Mutual Advisors LLC Purchases 119 Shares of Workday, Inc. $WDAY

Mutual Advisors LLC lifted its position in Workday, Inc. (NASDAQ:WDAY) by 9.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,412 shares of the software maker’s stock after purchasing an additional 119 shares during the quarter. Mutual Advisors LLC’s holdings in Workday were worth $341,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Harbour Investments Inc. increased its holdings in shares of Workday by 41.3% in the second quarter. Harbour Investments Inc. now owns 277 shares of the software maker’s stock worth $66,000 after purchasing an additional 81 shares during the period. Sagespring Wealth Partners LLC increased its holdings in shares of Workday by 16.5% in the second quarter. Sagespring Wealth Partners LLC now owns 2,235 shares of the software maker’s stock worth $536,000 after purchasing an additional 316 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of Workday by 2.3% in the second quarter. Wilmington Savings Fund Society FSB now owns 21,452 shares of the software maker’s stock worth $5,148,000 after purchasing an additional 477 shares during the period. RFG Advisory LLC increased its holdings in shares of Workday by 3.8% in the second quarter. RFG Advisory LLC now owns 1,986 shares of the software maker’s stock worth $477,000 after purchasing an additional 72 shares during the period. Finally, NorthRock Partners LLC bought a new position in shares of Workday in the second quarter worth $221,000. Institutional investors own 89.81% of the company’s stock.

Workday Stock Up 3.0%

Shares of NASDAQ:WDAY opened at $241.20 on Tuesday. The stock’s 50-day moving average price is $231.86 and its 200-day moving average price is $236.99. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The stock has a market capitalization of $64.40 billion, a P/E ratio of 111.67, a price-to-earnings-growth ratio of 2.92 and a beta of 1.10. 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 (NASDAQ:WDAY) last announced 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 firm 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. The company’s revenue for the quarter 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. On average, equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 1,915 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $238.96, for a total value of $457,608.40. Following the completion of the sale, the chief accounting officer directly owned 37,351 shares in the company, valued at $8,925,394.96. This trade represents a 4.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Richard Harry Sauer sold 2,320 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the sale, the insider owned 90,077 shares of the company’s stock, valued at $21,246,461.99. This trade 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 in the last quarter. 20.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of research analyst reports. Bank of America reduced their target price on Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Piper Sandler raised Workday from an “underweight” rating to a “neutral” rating and increased their target price for the company from $220.00 to $235.00 in a research note on Wednesday, September 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $340.00 target price on shares of Workday in a research note on Wednesday, September 17th. JPMorgan Chase & Co. reduced their target price on Workday from $295.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Finally, UBS Group set a $304.00 target price on Workday in a research note on Friday, August 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average target price of $287.83.

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.