Workday, Inc. $WDAY Shares Sold by Union Bancaire Privee UBP SA

Key Points

• Union Bancaire Privee UBP SA has reduced its stake in Workday, Inc. by 2.9%, holding a total of 38,783 shares valued at approximately $9.3 million after selling off 1,147 shares.
• Workday's stock is currently rated as a "Moderate Buy" with a consensus target price of $287.83, following multiple analysts adjusting their price objectives amid recent earnings reports.
• Major insider selling has occurred, with shareholder David A. Duffield selling 72,118 shares for over $17 million, resulting in a significant reduction in his ownership stake.

Union Bancaire Privee UBP SA cut its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,783 shares of the software maker's stock after selling 1,147 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Workday were worth $9,308,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC boosted 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 acquiring an additional 54 shares in the last quarter. Dagco Inc. bought a new stake in shares of Workday during the 1st quarter worth $31,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Workday during the 1st quarter worth $32,000. Financial Management Professionals Inc. boosted its stake in shares of Workday by 54.0% during the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after acquiring an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Workday during the 1st quarter worth $40,000. 89.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WDAY. KeyCorp reduced their price objective on Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Bank of America lowered their price objective on shares of Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. Barclays upped their price objective on shares of Workday from $285.00 to $288.00 and gave the company an "overweight" rating in a research note on Thursday, September 18th. UBS Group set a $304.00 target price on shares of Workday in a research report on Friday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Workday from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Workday presently has a consensus rating of "Moderate Buy" and an average target price of $287.83.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 72,118 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $241.57, for a total value of $17,421,545.26. Following the completion of the sale, the insider directly owned 102,997 shares in the company, valued at approximately $24,880,985.29. This represents a 41.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Zane Rowe sold 6,000 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the sale, the chief financial officer owned 178,418 shares of the company's stock, valued at $42,747,168.62. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 247,004 shares of company stock valued at $57,511,876. Company insiders own 20.00% of the company's stock.

Workday Stock Performance

WDAY stock opened at $247.69 on Tuesday. The firm has a 50 day moving average of $230.41 and a two-hundred day moving average of $237.73. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The company has a market capitalization of $66.13 billion, a price-to-earnings ratio of 114.67, a P/E/G ratio of 3.25 and a beta of 1.12. 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 (NASDAQ:WDAY - Get Free Report) last released 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 analyst estimates of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. Workday's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

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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