Tranquility Partners LLC Grows Position in Workday, Inc. $WDAY

Tranquility Partners LLC raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 30.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,181 shares of the software maker’s stock after buying an additional 276 shares during the quarter. Tranquility Partners LLC’s holdings in Workday were worth $283,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its holdings in 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 Workday during the 1st quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. purchased a new position in Workday during the 1st quarter valued at approximately $32,000. Pinnacle Bancorp Inc. purchased a new position in Workday during the 1st quarter valued at approximately $40,000. Finally, BankPlus Trust Department purchased a new position in Workday during the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Price Performance

WDAY opened at $233.18 on Friday. The business has a fifty day moving average of $230.35 and a 200 day moving average of $236.87. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. 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 stock has a market cap of $62.26 billion, a P/E ratio of 107.95, a PEG ratio of 2.91 and a beta of 1.10.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business earned $1.75 EPS. Workday’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. As a group, sell-side analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on WDAY. Piper Sandler upgraded Workday from an “underweight” rating to a “neutral” rating and raised their price target for the company from $220.00 to $235.00 in a report on Wednesday, September 17th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $304.00 target price on shares of Workday in a report on Friday, August 22nd. UBS Group set a $304.00 target price on Workday in a report on Friday, August 22nd. Cowen reiterated a “buy” rating on shares of Workday in a report on Wednesday, September 17th. Finally, Evercore ISI lifted their target price on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Three research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 78,564 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the completion of the transaction, the insider owned 102,997 shares in the company, valued at $22,671,699.64. The trade was a 43.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on 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 directly owned 168,468 shares of the company’s stock, valued at approximately $39,189,026.16. This trade represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 257,625 shares of company stock worth $59,749,934 in the last 90 days. 19.31% of the stock is owned by insiders.

About Workday

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.