Workday, Inc. $WDAY Shares Acquired by Chicago Capital LLC

Key Points

• Chicago Capital LLC increased its stake in Workday, Inc. by 2.2%, owning a total of 175,802 shares valued at approximately $42.19 million by the end of the last quarter.
• Workday reported better-than-expected earnings with an EPS of $2.21, surpassing estimates, and its revenue grew by 12.6% year-over-year.
• Analysts have mixed views on Workday's stock, with target price adjustments ranging from $220 to $300, and a current consensus rating of "Moderate Buy."

Chicago Capital LLC grew its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,802 shares of the software maker's stock after purchasing an additional 3,824 shares during the quarter. Chicago Capital LLC owned 0.07% of Workday worth $42,193,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of WDAY. Cornerstone Planning Group LLC lifted its stake in shares of Workday by 76.1% during 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. acquired a new position in shares of Workday during the first quarter worth about $31,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Workday during the first quarter worth about $32,000. Financial Management Professionals Inc. lifted its stake in shares of Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after purchasing an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of Workday during the first quarter worth about $40,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Up 0.4%

Shares of Workday stock opened at $247.69 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm has a market cap of $66.13 billion, a P/E ratio of 114.67, a P/E/G ratio of 3.25 and a beta of 1.12. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The business has a 50-day moving average price of $230.41 and a 200 day moving average price of $237.73.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on WDAY shares. Wells Fargo & Company reduced their price objective on Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Oppenheimer dropped their target price on Workday from $300.00 to $270.00 and set an "outperform" rating on the stock in a research report on Friday, August 22nd. Piper Sandler raised Workday from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $220.00 to $235.00 in a research report on Wednesday, September 17th. Canaccord Genuity Group dropped their target price on Workday from $330.00 to $275.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Finally, Zacks Research raised Workday from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $287.83.

Insider Buying and Selling

In other news, insider Richard Harry Sauer sold 1,160 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $235.41, for a total transaction of $273,075.60. Following the completion of the transaction, the insider directly owned 95,756 shares of the company's stock, valued at approximately $22,541,919.96. This represents a 1.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 451 shares of the business'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 value of $105,921.86. Following the transaction, the chief accounting officer owned 42,977 shares of the company's stock, valued at approximately $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 247,004 shares of company stock valued at $57,511,876 over the last three months. 20.00% of the stock is owned by company 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.

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday, Inc. (NASDAQ:WDAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.