Workday, Inc. $WDAY Shares Sold by Equitable Trust Co.

Equitable Trust Co. cut its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 10.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,126 shares of the software maker’s stock after selling 131 shares during the period. Equitable Trust Co.’s holdings in Workday were worth $270,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its stake in shares of Workday by 5.0% during the first quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker’s stock valued at $5,288,000 after acquiring an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC grew its stake in shares of Workday by 13.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker’s stock valued at $265,000 after acquiring an additional 139 shares in the last quarter. Chicago Capital LLC grew its stake in shares of Workday by 2.2% during the second quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock valued at $42,193,000 after acquiring an additional 3,824 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Workday by 33.8% during the first quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock valued at $7,486,000 after acquiring an additional 8,093 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Workday by 21.1% during the second quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock valued at $7,288,000 after acquiring an additional 5,300 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WDAY has been the subject of several recent analyst reports. UBS Group set a $304.00 target price on Workday in a research note on Friday, August 22nd. Zacks Research raised shares of Workday from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Stifel Nicolaus reduced their price target on shares of Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a research report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $340.00 price target on shares of Workday in a research report on Wednesday, September 17th. Finally, Evercore ISI increased their price target on shares of Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Three investment 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. According to data from MarketBeat.com, Workday currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $234.76 on Thursday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $230.93 and its two-hundred day moving average price is $236.80. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The stock has a market capitalization of $62.68 billion, a P/E ratio of 108.69, a P/E/G ratio of 2.96 and a beta of 1.10.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping 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 last year, the company posted $1.75 earnings per share. 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 forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In other Workday news, insider Richard Harry Sauer sold 2,320 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the transaction, the insider owned 90,077 shares of the company’s stock, valued at $21,246,461.99. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael M. Mcnamara sold 5,393 shares of the firm’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the completion of the transaction, the director directly owned 24,078 shares in the company, valued at $5,662,182.48. This represents a 18.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,933 shares of company stock valued at $61,475,760 over the last ninety days. Insiders own 19.31% of the company’s stock.

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.