Workday, Inc. $WDAY Position Increased by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its stake in Workday, Inc., acquiring an additional 97,804 shares, raising its total ownership by 823.1% to 109,687 shares valued at $25.6 million.
• Workday's stock closed at $221.27, reflecting a 2.8% decline, with a market capitalization of $59.08 billion and a 52-week range between $205.33 and $294.00.
• Despite recent declines, several analysts maintained positive ratings, with Needham & Company reaffirming a buy rating and setting a target price of $300.

Jump Financial LLC increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 823.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,687 shares of the software maker's stock after acquiring an additional 97,804 shares during the quarter. Jump Financial LLC's holdings in Workday were worth $25,615,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Trust Co. NA raised its stake in Workday by 15.2% during the first quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock worth $74,000 after acquiring an additional 42 shares during the period. Salvus Wealth Management LLC raised its stake in Workday by 2.8% during the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock worth $387,000 after acquiring an additional 45 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Workday by 15.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock worth $82,000 after acquiring an additional 46 shares during the period. AE Wealth Management LLC raised its stake in Workday by 0.4% during the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker's stock worth $2,778,000 after acquiring an additional 46 shares during the period. Finally, Bristlecone Advisors LLC raised its stake in Workday by 1.6% during the first quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker's stock worth $693,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WDAY shares. Wall Street Zen upgraded shares of Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. dropped their price target on shares of Workday from $295.00 to $290.00 and set an "overweight" rating on the stock in a research note on Friday. Bank of America dropped their price target 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. KeyCorp dropped their price target on shares of Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Cantor Fitzgerald set a $265.00 price target on shares of Workday in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $283.76.

Insider Activity

In related news, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the completion of the sale, the director directly owned 67,500 shares in the company, valued at approximately $16,767,675. This trade represents a 10.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Mark S. Garfield sold 451 shares of the firm'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 sale, the chief accounting officer owned 42,977 shares of the company's stock, valued at $10,093,578.22. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 329,005 shares of company stock valued at $79,203,523 in the last ninety days. 20.00% of the stock is owned by company insiders.

Workday Price Performance

Shares of Workday stock traded up $2.12 on Monday, hitting $223.39. The company had a trading volume of 5,027,740 shares, compared to its average volume of 3,729,238. The business has a 50-day simple moving average of $231.94 and a 200-day simple moving average of $241.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.07. The company has a market cap of $59.65 billion, a PE ratio of 103.42, a PEG ratio of 3.34 and a beta of 1.24. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (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 revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal 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.