Concurrent Investment Advisors LLC Grows Position in Workday, Inc. $WDAY

Concurrent Investment Advisors LLC raised its holdings in Workday, Inc. (NASDAQ:WDAY) by 8.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,892 shares of the software maker’s stock after acquiring an additional 226 shares during the period. Concurrent Investment Advisors LLC’s holdings in Workday were worth $694,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC raised its holdings in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after buying an additional 54 shares in the last quarter. Dagco Inc. purchased a new position in shares of Workday during the 1st quarter valued at about $31,000. Pinnacle Bancorp Inc. purchased a new position in shares of Workday during the 1st quarter valued at about $40,000. BankPlus Trust Department purchased a new position in shares of Workday during the 1st quarter valued at about $40,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Workday during the 2nd quarter valued at about $42,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Price Performance

Shares of WDAY stock opened at $234.25 on Friday. The firm has a market cap of $62.54 billion, a P/E ratio of 108.45, a P/E/G ratio of 2.84 and a beta of 1.10. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The business’s 50 day moving average price is $231.31 and its 200-day moving average price is $236.75. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In other news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total value of $1,395,720.00. Following the sale, the chief financial officer directly owned 168,468 shares in the company, valued at approximately $39,189,026.16. This trade represents a 3.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael M. Mcnamara sold 5,393 shares of Workday stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $235.16, for a total value of $1,268,217.88. Following the sale, the director owned 24,078 shares in the company, valued at $5,662,182.48. This represents a 18.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 264,933 shares of company stock worth $61,475,760. Corporate insiders own 19.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WDAY shares. Wells Fargo & Company decreased their price objective on Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. JPMorgan Chase & Co. decreased their price target on Workday from $295.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. Guggenheim raised Workday from a “neutral” rating to a “buy” rating and set a $285.00 price target on the stock in a research note on Wednesday, September 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $340.00 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 given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average target price of $287.83.

Workday 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.