Pallas Capital Advisors LLC Has $830,000 Stock Holdings in Workday, Inc. $WDAY

Key Points

• Pallas Capital Advisors LLC increased its stake in Workday, Inc. by 44.8%, acquiring an additional 1,071 shares during the second quarter, bringing its total ownership to 3,460 shares valued at approximately $830,000.
• Workday reported better-than-expected quarterly earnings with an EPS of $2.21, surpassing analysts' consensus estimate of $2.09, and achieving a revenue of $2.35 billion for the quarter.
• Recent analyst ratings for Workday include a "market outperform" rating from JMP Securities with a price target of $315.00, while BMO Capital Markets has reduced its price target from $314.00 to $285.00.

Pallas Capital Advisors LLC lifted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 44.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,460 shares of the software maker's stock after acquiring an additional 1,071 shares during the period. Pallas Capital Advisors LLC's holdings in Workday were worth $830,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC grew 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 valued at $5,288,000 after buying an additional 1,070 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in 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 buying an additional 139 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Workday by 33.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker's stock valued at $7,486,000 after buying an additional 8,093 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Workday in the 1st quarter valued at approximately $290,000. Finally, D.A. Davidson & CO. grew its holdings in Workday by 27.8% in the 1st quarter. D.A. Davidson & CO. now owns 1,601 shares of the software maker's stock valued at $374,000 after buying an additional 348 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Activity

In other Workday news, CFO Zane Rowe sold 6,000 shares of the firm's stock in a transaction 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. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Harry Sauer sold 1,160 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $235.41, for a total value of $273,075.60. Following the transaction, the insider owned 95,756 shares in the company, valued at approximately $22,541,919.96. This trade represents a 1.20% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 328,024 shares of company stock worth $76,664,934. 19.31% of the stock is currently owned by insiders.

Workday Stock Performance

Shares of NASDAQ WDAY traded up $0.12 during trading hours on Friday, reaching $233.62. 5,925,724 shares of the stock were exchanged, compared to its average volume of 3,765,603. The firm has a market capitalization of $62.38 billion, a price-to-earnings ratio of 108.16, a P/E/G ratio of 3.08 and a beta of 1.12. 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, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The stock's fifty day simple moving average is $228.66 and its 200 day simple moving average is $237.84.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. The company 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%.The firm's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on WDAY. Stifel Nicolaus decreased their price objective on Workday from $275.00 to $255.00 and set a "hold" rating on the stock in a report on Friday, August 22nd. Barclays lifted their price objective on Workday from $285.00 to $288.00 and gave the stock an "overweight" rating in a report on Thursday. Citigroup decreased their price objective on Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. JPMorgan Chase & Co. decreased their price target on Workday from $295.00 to $290.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Finally, Cowen reaffirmed a "buy" rating on shares of Workday in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $287.83.

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.