Workday, Inc. $WDAY Holdings Raised by Parallel Advisors LLC

Parallel Advisors LLC lifted its position in Workday, Inc. (NASDAQ:WDAY) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,038 shares of the software maker’s stock after acquiring an additional 245 shares during the period. Parallel Advisors LLC’s holdings in Workday were worth $729,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in WDAY. Trust Co. of Oklahoma boosted its stake in Workday by 9.5% in the 2nd quarter. Trust Co. of Oklahoma now owns 1,377 shares of the software maker’s stock worth $330,000 after purchasing an additional 119 shares during the period. M & L Capital Management Ltd boosted its position in Workday by 436.5% during the 2nd quarter. M & L Capital Management Ltd now owns 17,705 shares of the software maker’s stock worth $4,249,000 after acquiring an additional 14,405 shares during the period. Kera Capital Partners Inc. purchased a new position in Workday during the 2nd quarter valued at about $215,000. AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Workday in the 1st quarter valued at about $2,034,000. Finally, First Long Island Investors LLC acquired a new position in shares of Workday in the 1st quarter valued at about $4,087,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Activity

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the completion of the sale, the chief executive officer owned 1,472 shares in the company, valued at $352,440.96. This trade represents a 80.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the transaction, the chief accounting officer directly owned 42,977 shares of the company’s stock, valued at $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 326,864 shares of company stock valued at $76,391,858. 19.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $265.00 target price on shares of Workday in a research report on Wednesday. JMP Securities restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Wednesday. Oppenheimer reduced their price target on Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. UBS Group set a $304.00 price objective on shares of Workday in a research report on Friday, August 22nd. Finally, Guggenheim upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 target price for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $287.48.

Workday Price Performance

NASDAQ:WDAY opened at $233.50 on Friday. The company has a market capitalization of $62.34 billion, a price-to-earnings ratio of 108.10, a PEG ratio of 3.25 and a beta of 1.12. The company has a 50-day moving average of $228.46 and a 200-day moving average of $238.13. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the company 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. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share 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.