Callan Family Office LLC Buys New Position in Workday, Inc. $WDAY

Key Points

• Callan Family Office LLC acquired a new stake in Workday, Inc., purchasing 1,796 shares valued at approximately $431,000 during the second quarter.
• Major shareholder David A. Duffield sold 78,564 shares at an average price of $220.12, significantly reducing their ownership in the company.
• Analysts have mixed views on Workday's stock, with target prices ranging from $255.00 to $325.00, and a consensus average target of $287.83.

Callan Family Office LLC bought a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,796 shares of the software maker's stock, valued at approximately $431,000.

Several other hedge funds have also modified their holdings of WDAY. Brighton Jones LLC grew its stake in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock valued at $1,033,000 after purchasing an additional 2,792 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Workday by 128.5% in the 1st quarter. GAMMA Investing LLC now owns 2,820 shares of the software maker's stock worth $659,000 after acquiring an additional 1,586 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Workday by 3.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 40,545 shares of the software maker's stock worth $9,468,000 after acquiring an additional 1,469 shares in the last quarter. Dynamic Advisor Solutions LLC acquired a new position in shares of Workday in the 1st quarter worth approximately $245,000. Finally, Exchange Traded Concepts LLC grew its position in shares of Workday by 9.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 975 shares of the software maker's stock worth $228,000 after acquiring an additional 85 shares in the last quarter. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, September 17th. Stifel Nicolaus decreased their target price on Workday from $275.00 to $255.00 and set a "hold" rating for the company in a research report on Friday, August 22nd. Cowen reiterated a "buy" rating on shares of Workday in a research report on Wednesday, September 17th. KeyCorp reduced their price objective on Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, JMP Securities restated a "market outperform" rating and set a $315.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $287.83.

Workday Stock Up 0.2%

Shares of Workday stock opened at $237.18 on Wednesday. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The business's fifty day moving average price is $230.82 and its two-hundred day moving average price is $236.81. The company has a market capitalization of $63.33 billion, a P/E ratio of 109.81, a PEG ratio of 2.95 and a beta of 1.10.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating the consensus estimate 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 last year, the business posted $1.75 earnings per share. The company's quarterly 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, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

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 stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the firm's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total value of $1,395,720.00. Following the transaction, the chief financial officer directly owned 168,468 shares of the company's stock, valued at $39,189,026.16. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 264,933 shares of company stock valued at $61,475,760. Corporate insiders own 20.00% of the company's stock.

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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