Perpetual Ltd Acquires Shares of 4,027 Workday, Inc. $WDAY

Key Points

• Perpetual Ltd has invested approximately $966,000 in Workday, Inc. by acquiring 4,027 shares during the 2nd quarter.
• Notable insider sales include CEO Carl M. Eschenbach selling 6,250 shares and major shareholder David A. Duffield selling 78,564 shares, indicating a significant decrease in their ownership stakes.
• Workday's recent earnings report surpassed analysts' expectations with $2.21 EPS and revenue of $2.35 billion, reflecting a 12.6% increase in year-over-year revenue.

Perpetual Ltd purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,027 shares of the software maker's stock, valued at approximately $966,000.

Several other institutional investors also recently modified their holdings of WDAY. Cornerstone Planning Group LLC raised its holdings in Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after purchasing an additional 54 shares in the last quarter. Dagco Inc. bought a new position in Workday in the first quarter worth about $31,000. Farmers & Merchants Investments Inc. acquired a new position in Workday in the 1st quarter worth approximately $32,000. Financial Management Professionals Inc. lifted its position in shares of Workday by 54.0% during the 1st 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 in the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new position in Workday in the 1st quarter valued at $40,000. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Performance

WDAY traded up $0.12 during trading on Friday, hitting $233.62. The company's stock had a trading volume of 5,925,724 shares, compared to its average volume of 3,650,568. The firm has a market cap of $62.38 billion, a PE ratio of 108.16, a P/E/G ratio of 3.08 and a beta of 1.12. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The business's 50 day simple moving average is $228.66 and its 200-day simple moving average is $237.73. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the business posted $1.75 EPS. The company's quarterly revenue was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In related news, insider Richard Harry Sauer sold 1,160 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $235.41, for a total value of $273,075.60. Following the completion of the transaction, the insider owned 95,756 shares of the company's stock, valued at approximately $22,541,919.96. The trade was a 1.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Mark S. Garfield sold 451 shares of the 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 completion of the sale, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at $10,093,578.22. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 328,024 shares of company stock worth $76,664,934. 20.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WDAY. Citigroup lowered their price target on Workday from $279.00 to $260.00 and set a "neutral" rating for the company in a report on Friday, August 22nd. Bank of America dropped their price target on Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Guggenheim upgraded Workday from a "neutral" rating to a "buy" rating and set a $285.00 price objective for the company in a research report on Wednesday. Sanford C. Bernstein reissued an "outperform" rating and issued a $304.00 target price on shares of Workday in a research note on Friday, August 22nd. Finally, JPMorgan Chase & Co. dropped 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. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.