Vident Advisory LLC Boosts Stake in Workday, Inc. $WDAY

Key Points

• Vident Advisory LLC increased its stake in Workday, Inc. by 15.1%, owning a total of 64,432 shares valued at approximately $15.05 million.
• Insider transactions included CEO Carl M. Eschenbach selling 6,250 shares, marking an 80.94% decrease in his holdings, while director George J. Still, Jr. sold 7,500 shares, representing a 10.00% decrease in his position.
• Analysts have set a range of price targets for Workday, with a current average target of $286.81, reflecting a consensus rating of "Moderate Buy."

Vident Advisory LLC grew its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,432 shares of the software maker's stock after purchasing an additional 8,455 shares during the quarter. Vident Advisory LLC's holdings in Workday were worth $15,047,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its stake 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 buying an additional 54 shares in the last quarter. Dagco Inc. bought a new stake in Workday during the 1st quarter valued at $31,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Workday in the 1st quarter valued at $32,000. Financial Management Professionals Inc. raised 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 acquiring an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Workday in the 1st quarter worth $40,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Stock Performance

Shares of Workday stock traded up $2.32 on Monday, reaching $230.82. 3,243,481 shares of the stock were exchanged, compared to its average volume of 4,037,615. The business has a 50 day moving average price of $231.09 and a two-hundred day moving average price of $240.92. The firm has a market capitalization of $61.63 billion, a price-to-earnings ratio of 106.86, a PEG ratio of 3.22 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 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 announced its quarterly earnings data 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 analysts' expectations of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The business's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business posted $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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the stock. BMO Capital Markets decreased their price target on shares of Workday from $314.00 to $285.00 and set an "outperform" rating for the company in a research report on Friday, August 22nd. Cantor Fitzgerald set a $265.00 target price on shares of Workday in a research report on Thursday, August 14th. Loop Capital lowered their target price on shares of Workday from $285.00 to $250.00 and set a "hold" rating for the company in a research note on Friday, May 23rd. Bank of America reduced 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. Finally, Piper Sandler decreased their price objective on Workday from $235.00 to $220.00 and set an "underweight" rating for the company in a report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Workday has an average rating of "Moderate Buy" and a consensus price target of $286.81.

Insider Activity at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 178,418 shares in the company, valued at approximately $42,747,168.62. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 72,551 shares of the company's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $239.61, for a total value of $17,383,945.11. Following the completion of the sale, the insider owned 102,997 shares in the company, valued at $24,679,111.17. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 325,880 shares of company stock worth $78,449,679 in the last three months. Company insiders own 20.00% of the company's stock.

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.