CreativeOne Wealth LLC Boosts Stock Position in Workday, Inc. $WDAY

Key Points

• CreativeOne Wealth LLC increased its stake in Workday, Inc. by 41.9% during the first quarter, now owning 4,099 shares valued at approximately $957,000.
• Workday's recent earnings report showed a profit of $2.21 per share, surpassing estimates, and revenue growth of 12.6% year-over-year, totaling $2.35 billion.
• Insider transactions revealed significant sales, with CEO Carl M. Eschenbach selling 6,250 shares for about $1.5 million, reflecting an 80.94% reduction in his ownership.

CreativeOne Wealth LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 41.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,099 shares of the software maker's stock after acquiring an additional 1,210 shares during the quarter. CreativeOne Wealth LLC's holdings in Workday were worth $957,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Workday by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker's stock valued at $4,810,404,000 after buying an additional 455,855 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Workday by 47.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock valued at $879,147,000 after purchasing an additional 1,211,659 shares during the last quarter. Brown Advisory Inc. increased its position in shares of Workday by 1.5% during the 4th quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker's stock valued at $911,027,000 after purchasing an additional 52,104 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock valued at $812,475,000 after purchasing an additional 913,613 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Workday by 6.6% in the 1st quarter. Northern Trust Corp now owns 2,413,712 shares of the software maker's stock worth $563,674,000 after acquiring an additional 149,731 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Activity

In other Workday news, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the transaction, the chief accounting officer owned 42,977 shares in the company, valued at $10,093,578.22. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George J. Still, Jr. sold 7,500 shares of Workday stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $248.41, for a total value of $1,863,075.00. Following the completion of the transaction, the director owned 67,500 shares in the company, valued at $16,767,675. This trade represents a 10.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 325,880 shares of company stock valued at $78,449,679. Company insiders own 20.00% of the company's stock.

Workday Stock Down 0.8%

Shares of Workday stock traded down $1.93 during trading on Tuesday, hitting $228.89. 3,936,749 shares of the stock traded hands, compared to its average volume of 3,836,420. The firm has a market cap of $61.11 billion, a P/E ratio of 105.97, a price-to-earnings-growth ratio of 3.22 and a beta of 1.12. The company has a current ratio of 2.10, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The stock's fifty day simple moving average is $230.77 and its 200 day simple moving average is $240.65.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Morgan Stanley set a $255.00 price target on Workday and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Stifel Nicolaus lowered their price target on Workday from $275.00 to $255.00 and set a "hold" rating for the company in a research report on Friday, August 22nd. Piper Sandler lowered their price target on Workday from $235.00 to $220.00 and set an "underweight" rating for the company in a research report on Friday, August 22nd. JPMorgan Chase & Co. lowered their price target on Workday from $295.00 to $290.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, KeyCorp lowered their price target on Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.