J. Safra Sarasin Holding AG Sells 5,346 Shares of Workday, Inc. $WDAY

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Workday, Inc. by 5.5%, selling 5,346 shares and leaving them with a total of 91,592 shares valued at approximately $21.98 million.
• Analysts have differing price targets for Workday, with a consensus price target of $287.83, while three analysts have rated the stock as a Strong Buy.
• Workday recently reported $2.21 EPS, exceeding analyst estimates, and its revenue for the quarter was up 12.6% year-over-year, highlighting the company's solid financial performance.

J. Safra Sarasin Holding AG decreased its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,592 shares of the software maker's stock after selling 5,346 shares during the period. J. Safra Sarasin Holding AG's holdings in Workday were worth $21,982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of WDAY. Cornerstone Planning Group LLC lifted its stake 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 worth $28,000 after purchasing an additional 54 shares during the last quarter. Dagco Inc. purchased a new stake in shares of Workday during the first quarter valued at about $31,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Workday in the 1st quarter valued at about $32,000. Financial Management Professionals Inc. grew its position in shares of Workday by 54.0% in the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after buying an additional 54 shares during the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Workday during the 1st quarter worth approximately $40,000. Institutional investors own 89.81% of the company's stock.

Analysts Set New Price Targets

WDAY has been the topic of several analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $300.00 price target on shares of Workday in a report on Wednesday, September 17th. TD Cowen lowered their price target on Workday from $310.00 to $290.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Guggenheim upgraded shares of Workday from a "neutral" rating to a "buy" rating and set a $285.00 price objective on the stock in a report on Wednesday, September 17th. Bank of America lowered their target price on shares of Workday from $295.00 to $278.00 and set a "buy" rating for the company in a research note on Tuesday, August 19th. Finally, Piper Sandler raised shares of Workday from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $220.00 to $235.00 in a report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $287.83.

Insider Activity

In related news, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total value of $1,437,540.00. Following the completion of the transaction, the chief financial officer directly owned 178,418 shares in the company, valued at $42,747,168.62. The trade was a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Mark S. Garfield sold 451 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the sale, the chief accounting officer owned 42,977 shares in the company, valued at approximately $10,093,578.22. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 247,004 shares of company stock valued at $57,511,876 in the last quarter. Company insiders own 19.31% of the company's stock.

Workday Price Performance

Shares of WDAY opened at $232.10 on Friday. The business's 50-day moving average is $230.17 and its two-hundred day moving average is $237.59. The company has a market capitalization of $61.97 billion, a P/E ratio of 107.45, a P/E/G ratio of 2.90 and a beta of 1.10. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS 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 analyst estimates of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.Workday's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.75 earnings per share. 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 year.

About Workday

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.