Workday, Inc. $WDAY Shares Purchased by Untitled Investments LP

Key Points

• Untitled Investments LP has increased its stake in Workday, Inc. by 7.3%, making it the fund's 7th largest holding with a valuation of approximately $26.57 million.
• The average price target for Workday among analysts is $286.81, with ratings reflecting two "Strong Buy," nineteen "Buy," eight "Hold," and one "Sell."
• Workday reported an earnings per share (EPS) of $2.21 for the latest quarter, surpassing analysts' consensus estimates and showing a 12.6% year-over-year revenue growth.

Untitled Investments LP increased its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 113,763 shares of the software maker's stock after purchasing an additional 7,730 shares during the quarter. Workday makes up 7.5% of Untitled Investments LP's investment portfolio, making the stock its 7th largest holding. Untitled Investments LP's holdings in Workday were worth $26,567,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its holdings in Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after purchasing an additional 54 shares during the last quarter. Dagco Inc. acquired a new position in shares of Workday during the first quarter worth approximately $31,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Workday during the first quarter worth approximately $32,000. Financial Management Professionals Inc. lifted its holdings 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 buying an additional 54 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of Workday during the first quarter worth approximately $40,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $231.08 on Friday. The business has a fifty day simple moving average of $230.52 and a 200 day simple moving average of $240.03. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $61.70 billion, a price-to-earnings ratio of 106.98, a PEG ratio of 3.22 and a beta of 1.12. Workday, Inc. has a one year low of $205.33 and a one year 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 analyst estimates of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.Workday's revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the completion of the transaction, the chief executive officer directly owned 1,472 shares in the company, valued at $352,440.96. This represents a 80.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark S. Garfield sold 451 shares of the stock in a transaction 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 $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. Over the last three months, insiders have sold 318,380 shares of company stock valued at $76,586,604. 19.31% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on WDAY. UBS Group set a $304.00 price target on Workday in a report on Friday, August 22nd. Piper Sandler cut their price target on Workday from $235.00 to $220.00 and set an "underweight" rating for the company in a report on Friday, August 22nd. Barclays cut their price target on Workday from $321.00 to $298.00 and set an "overweight" rating for the company in a report on Monday, August 18th. Oppenheimer cut their price target on Workday from $300.00 to $270.00 and set an "outperform" rating for the company in a report on Friday, August 22nd. Finally, Guggenheim reiterated a "neutral" rating on shares of Workday in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Workday currently has a consensus rating of "Moderate Buy" and an average target price of $286.81.

About Workday

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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