Mcrae Capital Management Inc. Grows Stock Position in Workday, Inc. $WDAY

Mcrae Capital Management Inc. boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 2.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,819 shares of the software maker’s stock after acquiring an additional 1,541 shares during the quarter. Workday accounts for about 3.0% of Mcrae Capital Management Inc.’s investment portfolio, making the stock its 12th largest holding. Mcrae Capital Management Inc.’s holdings in Workday were worth $14,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cornerstone Planning Group LLC boosted its position 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 during the period. Dagco Inc. purchased a new stake in shares of Workday during the first quarter worth about $31,000. Golden State Wealth Management LLC grew its stake in shares of Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock worth $33,000 after purchasing an additional 133 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Workday in the first quarter worth about $40,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Workday during the 2nd quarter valued at about $42,000. Institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 78,564 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider owned 102,997 shares in the company, valued at approximately $22,671,699.64. This represents a 43.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael M. Mcnamara sold 5,393 shares of the firm’s stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the sale, the director directly owned 24,078 shares in the company, valued at approximately $5,662,182.48. The trade was a 18.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 264,933 shares of company stock valued at $61,475,760. Insiders own 19.31% of the company’s stock.

Workday Stock Down 3.3%

NASDAQ:WDAY opened at $224.50 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $59.94 billion, a P/E ratio of 103.94, a P/E/G ratio of 2.89 and a beta of 1.11. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The firm has a 50-day simple moving average of $234.94 and a two-hundred day simple moving average of $238.10.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WDAY shares. Cantor Fitzgerald reissued an “overweight” rating and set a $265.00 target price on shares of Workday in a research note on Wednesday, September 17th. TD Cowen decreased their price objective on shares of Workday from $310.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $304.00 target price on shares of Workday in a research report on Friday, August 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Workday in a research report on Wednesday, October 8th. Finally, Oppenheimer cut their price objective on Workday from $300.00 to $270.00 and set an “outperform” rating on the stock in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $287.86.

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.