Workday, Inc. $WDAY Shares Sold by Beech Hill Advisors Inc.

Key Points

• Beech Hill Advisors Inc. reduced its stake in Workday, Inc. by 26.7%, selling 1,792 shares, for a total of 4,917 shares now worth $1.18 million.
• Workday recently reported earnings of $2.21 per share, exceeding analysts' expectations of $2.09, and had a 12.6% year-over-year revenue growth.
• Insiders have sold a total of 264,933 shares valued at $61.5 million in the last 90 days, indicating potential shifts in insider confidence.

Beech Hill Advisors Inc. trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 26.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,917 shares of the software maker's stock after selling 1,792 shares during the period. Beech Hill Advisors Inc.'s holdings in Workday were worth $1,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC grew its stake in shares of Workday by 76.1% during 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 period. Dagco Inc. purchased a new stake in Workday during the first quarter worth $31,000. Pinnacle Bancorp Inc. acquired a new stake in Workday during the first quarter valued at $40,000. BankPlus Trust Department acquired a new stake in Workday during the first quarter valued at $40,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Workday in the second quarter valued at $42,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Stock Up 3.0%

NASDAQ WDAY opened at $241.20 on Tuesday. The business has a fifty day moving average price of $231.86 and a 200 day moving average price of $236.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market cap of $64.40 billion, a P/E ratio of 111.67, a P/E/G ratio of 2.92 and a beta of 1.10. 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 released its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping 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 net margin of 6.51% and a return on equity of 9.74%. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Transactions at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the firm's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total value of $1,395,720.00. Following the completion of the sale, the chief financial officer directly owned 168,468 shares of the company's stock, valued at $39,189,026.16. This trade represents a 3.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael M. Mcnamara sold 5,393 shares of the business's stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the transaction, the director directly owned 24,078 shares in the company, valued at approximately $5,662,182.48. The trade was a 18.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,933 shares of company stock valued at $61,475,760. 20.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WDAY shares. UBS Group set a $304.00 target price on Workday in a research report on Friday, August 22nd. Wells Fargo & Company dropped their price objective on Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Piper Sandler upgraded Workday from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $220.00 to $235.00 in a research report on Wednesday, September 17th. JPMorgan Chase & Co. cut their price target on shares of Workday from $295.00 to $290.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Finally, Canaccord Genuity Group decreased their price objective on shares of Workday from $330.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.

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.