GC Wealth Management RIA LLC Makes New $423,000 Investment in Workday, Inc. $WDAY

Key Points

• GC Wealth Management RIA LLC made a new investment of approximately $423,000 in Workday, Inc., acquiring 1,762 shares of the software maker's stock.
• A significant amount of institutional investment activity has been observed, with hedge funds and investors increasing their stakes in Workday, raising institutional ownership to 89.81% of the company's stock.
• Workday has received mixed analyst ratings, with a current consensus of "Moderate Buy" and an average price target of $287.83, despite some recent reductions in price targets from various firms.

GC Wealth Management RIA LLC bought a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 1,762 shares of the software maker's stock, valued at approximately $423,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Brighton Jones LLC lifted its position in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after acquiring an additional 2,792 shares during the last quarter. Merit Financial Group LLC lifted its position in Workday by 19.0% during the 1st quarter. Merit Financial Group LLC now owns 2,666 shares of the software maker's stock worth $623,000 after acquiring an additional 426 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Workday by 16.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 2,057 shares of the software maker's stock worth $480,000 after acquiring an additional 293 shares during the last quarter. Financial Management Professionals Inc. raised its position in shares of 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 last quarter. Finally, Grassi Investment Management raised its position in shares of Workday by 0.4% during the first quarter. Grassi Investment Management now owns 13,460 shares of the software maker's stock valued at $3,143,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Insider Activity

In other news, insider Richard Harry Sauer sold 1,160 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $235.41, for a total transaction of $273,075.60. Following the transaction, the insider directly owned 95,756 shares in the company, valued at approximately $22,541,919.96. This represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zane Rowe sold 6,000 shares of the company's 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 transaction, the chief financial officer owned 178,418 shares in the company, valued at $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 247,004 shares of company stock valued at $57,511,876 over the last three months. 19.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on WDAY shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $340.00 price objective on shares of Workday in a research report on Wednesday, September 17th. BMO Capital Markets cut their price objective on shares of Workday from $314.00 to $285.00 and set an "outperform" rating for the company in a research report on Friday, August 22nd. Bank of America cut their price objective on shares of Workday from $295.00 to $278.00 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Canaccord Genuity Group cut their price objective on shares of Workday from $330.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Finally, Wells Fargo & Company cut their price objective on shares of Workday from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $287.83.

Workday Price Performance

Shares of Workday stock opened at $232.21 on Thursday. 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 stock has a market capitalization of $62.00 billion, a price-to-earnings ratio of 107.51, a P/E/G ratio of 3.00 and a beta of 1.10. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The firm's 50-day moving average price is $230.27 and its two-hundred day moving average price is $237.71.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $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.

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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