Diversified Trust Co Acquires 1,699 Shares of Workday, Inc. $WDAY

Key Points

• Diversified Trust Co increased its stake in Workday, Inc. by 35.0% during the second quarter, acquiring an additional 1,699 shares, bringing its total holdings to 6,557 shares worth $1,574,000.
• Major shareholder David A. Duffield sold 78,564 shares for over $17 million, indicating a significant reduction in his position by 43.27%.
• Workday reported a quarterly revenue of $2.35 billion, exceeding analyst expectations and marking a 12.6% year-over-year increase in revenue.

Diversified Trust Co grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 35.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,557 shares of the software maker's stock after acquiring an additional 1,699 shares during the quarter. Diversified Trust Co's holdings in Workday were worth $1,574,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in Workday by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock worth $5,288,000 after buying an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Workday by 13.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock worth $265,000 after acquiring an additional 139 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Workday by 33.8% in the first quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker's stock worth $7,486,000 after acquiring an additional 8,093 shares in the last quarter. Sowell Financial Services LLC bought a new position in Workday in the first quarter valued at $290,000. Finally, D.A. Davidson & CO. raised its position in Workday by 27.8% during the first quarter. D.A. Davidson & CO. now owns 1,601 shares of the software maker's stock valued at $374,000 after purchasing an additional 348 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 78,564 shares of the firm's stock in a transaction that occurred on 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction 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 transaction, the chief executive officer owned 1,472 shares of the company's stock, valued at $352,440.96. The trade was a 80.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 328,024 shares of company stock valued at $76,664,934. Insiders own 20.00% of the company's stock.

Workday Price Performance

WDAY opened at $233.62 on Monday. 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 company has a market cap of $62.38 billion, a price-to-earnings ratio of 108.16, a price-to-earnings-growth ratio of 3.08 and a beta of 1.12. The stock has a fifty day simple moving average of $228.66 and a two-hundred day simple moving average of $237.73. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00.

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

Analyst Ratings Changes

WDAY has been the subject of a number of research reports. Wall Street Zen upgraded Workday from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. KeyCorp cut their target price on Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, September 17th. Zacks Research upgraded shares of Workday from a "hold" rating to a "strong-buy" rating in a report on Thursday. Finally, Oppenheimer cut their price objective on shares of Workday from $300.00 to $270.00 and set an "outperform" rating for the company in a research note on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Workday presently has a consensus rating of "Moderate Buy" and a consensus price target of $287.83.

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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