Wealth Enhancement Advisory Services LLC Decreases Stock Position in Workday, Inc. $WDAY

Wealth Enhancement Advisory Services LLC cut its stake in Workday, Inc. (NASDAQ:WDAY) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,863 shares of the software maker’s stock after selling 5,682 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Workday were worth $8,429,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC boosted its stake in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after purchasing an additional 54 shares during the period. Dagco Inc. bought a new stake in Workday in the first quarter worth about $31,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Workday during the first quarter valued at approximately $32,000. Financial Management Professionals Inc. boosted its position in shares of Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker’s stock valued at $36,000 after buying an additional 54 shares during the period. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Workday during the first quarter valued at approximately $40,000. Institutional investors own 89.81% of the company’s stock.

Insider Activity

In other news, major shareholder David A. Duffield sold 78,564 shares of the company’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 sale, the insider owned 102,997 shares of the company’s stock, valued at approximately $22,671,699.64. This represents a 43.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the transaction, the chief executive officer owned 1,472 shares of the company’s stock, valued at $352,440.96. This trade represents a 80.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 254,053 shares of company stock worth $59,011,015. 20.00% of the stock is owned by company insiders.

Workday Stock Down 1.0%

Shares of WDAY stock opened at $240.32 on Wednesday. The stock has a 50 day moving average of $229.33 and a 200 day moving average of $237.68. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The stock has a market cap of $64.17 billion, a P/E ratio of 111.26, a P/E/G ratio of 3.20 and a beta of 1.12. 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 earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the company posted $1.75 EPS. The business’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. As a group, sell-side analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WDAY shares. Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Zacks Research upgraded Workday from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Evercore ISI increased their price target on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Stifel Nicolaus cut their price target on Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a research note on Friday, August 22nd. Finally, JMP Securities restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Wednesday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $287.83.

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.