Workday, Inc. $WDAY Shares Purchased by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA increased its holdings in Workday, Inc. by 27.3%, acquiring 40,583 shares during the first quarter, bringing its total to 189,368 shares.
• Multiple large investors, including Vanguard Group and T. Rowe Price, also raised their stakes in Workday, indicating strong institutional interest as they now own 89.81% of the company's stock.
• Workday surpassed analysts' expectations with a reported earnings per share of $2.21 for the last quarter, leading to a revenue increase of 12.6% year-over-year, and setting guidance for FY 2026 to post 2.63 EPS.

Petrus Trust Company LTA increased its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 27.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 189,368 shares of the software maker's stock after buying an additional 40,583 shares during the period. Workday comprises 4.1% of Petrus Trust Company LTA's portfolio, making the stock its 9th largest holding. Petrus Trust Company LTA owned approximately 0.07% of Workday worth $44,223,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its position in shares of 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 acquiring an additional 54 shares in the last quarter. Dagco Inc. bought a new position in Workday during the 1st quarter valued at $31,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Workday in the 1st quarter valued at approximately $32,000. Financial Management Professionals Inc. lifted 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 Workday in the first quarter worth about $40,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WDAY has been the subject of a number of analyst reports. DA Davidson boosted their target price on shares of Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Citigroup lowered their price objective on shares of Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. Bank of America lowered their price objective on shares of Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. Loop Capital lowered their price objective on shares of Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research note on Friday, May 23rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of Workday in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $286.81.

Insider Activity at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the sale, the chief executive officer directly owned 1,472 shares in the company, valued at approximately $352,440.96. The trade was a 80.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder David A. Duffield sold 72,551 shares of the business's stock in a transaction dated 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 transaction, the insider owned 102,997 shares in the company, valued at approximately $24,679,111.17. This trade represents a 41.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 318,380 shares of company stock valued at $76,586,604. Company insiders own 20.00% of the company's stock.

Workday Trading Down 0.5%

Workday stock traded down $1.08 during midday trading on Tuesday, reaching $230.73. The stock had a trading volume of 1,903,471 shares, compared to its average volume of 3,808,938. The firm's fifty day simple moving average is $230.35 and its two-hundred day simple moving average is $239.71. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market cap of $61.60 billion, a price-to-earnings ratio of 106.82, a PEG ratio of 3.23 and a beta of 1.12.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The company's 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. Equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal 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.