Workday, Inc. $WDAY is Bares Capital Management Inc.'s 4th Largest Position

Key Points

• Bares Capital Management Inc. has reduced its holdings in Workday, Inc. by 8.5%, now owning approximately 570,833 shares, which are valued at around $133 million, making Workday its 4th largest investment.
• Several institutional investors, including Vanguard Group Inc. and T. Rowe Price Investment Management Inc., have increased their stakes in Workday during the same period, indicating robust interest in the stock.
• Equity analysts have mixed but generally positive views on Workday, with an average price target of $286.81 and the company holding a "Moderate Buy" consensus rating.

Bares Capital Management Inc. cut its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 8.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 570,833 shares of the software maker's stock after selling 52,752 shares during the period. Workday accounts for 14.4% of Bares Capital Management Inc.'s investment portfolio, making the stock its 4th largest holding. Bares Capital Management Inc. owned about 0.21% of Workday worth $133,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in WDAY. Cornerstone Planning Group LLC boosted 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 valued at $28,000 after acquiring an additional 54 shares during the last quarter. Dagco Inc. bought a new stake in Workday in the first quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. bought a new stake in Workday in the first quarter valued at approximately $32,000. Financial Management Professionals Inc. boosted its holdings in Workday by 54.0% in the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after acquiring an additional 54 shares during the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in Workday in the first quarter valued at approximately $40,000. 89.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on WDAY shares. Oppenheimer reduced their target price on Workday from $300.00 to $270.00 and set an "outperform" rating on the stock in a report on Friday, August 22nd. DA Davidson upped their target price on Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Stifel Nicolaus dropped their price target on Workday from $275.00 to $255.00 and set a "hold" rating on the stock in a research note on Friday, August 22nd. Citigroup dropped their price target on Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. Finally, Piper Sandler dropped their price target on Workday from $235.00 to $220.00 and set an "underweight" rating on the stock in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Workday presently has an average rating of "Moderate Buy" and a consensus price target of $286.81.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 451 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total transaction of $105,921.86. Following the transaction, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the transaction, the chief executive officer directly owned 1,472 shares in the company, valued at $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 318,380 shares of company stock valued at $76,586,604 over the last ninety days. Company insiders own 19.31% of the company's stock.

Workday Trading Down 1.0%

WDAY traded down $2.30 during trading on Thursday, hitting $231.13. The company's stock had a trading volume of 2,226,795 shares, compared to its average volume of 3,924,129. 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, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The stock's fifty day moving average price is $230.64 and its 200-day moving average price is $240.41. The firm has a market capitalization of $61.71 billion, a P/E ratio of 107.01, a PEG ratio of 3.25 and a beta of 1.12.

Workday (NASDAQ:WDAY - Get Free Report) last issued 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. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the firm earned $1.75 earnings per share. Workday's revenue for the quarter was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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.