Praxis Investment Management Inc. Sells 4,340 Shares of Workday, Inc. $WDAY

Praxis Investment Management Inc. decreased its holdings in Workday, Inc. (NASDAQ:WDAY) by 78.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,160 shares of the software maker’s stock after selling 4,340 shares during the quarter. Praxis Investment Management Inc.’s holdings in Workday were worth $278,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Workday by 2.3% in the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock worth $4,810,404,000 after purchasing an additional 455,855 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock worth $879,147,000 after purchasing an additional 1,211,659 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Workday by 0.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock worth $872,610,000 after purchasing an additional 14,354 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after purchasing an additional 913,613 shares during the last quarter. Finally, Parnassus Investments LLC grew its holdings in Workday by 22.4% in the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after purchasing an additional 548,694 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WDAY shares. Barclays lifted their price target on shares of Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Citigroup cut their price target on shares of Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Workday from $330.00 to $280.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. JPMorgan Chase & Co. cut their price target on shares of Workday from $295.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Finally, Guggenheim raised shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 price objective on the stock in a report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

Insider Activity at Workday

In related news, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction 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 completion of the transaction, the director directly owned 24,078 shares in the company, valued at $5,662,182.48. The trade was a 18.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction 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 represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,933 shares of company stock valued at $61,475,760 over the last ninety days. Corporate insiders own 19.31% of the company’s stock.

Workday Price Performance

Shares of WDAY opened at $234.25 on Friday. The firm has a market capitalization of $62.54 billion, a PE ratio of 108.45, a price-to-earnings-growth ratio of 2.92 and a beta of 1.10. 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, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company’s fifty day moving average price is $231.31 and its 200-day moving average price is $236.76.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating 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 net margin of 6.51% and a return on equity of 9.74%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

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.