Banque Transatlantique SA Takes $293,000 Position in Workday, Inc. $WDAY

Key Points

• Banque Transatlantique SA has acquired a new position in Workday, Inc., purchasing 1,358 shares valued at approximately $293,000 during Q1.
• Workday reported $2.21 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $2.09 and demonstrating a 12.6% year-over-year revenue increase.
• Insider trading activity includes CEO Carl M. Eschenbach selling 6,250 shares, reducing his stake by 80.94%, while major shareholder David A. Duffield sold 73,971 shares.

Banque Transatlantique SA purchased a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,358 shares of the software maker's stock, valued at approximately $293,000.

A number of other hedge funds also recently made changes to their positions in WDAY. Cornerstone Planning Group LLC boosted its position in Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after buying an additional 54 shares during the period. Dagco Inc. acquired a new stake in Workday during the 1st quarter worth approximately $31,000. Farmers & Merchants Investments Inc. acquired a new stake in Workday during the 1st quarter worth approximately $32,000. Financial Management Professionals Inc. boosted its position in Workday by 54.0% during the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after buying an additional 54 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new stake in Workday during the 1st quarter worth approximately $40,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Down 1.0%

Shares of NASDAQ WDAY opened at $231.13 on Friday. The company has a market capitalization of $61.71 billion, a P/E ratio of 107.01, a price-to-earnings-growth ratio of 3.25 and a beta of 1.12. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The company's 50 day moving average price is $230.64 and its 200-day moving average price is $240.41.

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

Insider Activity at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the transaction, the chief executive officer owned 1,472 shares in the company, valued at $352,440.96. The trade was a 80.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder David A. Duffield sold 73,971 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the transaction, the insider owned 102,997 shares in the company, valued at $24,581,264.02. The trade was a 41.80% 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 over the last quarter. 19.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on WDAY shares. Stifel Nicolaus cut their target price on shares of Workday from $275.00 to $255.00 and set a "hold" rating on the stock in a research report on Friday, August 22nd. KeyCorp cut their target price on shares of Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Wall Street Zen upgraded shares of Workday from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Workday from $295.00 to $290.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Workday presently has a consensus rating of "Moderate Buy" and a consensus target price of $286.81.

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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