NBC Securities Inc. Acquires 5,899 Shares of Workday, Inc. $WDAY

Key Points

• NBC Securities Inc. increased its holdings in Workday, Inc. by 83.3% during the second quarter, now owning a total of 12,984 shares valued at approximately $3.12 million.
• Workday reported earnings of $2.21 per share for the recent quarter, exceeding analyst estimates of $2.09, with a revenue of $2.35 billion.
• Institutional investors own 89.81% of Workday's stock, indicating strong investor confidence in the company, alongside various analysts adjusting price targets and ratings for its shares.

NBC Securities Inc. grew its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 83.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,984 shares of the software maker's stock after purchasing an additional 5,899 shares during the quarter. NBC Securities Inc.'s holdings in Workday were worth $3,116,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Workday by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker's stock valued at $4,810,404,000 after purchasing an additional 455,855 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock valued at $879,147,000 after purchasing an additional 1,211,659 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Workday by 0.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker's stock valued at $872,610,000 after purchasing an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Workday by 35.6% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock valued at $812,475,000 after purchasing an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC raised its holdings in shares of Workday by 22.4% in the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker's stock valued at $699,756,000 after purchasing an additional 548,694 shares in the last quarter. Institutional investors own 89.81% of the company's stock.

Workday Stock Down 1.4%

NASDAQ:WDAY opened at $223.39 on Monday. The company has a market cap of $59.65 billion, a PE ratio of 103.42, a P/E/G ratio of 3.11 and a beta of 1.12. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. 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's 50 day moving average is $229.28 and its two-hundred day moving average is $238.72.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results 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 company had revenue of $2.35 billion for 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 revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 72,551 shares of Workday stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $239.61, for a total transaction of $17,383,945.11. Following the completion of the sale, the insider directly owned 102,997 shares in the company, valued at approximately $24,679,111.17. The trade was a 41.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction that occurred 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 of the company's stock, valued at approximately $10,093,578.22. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 303,380 shares of company stock valued at $72,906,654. 20.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WDAY has been the topic of a number of analyst reports. Oppenheimer cut their price objective on shares of Workday from $300.00 to $270.00 and set an "outperform" rating on the stock in a research report on Friday, August 22nd. Loop Capital cut their price objective on shares of Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research report on Friday, May 23rd. Barclays cut their price objective on shares of Workday from $321.00 to $298.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Morgan Stanley set a $255.00 price objective on shares of Workday and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Finally, Cantor Fitzgerald raised shares of Workday to a "strong-buy" rating in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $286.81.

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.

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