Workday, Inc. $WDAY Stock Position Reduced by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC reduced its stake in Workday, Inc. by 11.3%, now owning 20,076 shares valued at approximately $4.8 million.
• A variety of institutional investors, including Vanguard Group and T. Rowe Price, have increased their positions in Workday, indicating strong interest from larger investment firms.
• Workday's stock has been rated as a Moderate Buy by analysts, with a consensus price target of $287.83, reflecting a positive outlook amid recent insider selling activities.

Janney Montgomery Scott LLC cut its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 11.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,076 shares of the software maker's stock after selling 2,569 shares during the period. Janney Montgomery Scott LLC's holdings in Workday were worth $4,818,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Workday by 2.3% during the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker's stock valued at $4,810,404,000 after purchasing an additional 455,855 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock worth $879,147,000 after acquiring an additional 1,211,659 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Workday by 0.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker's stock worth $872,610,000 after acquiring an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock worth $812,475,000 after acquiring an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC grew its position in Workday by 22.4% in the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker's stock worth $699,756,000 after acquiring an additional 548,694 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other news, major shareholder David A. Duffield sold 78,564 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total value of $17,293,507.68. Following the completion of the transaction, the insider owned 102,997 shares in the company, valued at approximately $22,671,699.64. This represents a 43.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Mark S. Garfield sold 451 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the completion of the transaction, the chief accounting officer owned 42,977 shares of the company's stock, valued at approximately $10,093,578.22. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,703 shares of company stock worth $40,174,891. Corporate insiders own 20.00% of the company's stock.

Analyst Ratings Changes

WDAY has been the subject of several recent research reports. Sanford C. Bernstein reissued an "outperform" rating and issued a $304.00 target price on shares of Workday in a research report on Friday, August 22nd. Needham & Company LLC reissued a "buy" rating and issued a $300.00 target price on shares of Workday in a research report on Wednesday, September 17th. Guggenheim raised shares of Workday from a "neutral" rating to a "buy" rating and set a $285.00 target price for the company in a research report on Wednesday, September 17th. JMP Securities reissued a "market outperform" rating and issued a $315.00 target price on shares of Workday in a research report on Wednesday, September 17th. 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 report on Friday, August 22nd. Three research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $287.83.

Workday Stock Up 0.8%

WDAY stock opened at $238.36 on Tuesday. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The company has a market cap of $63.64 billion, a PE ratio of 110.35, a price-to-earnings-growth ratio of 2.95 and a beta of 1.10. The business's 50-day simple moving average is $230.07 and its 200 day simple moving average is $237.21. 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 announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the prior year, the company posted $1.75 EPS. The business's revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current 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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