Avanza Fonder AB Buys Shares of 13,121 Workday, Inc. $WDAY

Key Points

• Avanza Fonder AB has acquired a new position in Workday, purchasing 13,121 shares valued at approximately $3,149,000 in the second quarter of the year.
• Analysts have adjusted their price targets for Workday, with Oppenheimer reducing its target from $300 to $270, while others issued varied ratings, resulting in a consensus rating of "Moderate Buy" with an average target of $287.83.
• Major shareholder David A. Duffield sold 78,564 shares at an average price of $220.12, marking a 43.27% decrease in his position, while insiders have collectively sold $76.66 million worth of shares over the last ninety days.

Avanza Fonder AB purchased a new position in Workday, Inc. (NASDAQ:WDAY - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,121 shares of the software maker's stock, valued at approximately $3,149,000.

A number of other hedge funds have also modified their holdings of WDAY. Cornerstone Planning Group LLC boosted its position in shares of Workday by 76.1% in 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 during the period. Dagco Inc. bought a new position in shares of Workday in the first quarter worth approximately $31,000. Farmers & Merchants Investments Inc. bought a new position in shares of Workday in the first quarter worth approximately $32,000. Financial Management Professionals Inc. boosted its position in shares of Workday by 54.0% in 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. bought a new position in shares of Workday in the first quarter worth approximately $40,000. 89.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WDAY. Oppenheimer dropped their price target on shares of Workday from $300.00 to $270.00 and set an "outperform" rating for the company in a research report on Friday, August 22nd. DA Davidson upped their target price on shares of Workday from $225.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Workday from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and set a $340.00 target price on shares of Workday in a research report on Wednesday, September 17th. Finally, Stifel Nicolaus dropped their target price on shares of Workday from $275.00 to $255.00 and set a "hold" rating for the company in a research report on Friday, August 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $287.83.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 78,564 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total value of $17,293,507.68. Following the transaction, the insider owned 102,997 shares of the company's stock, valued at $22,671,699.64. This trade represents a 43.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the firm'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 completion of the transaction, the chief financial officer directly owned 178,418 shares in the company, valued at $42,747,168.62. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 328,024 shares of company stock worth $76,664,934 over the last ninety days. 20.00% of the stock is owned by insiders.

Workday Price Performance

Workday stock opened at $233.62 on Monday. The firm has a 50-day moving average price of $228.66 and a 200-day moving average price of $237.73. The firm has a market capitalization of $62.38 billion, a PE ratio of 108.16, a price-to-earnings-growth ratio of 3.08 and a beta of 1.12. 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.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results 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 firm had revenue of $2.35 billion during 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 business's revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities research analysts forecast that Workday, Inc. will post 2.63 EPS 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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