Capital Advantage Inc. Sells 2,450 Shares of Workday, Inc. $WDAY

Key Points

• Capital Advantage Inc. reduced its position in Workday, Inc. by 14.2% during the second quarter, holding 14,828 shares valued at approximately $3.56 million.
• Institutional investors currently own 89.81% of Workday's stock, indicating strong institutional interest and confidence in the company's performance.
• Workday reported an EPS of $2.21 for the last quarter, exceeding estimates and showing a 12.6% revenue increase year-over-year, highlighting its growth trajectory.

Capital Advantage Inc. lessened its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 14.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,828 shares of the software maker's stock after selling 2,450 shares during the period. Capital Advantage Inc.'s holdings in Workday were worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock valued at $28,000 after buying an additional 54 shares in the last quarter. Dagco Inc. purchased a new stake in Workday in the first quarter worth $31,000. Farmers & Merchants Investments Inc. purchased a new stake in Workday in the first quarter worth $32,000. Financial Management Professionals Inc. lifted its position in Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after buying an additional 54 shares during the period. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Workday during the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered their price target 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. Zacks Research upgraded shares of Workday from a "hold" rating to a "strong-buy" rating in a report on Thursday. Guggenheim upgraded Workday from a "neutral" rating to a "buy" rating and set a $285.00 price target on the stock in a research note on Wednesday. BMO Capital Markets lowered their price objective on Workday from $314.00 to $285.00 and set an "outperform" rating for the company in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. dropped their target price on Workday from $295.00 to $290.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $287.83.

Insider Activity

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the sale, the chief executive officer owned 1,472 shares in the company, valued at approximately $352,440.96. This trade represents a 80.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 178,418 shares of the company's stock, valued at approximately $42,747,168.62. This trade represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,024 shares of company stock worth $76,664,934. 20.00% of the stock is owned by corporate insiders.

Workday Stock Up 0.1%

Shares of Workday stock traded up $0.12 on Friday, reaching $233.62. The company's stock had a trading volume of 5,925,724 shares, compared to its average volume of 3,650,568. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The firm's fifty day simple moving average is $228.66 and its two-hundred day simple moving average is $237.73. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $62.38 billion, a price-to-earnings ratio of 108.16, a P/E/G ratio of 3.08 and a beta of 1.12.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS 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 company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same period last year, the firm posted $1.75 earnings per share. Workday's revenue was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

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.