CHICAGO TRUST Co NA Acquires 2,740 Shares of Workday, Inc. $WDAY

Key Points

• CHICAGO TRUST Co NA has increased its holdings in Workday, Inc. by 63.9%, acquiring an additional 2,740 shares during the second quarter, bringing their total ownership to 7,030 shares valued at approximately $1.69 million.
• Equity research analysts have raised their price targets for Workday, with Evercore ISI increasing its target to $300 and Barclays raising it to $288, reflecting a consensus rating of "Moderate Buy".
• Insider trading activity showed a total of 254,053 shares sold worth over $59 million in the last three months, indicating some level of profit-taking among corporate insiders.

CHICAGO TRUST Co NA increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 63.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,030 shares of the software maker's stock after purchasing an additional 2,740 shares during the period. CHICAGO TRUST Co NA's holdings in Workday were worth $1,687,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of WDAY. Cornerstone Planning Group LLC lifted 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 purchasing an additional 54 shares in the last quarter. Dagco Inc. bought a new position in shares of Workday during the 1st quarter valued at about $31,000. Farmers & Merchants Investments Inc. bought a new position in shares of Workday during the 1st quarter valued at about $32,000. Financial Management Professionals Inc. lifted its holdings in shares of Workday by 54.0% during the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after purchasing an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in Workday in the 1st quarter valued at approximately $40,000. Institutional investors own 89.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on WDAY shares. Evercore ISI boosted their target price on Workday from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Wednesday, September 17th. Barclays boosted their target price on Workday from $285.00 to $288.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. UBS Group set a $304.00 target price on Workday in a research note on Friday, August 22nd. Guggenheim upgraded Workday from a "neutral" rating to a "buy" rating and set a $285.00 target price on the stock in a research note on Wednesday, September 17th. Finally, Bank of America cut their target price on Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. Three equities research 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $287.83.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 451 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the completion of the sale, the chief accounting officer directly owned 42,977 shares in the company, valued at $10,093,578.22. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard Harry Sauer sold 1,160 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $235.41, for a total value of $273,075.60. Following the completion of the sale, the insider owned 95,756 shares of the company's stock, valued at $22,541,919.96. This trade represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,053 shares of company stock worth $59,011,015 over the last three months. 20.00% of the stock is currently owned by corporate insiders.

Workday Stock Up 3.9%

WDAY stock opened at $242.66 on Tuesday. The business's 50 day simple moving average is $229.02 and its 200 day simple moving average is $237.66. The firm has a market capitalization of $64.79 billion, a PE ratio of 112.34, a PEG ratio of 3.08 and a beta of 1.12. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. 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 (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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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