Lion Street Advisors LLC Buys Shares of 1,103 Workday, Inc. $WDAY

Key Points

• Lion Street Advisors LLC acquired a new stake in Workday, buying 1,103 shares valued at approximately $265,000, as per their recent SEC filing.
• Workday's recent earnings report showed an earnings per share (EPS) of $2.21, surpassing analysts' expectations of $2.09, with revenue increasing 12.6% year-over-year.
• Institutional investors now hold 89.81% of Workday's shares, indicating strong institutional interest in the company.

Lion Street Advisors LLC bought a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,103 shares of the software maker's stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also modified their holdings of WDAY. Nuveen LLC acquired a new stake in shares of Workday in the 1st quarter valued at $456,341,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock worth $879,147,000 after buying an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock worth $812,475,000 after buying an additional 913,613 shares during the last quarter. Generation Investment Management LLP lifted its position in shares of Workday by 36.6% in the first quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker's stock worth $678,117,000 after buying an additional 778,301 shares during the last quarter. Finally, Parnassus Investments LLC lifted its holdings in Workday by 22.4% in the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker's stock worth $699,756,000 after purchasing an additional 548,694 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Trading Up 1.5%

Workday stock opened at $236.60 on Tuesday. The business has a 50 day moving average price of $230.58 and a two-hundred day moving average price of $236.81. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The stock has a market cap of $63.17 billion, a price-to-earnings ratio of 109.54, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10. 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 issued 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 business had revenue of $2.35 billion during 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 was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In other news, insider Richard Harry Sauer sold 2,320 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 78,564 shares of the stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 257,625 shares of company stock worth $59,749,934. Corporate insiders own 20.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WDAY shares. Evercore ISI boosted their target price on Workday from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. Piper Sandler upgraded shares of Workday from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $220.00 to $235.00 in a research note on Wednesday, September 17th. Bank of America reduced their price objective 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. Guggenheim raised shares of Workday from a "neutral" rating to a "buy" rating and set a $285.00 target price for the company in a research report on Wednesday, September 17th. Finally, Wells Fargo & Company cut their target price 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 investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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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