Workday, Inc. $WDAY Shares Purchased by Lmcg Investments LLC

Key Points

• Lmcg Investments LLC increased its stake in Workday, Inc. by 70.7%, owning 58,397 shares worth approximately $14 million.
• Workday reported $2.21 EPS for Q2, exceeding estimates, with revenues of $2.35 billion, a 12.6% year-over-year increase.
• Analysts have recently raised price targets for Workday, with DA Davidson increasing theirs to $260 and Evercore ISI setting a target of $300.

Lmcg Investments LLC lifted its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 70.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,397 shares of the software maker's stock after purchasing an additional 24,187 shares during the period. Lmcg Investments LLC's holdings in Workday were worth $14,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its stake in shares of Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock valued at $28,000 after purchasing an additional 54 shares during the period. Dagco Inc. acquired a new position in shares of Workday in the 1st quarter valued at $31,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Workday in the 1st quarter valued at $32,000. Pinnacle Bancorp Inc. acquired a new position in shares of Workday in the 1st quarter valued at $40,000. Finally, BankPlus Trust Department purchased a new stake in Workday in the 1st quarter worth $40,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

Shares of NASDAQ WDAY opened at $233.18 on Friday. The firm has a 50-day simple moving average of $230.35 and a 200-day simple moving average of $236.97. The stock has a market capitalization of $62.26 billion, a price-to-earnings ratio of 107.95, a price-to-earnings-growth ratio of 2.97 and a beta of 1.10. 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 52 week low of $205.33 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Workday

In other news, insider Richard Harry Sauer sold 2,320 shares of the stock in a transaction dated 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 sale, the insider directly owned 90,077 shares in the company, valued at $21,246,461.99. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction dated 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 sale, the chief executive officer directly owned 20,222 shares of the company's stock, valued at $4,803,129.44. This represents a 23.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 257,625 shares of company stock valued at $59,749,934 over the last ninety days. 19.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WDAY has been the subject of several recent analyst reports. DA Davidson boosted their price target on shares of Workday from $225.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Evercore ISI boosted their price target on shares of Workday from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Wednesday, September 17th. Guggenheim raised shares of Workday from a "neutral" rating to a "buy" rating and set a $285.00 price target for the company in a report on Wednesday, September 17th. Stifel Nicolaus cut their price target on shares of Workday from $275.00 to $255.00 and set a "hold" rating for the company in a report on Friday, August 22nd. Finally, Zacks Research raised shares of Workday from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 18th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, Workday has an average rating of "Moderate Buy" and a consensus price target of $287.83.

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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