Linden Thomas Advisory Services LLC Boosts Stock Position in Workday, Inc. $WDAY

Linden Thomas Advisory Services LLC raised its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 2.9% in the 2nd quarter, Holdings Channel reports. The fund owned 8,855 shares of the software maker’s stock after acquiring an additional 253 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Workday were worth $2,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of WDAY. Nuveen LLC purchased a new position in shares of Workday during the 1st quarter worth approximately $456,341,000. T. Rowe Price Investment Management Inc. grew its holdings in Workday by 47.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after buying an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Workday by 35.6% during the 1st 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 period. Generation Investment Management LLP lifted its stake in shares of Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock worth $678,117,000 after purchasing an additional 778,301 shares during the period. Finally, Parnassus Investments LLC lifted its stake in shares of Workday by 22.4% during the 1st 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 period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Down 0.2%

NASDAQ:WDAY opened at $242.75 on Friday. The business’s 50-day moving average is $233.64 and its two-hundred day moving average is $237.69. 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 12 month low of $205.33 and a 12 month high of $294.00. The firm has a market capitalization of $64.81 billion, a PE ratio of 112.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.10.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating the consensus estimate 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 last year, the company posted $1.75 earnings per share. The firm’s revenue was up 12.6% compared to the same quarter last year. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WDAY. Stifel Nicolaus reduced their price target on Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a research note on Friday, August 22nd. Bank of America cut their target price on Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. Citigroup cut their target price on Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Evercore ISI increased their target price on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 75,053 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the completion of the sale, the insider directly owned 102,997 shares in the company, valued at $24,342,310.98. This trade represents a 42.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total value of $1,395,720.00. Following the sale, the chief financial officer owned 168,468 shares of the company’s stock, valued at $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 264,933 shares of company stock valued at $61,475,760. 19.31% of the stock is currently owned by insiders.

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.