Workday, Inc. $WDAY Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in Workday, Inc. (NASDAQ:WDAY) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 713,910 shares of the software maker’s stock after selling 12,935 shares during the period. Envestnet Asset Management Inc. owned approximately 0.27% of Workday worth $171,334,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Private Trust Co. NA increased its holdings in shares of Workday by 15.2% in the first quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock valued at $74,000 after purchasing an additional 42 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Workday by 1.0% in the second quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $1,051,000 after purchasing an additional 45 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Workday by 15.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock valued at $82,000 after purchasing an additional 46 shares during the period. AE Wealth Management LLC increased its holdings in shares of Workday by 0.4% in the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock valued at $2,778,000 after purchasing an additional 46 shares during the period. Finally, Bristlecone Advisors LLC increased its holdings in shares of Workday by 1.6% in the first quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock valued at $693,000 after purchasing an additional 47 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WDAY has been the topic of a number of research reports. Barclays increased their price objective on Workday from $285.00 to $288.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $304.00 target price on shares of Workday in a report on Friday, August 22nd. Bank of America dropped their target price on Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Guggenheim raised Workday from a “neutral” rating to a “buy” rating and set a $285.00 target price on the stock in a report on Wednesday, September 17th. Finally, JPMorgan Chase & Co. dropped their target price on Workday from $295.00 to $290.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.83.

Insider Activity at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the firm’s 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 transaction, the chief financial officer owned 168,468 shares in the company, valued at $39,189,026.16. This trade represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael M. Mcnamara sold 5,393 shares of the firm’s 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 completion of the transaction, the director owned 24,078 shares in the company, valued at approximately $5,662,182.48. This trade 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 in the last ninety days. 19.31% of the stock is currently owned by company insiders.

Workday Stock Performance

Shares of WDAY stock opened at $238.91 on Tuesday. The company has a market capitalization of $63.79 billion, a P/E ratio of 110.61, a P/E/G ratio of 3.05 and a beta of 1.10. The business’s 50 day moving average is $233.78 and its two-hundred day moving average is $237.79. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00.

Workday (NASDAQ:WDAY) last issued its quarterly 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. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.Workday’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal 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.