Fiduciary Family Office LLC Reduces Stock Holdings in Workday, Inc. $WDAY

Key Points

• Fiduciary Family Office LLC reduced its stake in Workday, Inc. by 37.3% during the second quarter, leaving it with 2,074 shares valued at approximately $498,000.
• Institutional investors own roughly 89.81% of Workday's stock, with various hedge funds adjusting their positions, including Janney Montgomery Scott and Kingswood Wealth Advisors increasing theirs.
• Analysts have mixed ratings on Workday, with a consensus rating of "Moderate Buy" and a target price averaging $287.83, while the stock is currently priced at $241.20.

Fiduciary Family Office LLC lessened its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 37.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,074 shares of the software maker's stock after selling 1,232 shares during the quarter. Fiduciary Family Office LLC's holdings in Workday were worth $498,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WDAY. Janney Montgomery Scott LLC increased its holdings 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 during the period. Kingswood Wealth Advisors LLC boosted its holdings in shares of Workday by 13.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock valued at $265,000 after acquiring an additional 139 shares during the last quarter. Chicago Capital LLC boosted its holdings in shares of Workday by 2.2% in the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker's stock valued at $42,193,000 after acquiring an additional 3,824 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of 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 during the period. Finally, State of Alaska Department of Revenue raised its holdings in shares of Workday by 21.1% during the second quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker's stock worth $7,288,000 after purchasing an additional 5,300 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WDAY shares. Piper Sandler raised shares of Workday from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $220.00 to $235.00 in a research note on Wednesday, September 17th. BMO Capital Markets lowered their price target on shares of Workday from $314.00 to $285.00 and set an "outperform" rating on the stock in a research report on Friday, August 22nd. Cowen reiterated a "buy" rating on shares of Workday in a report on Wednesday, September 17th. Barclays raised their target price on shares of Workday from $285.00 to $288.00 and gave the stock an "overweight" rating in a research note on Thursday, September 18th. Finally, Wells Fargo & Company dropped their price target on Workday from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $287.83.

Workday Stock Performance

NASDAQ WDAY opened at $241.20 on Tuesday. 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 company has a market capitalization of $64.40 billion, a PE ratio of 111.67, a P/E/G ratio of 2.92 and a beta of 1.10. The company has a fifty day moving average of $231.86 and a two-hundred day moving average of $236.99. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00.

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

Insider Activity at Workday

In other news, insider Richard Harry Sauer sold 2,320 shares of the company's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the sale, the insider owned 90,077 shares in the company, valued at approximately $21,246,461.99. This represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total value of $1,484,500.00. Following the transaction, the chief executive officer directly owned 20,222 shares in the company, valued at approximately $4,803,129.44. This represents a 23.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,933 shares of company stock valued at $61,475,760 over the last 90 days. 20.00% of the stock is currently owned by insiders.

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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