Bay Harbor Wealth Management LLC Boosts Stock Position in Workday, Inc. $WDAY

Bay Harbor Wealth Management LLC increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 43.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 409 shares of the software maker’s stock after purchasing an additional 123 shares during the quarter. Bay Harbor Wealth Management LLC’s holdings in Workday were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WDAY. Cornerstone Planning Group LLC increased its position in 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 in the last quarter. Dagco Inc. purchased a new stake in Workday during the 1st quarter worth about $31,000. Farmers & Merchants Investments Inc. acquired a new stake in Workday in the 1st quarter worth about $32,000. Pinnacle Bancorp Inc. acquired a new stake in Workday in the 1st quarter worth about $40,000. Finally, BankPlus Trust Department acquired a new stake in Workday in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total value of $1,484,500.00. Following the completion of the sale, the chief executive officer directly owned 20,222 shares in the company, valued at approximately $4,803,129.44. The trade was a 23.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total value 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 trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 253,254 shares of company stock worth $58,996,376. Corporate insiders own 19.31% of the company’s stock.

Workday Stock Performance

Shares of WDAY opened at $236.48 on Friday. The business’s 50 day moving average is $230.06 and its two-hundred day moving average is $237.38. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The firm has a market cap of $63.14 billion, a price-to-earnings ratio of 109.48, a PEG ratio of 2.95 and a beta of 1.10. 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) last announced its 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 return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company posted $1.75 EPS. Workday’s quarterly 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. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on WDAY. Bank of America decreased their price target on Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Wall Street Zen raised Workday from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. UBS Group set a $304.00 price target on Workday in a research note on Friday, August 22nd. TD Cowen decreased their price target on Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $300.00 price target on shares of Workday in a research note on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

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.