6,462 Shares in Workday, Inc. $WDAY Bought by Tealwood Asset Management Inc.

Key Points

• Tealwood Asset Management Inc. acquired 6,462 shares of Workday, Inc. valued at approximately $1.55 million during the second quarter.
• Workday's stock received various analyst ratings, with a consensus target price of $287.83 and 3 analysts rating it a Strong Buy.
• Insiders have sold 247,004 shares in the last three months, indicating an overall decrease in insider ownership and recent trading activity.

Tealwood Asset Management Inc. bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,462 shares of the software maker's stock, valued at approximately $1,551,000.

A number of other large investors also recently bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its position in shares of Workday by 76.1% during the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after purchasing an additional 54 shares in the last quarter. Dagco Inc. purchased a new position in shares of Workday during the first quarter worth approximately $31,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Workday during the first quarter worth approximately $32,000. Financial Management Professionals Inc. lifted its holdings in shares of Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after purchasing an additional 54 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of Workday during the first quarter worth $40,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on WDAY. Needham & Company LLC reissued a "buy" rating and issued a $300.00 target price on shares of Workday in a report on Wednesday, September 17th. Barclays lifted their price objective on Workday from $285.00 to $288.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. Canaccord Genuity Group dropped their price objective on Workday from $330.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. KeyCorp lowered their price target on Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Stifel Nicolaus reduced their price objective on Workday from $275.00 to $255.00 and set a "hold" rating on the stock in a research note on Friday, August 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $287.83.

Insider Transactions at Workday

In other news, insider Richard Harry Sauer sold 1,160 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $235.41, for a total value of $273,075.60. Following the completion of the sale, the insider owned 95,756 shares in the company, valued at $22,541,919.96. This represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Mark S. Garfield sold 451 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total value of $105,921.86. Following the sale, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at approximately $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 247,004 shares of company stock worth $57,511,876. Corporate insiders own 20.00% of the company's stock.

Workday Price Performance

Shares of NASDAQ WDAY opened at $247.69 on Tuesday. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. 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 company has a market capitalization of $66.13 billion, a price-to-earnings ratio of 114.67, a price-to-earnings-growth ratio of 3.25 and a beta of 1.12. The business has a 50 day simple moving average of $230.41 and a 200-day simple moving average of $237.73.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the business earned $1.75 EPS. The firm's revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Workday 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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