Golden State Equity Partners Buys 146 Shares of Workday, Inc. $WDAY

Golden State Equity Partners increased its holdings in Workday, Inc. (NASDAQ:WDAY) by 6.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,425 shares of the software maker’s stock after purchasing an additional 146 shares during the period. Golden State Equity Partners’ holdings in Workday were worth $582,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in WDAY. Cornerstone Planning Group LLC boosted its stake in shares of Workday by 76.1% in the 1st 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. purchased a new stake in shares of Workday in the 1st quarter valued at $31,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Workday in the 1st quarter valued at $32,000. Financial Management Professionals Inc. boosted its stake in shares of Workday by 54.0% in the 1st quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker’s stock valued at $36,000 after purchasing an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of Workday in the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WDAY. Wells Fargo & Company cut their price objective on shares of Workday from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Guggenheim raised shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 price target for the company in a research report on Wednesday, September 17th. Canaccord Genuity Group dropped their price target on shares of Workday from $330.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Finally, Piper Sandler raised shares of Workday from an “underweight” rating to a “neutral” rating and increased their price target for the company from $220.00 to $235.00 in a research report on Wednesday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Trading Up 3.9%

Shares of NASDAQ WDAY opened at $242.66 on Tuesday. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The stock has a market cap of $64.79 billion, a P/E ratio of 112.34, a price-to-earnings-growth ratio of 3.08 and a beta of 1.12. The firm has a 50-day moving average of $229.02 and a 200 day moving average of $237.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results 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 period last year, the company posted $1.75 EPS. Workday’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. As a group, sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In other Workday news, major shareholder David A. Duffield sold 78,564 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the completion of the sale, the insider directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. This trade represents a 43.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the sale, the chief financial officer owned 178,418 shares of the company’s stock, valued at approximately $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. Insiders sold 254,053 shares of company stock worth $59,011,015 in the last 90 days. Insiders own 20.00% of the company’s stock.

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.