams Asset Management LLC increased its stake in shares of Workday by 16.2% in the 2nd quarter. Duncan Williams Asset Management LLC now owns 3,664 shares of the software maker's stock worth $879,000 after purchasing an additional 510 shares in the last quarter. Sendero Wealth Management LLC grew its holdings in Workday by 5.7% during the second quarter. Sendero Wealth Management LLC now owns 6,561 shares of the software maker's stock valued at $1,575,000 after purchasing an additional 352 shares during the period. Valeo Financial Advisors LLC increased its position in Workday by 40.0% in the second quarter. Valeo Financial Advisors LLC now owns 3,048 shares of the software maker's stock worth $732,000 after buying an additional 871 shares in the last quarter. Grimes & Company Inc. bought a new position in shares of Workday in the second quarter worth about $7,019,000. Finally, Three Bridge Wealth Advisors LLC lifted its position in shares of Workday by 8.9% during the 2nd quarter. Three Bridge Wealth Advisors LLC now owns 2,017 shares of the software maker's stock valued at $484,000 after buying an additional 165 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $236.48 on Monday. 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. The company has a market capitalization of $63.14 billion, a price-to-earnings ratio of 109.48, a PEG ratio of 2.95 and a beta of 1.10. The firm's 50-day moving average is $230.06 and its 200 day moving average is $237.28.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $2.35 billion during 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 firm's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WDAY shares. Citigroup decreased their target price on shares of Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Cowen reiterated a "buy" rating on shares of Workday in a research note on Wednesday, September 17th. Needham & Company LLC restated a "buy" rating and issued a $300.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $265.00 price objective on shares of Workday in a research note on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $287.83.

Insiders Place Their Bets

In other news, major shareholder David A. Duffield sold 72,118 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $241.57, for a total transaction of $17,421,545.26. Following the transaction, the insider directly owned 102,997 shares of the company's stock, valued at approximately $24,880,985.29. This trade represents a 41.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total value of $1,437,540.00. Following the sale, the chief financial officer directly owned 178,418 shares of the company's stock, valued at approximately $42,747,168.62. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 253,254 shares of company stock valued at $58,996,376. Insiders own 20.00% of the company's stock.

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.

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