Simplicity Wealth LLC Acquires 2,092 Shares of Workday, Inc. $WDAY

Simplicity Wealth LLC increased its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 155.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,436 shares of the software maker's stock after purchasing an additional 2,092 shares during the period. Simplicity Wealth LLC's holdings in Workday were worth $825,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Berger Financial Group Inc increased its position in Workday by 2.5% during the second quarter. Berger Financial Group Inc now owns 21,820 shares of the software maker's stock valued at $5,237,000 after acquiring an additional 524 shares during the last quarter. Bay Harbor Wealth Management LLC grew its holdings in shares of Workday by 43.0% in the second quarter. Bay Harbor Wealth Management LLC now owns 409 shares of the software maker's stock worth $98,000 after purchasing an additional 123 shares during the last quarter. Sava Infond d.o.o. grew its holdings in shares of Workday by 16.9% in the second quarter. Sava Infond d.o.o. now owns 20,100 shares of the software maker's stock worth $4,824,000 after purchasing an additional 2,900 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Workday by 4.7% in the second quarter. QRG Capital Management Inc. now owns 8,781 shares of the software maker's stock worth $2,108,000 after purchasing an additional 393 shares during the last quarter. Finally, Ascent Group LLC grew its holdings in shares of Workday by 5.7% in the second quarter. Ascent Group LLC now owns 4,341 shares of the software maker's stock worth $1,042,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 89.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on WDAY. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Workday in a research note on Saturday, September 27th. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. UBS Group set a $304.00 price objective on shares of Workday in a research note on Friday, August 22nd. Cowen reaffirmed a "buy" rating on shares of Workday in a research note on Wednesday, September 17th. Finally, Oppenheimer lowered their price objective on shares of Workday from $300.00 to $270.00 and set an "outperform" rating for the company in a research note on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $287.83.

Workday Stock Performance

WDAY stock opened at $233.17 on Wednesday. The firm has a market cap of $62.26 billion, a price-to-earnings ratio of 107.95, a PEG ratio of 2.97 and a beta of 1.10. The firm has a 50-day simple moving average of $229.94 and a two-hundred day simple moving average of $237.18. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. 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 (NASDAQ:WDAY - Get Free Report) last released 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. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In related news, insider Richard Harry Sauer sold 2,320 shares of the stock in a transaction that occurred 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 directly owned 90,077 shares of the company's stock, valued at $21,246,461.99. This trade represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the completion of the transaction, the chief executive officer directly owned 20,222 shares of the company's stock, valued at $4,803,129.44. The trade was a 23.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,023 shares of company stock worth $42,117,830 over the last ninety days. 20.00% of the stock is currently owned by insiders.

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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