RFG Advisory LLC Grows Stock Holdings in Workday, Inc. $WDAY

RFG Advisory LLC raised its position in shares of Workday, Inc. (NASDAQ:WDAY) by 3.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,986 shares of the software maker’s stock after buying an additional 72 shares during the period. RFG Advisory LLC’s holdings in Workday were worth $477,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

WDAY has been the subject of a number of recent research reports. Oppenheimer decreased their target price on Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. Wells Fargo & Company decreased their target price on Workday from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Monday, August 18th. Citigroup decreased their target price on Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Cowen reiterated a “buy” rating on shares of Workday in a report on Wednesday, September 17th. Finally, Guggenheim upgraded Workday from a “neutral” rating to a “buy” rating and set a $285.00 target price for the company in a report on Wednesday, September 17th. Three 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $287.83.

Insider Activity at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the transaction, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder David A. Duffield sold 78,564 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total value of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. The trade was a 43.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,933 shares of company stock valued at $61,475,760. Corporate insiders own 19.31% of the company’s stock.

Workday Stock Up 2.9%

Workday stock opened at $234.25 on Friday. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market cap of $62.54 billion, a PE ratio of 108.45, a P/E/G ratio of 2.92 and a beta of 1.10. The stock’s fifty day moving average is $231.31 and its two-hundred day moving average is $236.76.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results 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. 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 analysts’ expectations of $2.34 billion. During the same period last year, the firm earned $1.75 earnings per share. Workday’s quarterly revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, sell-side 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.