Michael Mcnamara Sells 5,393 Shares of Workday (NASDAQ:WDAY) Stock

Key Points

• Michael Mcnamara, a director at Workday, sold 5,393 shares of the company at an average price of $235.16, totaling approximately $1.27 million, reducing his position by 18.30%.
• Workday's stock price reached $237.18 recently, with a market capitalization of $63.33 billion and a P/E ratio of 109.81.
• Brokerages have recently upgraded Workday's stock ratings, with analysts setting a consensus target price of $287.83 and predicting 2.63 EPS for the current fiscal year.

Workday, Inc. (NASDAQ:WDAY - Get Free Report) Director Michael Mcnamara sold 5,393 shares of the stock in a transaction that occurred on 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 sale, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Workday Stock Up 0.2%

Shares of NASDAQ:WDAY traded up $0.58 during trading on Tuesday, reaching $237.18. 1,784,661 shares of the stock traded hands, compared to its average volume of 2,616,483. The stock has a 50-day moving average of $230.58 and a two-hundred day moving average of $236.81. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. 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 stock has a market cap of $63.33 billion, a P/E ratio of 109.81, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly 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. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. The business's revenue for the quarter was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on WDAY. Wall Street Zen upgraded shares of Workday from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Cowen restated a "buy" rating on shares of Workday in a report on Wednesday, September 17th. Weiss Ratings restated a "hold (c)" rating on shares of Workday in a report on Wednesday, October 8th. Stifel Nicolaus dropped their target price on shares of Workday from $275.00 to $255.00 and set a "hold" rating on the stock in a report on Friday, August 22nd. Finally, Canaccord Genuity Group dropped their target price 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 equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $287.83.

Hedge Funds Weigh In On Workday

Several institutional investors and hedge funds have recently bought and sold shares of WDAY. Rakuten Securities Inc. purchased a new position in Workday during the second quarter valued at $25,000. Cornerstone Planning Group LLC lifted its position in Workday by 76.1% during the first 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 in the last quarter. Dagco Inc. bought a new stake in shares of Workday during the 1st quarter valued at $31,000. Berbice Capital Management LLC raised its position in shares of Workday by 136.4% during the 2nd quarter. Berbice Capital Management LLC now owns 130 shares of the software maker's stock valued at $31,000 after purchasing an additional 75 shares during the period. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Workday during the 1st quarter valued at $32,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

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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