Blair William & Co. IL Reduces Stock Holdings in Workday, Inc. $WDAY

Key Points

• Blair William & Co. IL reduced its holdings in Workday, Inc. by 3.9%, owning 1,067,119 shares valued at approximately $256 million after selling 43,471 shares.
• Despite some institutional selling, 89.81% of Workday's stock is still owned by institutional investors, indicating strong market confidence.
• Wall Street analysts have set a consensus price target of $287.83 for Workday, with recommendations ranging from "Strong Buy" to "Neutral."

Blair William & Co. IL trimmed its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,067,119 shares of the software maker's stock after selling 43,471 shares during the period. Blair William & Co. IL owned 0.40% of Workday worth $256,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in WDAY. Cornerstone Planning Group LLC lifted its holdings 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 valued at $28,000 after purchasing an additional 54 shares in the last quarter. Dagco Inc. acquired a new position in shares of Workday during the 1st quarter worth approximately $31,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Workday during the 1st quarter worth approximately $32,000. Pinnacle Bancorp Inc. acquired a new position in shares of Workday during the 1st quarter worth approximately $40,000. Finally, BankPlus Trust Department purchased a new position in Workday during the first quarter worth $40,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WDAY shares. UBS Group set a $304.00 price target on Workday in a research report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. TD Cowen reduced their target price on shares of Workday from $310.00 to $290.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. Cantor Fitzgerald reissued an "overweight" rating and issued a $265.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Finally, DA Davidson boosted their price objective on shares of Workday from $225.00 to $260.00 and gave the company a "neutral" rating in a research report on Friday, September 19th. 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $287.83.

Workday Trading Up 2.2%

Shares of WDAY opened at $238.25 on Thursday. The firm has a market capitalization of $63.61 billion, a P/E ratio of 110.30, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10. 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 stock's fifty day simple moving average is $229.95 and its 200 day simple moving average is $237.19. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its 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 return on equity of 9.74% and a net margin of 6.51%.The business had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the previous year, the business 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. On average, equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total value of $1,484,500.00. Following the completion of the sale, the chief executive officer directly owned 20,222 shares in the company, valued at approximately $4,803,129.44. This represents a 23.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard Harry Sauer sold 2,320 shares of the company's stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total value of $547,218.40. Following the completion of the sale, the insider directly owned 90,077 shares of the company's stock, valued at $21,246,461.99. The trade was a 2.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 182,572 shares of company stock valued at $42,011,908. 19.31% of the stock is currently owned by corporate insiders.

About Workday

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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