6,220 Shares in Workday, Inc. $WDAY Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd purchased 6,220 shares of Workday, Inc. for approximately $1.45 million, indicating strong institutional interest in the company's stock.
• Workday's stock has received a range of ratings from analysts, including a "buy" rating from Wall Street Zen and price target adjustments from firms like Morgan Stanley and Oppenheimer.
• In the latest earnings report, Workday exceeded EPS expectations by reporting $2.21, while quarterly revenue grew by 12.6% compared to the previous year.

Dynamic Technology Lab Private Ltd bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,220 shares of the software maker's stock, valued at approximately $1,453,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Private Trust Co. NA increased its position in Workday by 15.2% during the first quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock worth $74,000 after acquiring an additional 42 shares during the period. Salvus Wealth Management LLC increased its position in Workday by 2.8% during the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock worth $387,000 after acquiring an additional 45 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Workday by 15.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock valued at $82,000 after buying an additional 46 shares during the period. AE Wealth Management LLC increased its holdings in Workday by 0.4% in the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker's stock valued at $2,778,000 after buying an additional 46 shares during the period. Finally, Bristlecone Advisors LLC increased its holdings in Workday by 1.6% in the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker's stock valued at $693,000 after buying an additional 47 shares during the period. Institutional investors own 89.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Morgan Stanley set a $255.00 price target on shares of Workday and gave the company an "equal weight" rating in a report on Friday, May 23rd. Oppenheimer lowered their price target on shares of Workday from $300.00 to $270.00 and set an "outperform" rating on the stock in a report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, Citigroup lowered 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. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $286.81.

Workday Stock Down 0.0%

WDAY opened at $231.08 on Monday. The firm's 50-day simple moving average is $230.52 and its 200-day simple moving average is $239.88. 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 twelve month low of $205.33 and a twelve month high of $294.00. The firm has a market cap of $61.70 billion, a price-to-earnings ratio of 106.98, a PEG ratio of 3.22 and a beta of 1.12.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 451 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the transaction, the chief accounting officer owned 42,977 shares in the company, valued at $10,093,578.22. This represents a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the company's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the transaction, the chief financial officer owned 178,418 shares in the company, valued at approximately $42,747,168.62. This trade represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 318,380 shares of company stock worth $76,586,604 in the last 90 days. Corporate 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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