Andra AP fonden Sells 14,580 Shares of Workday, Inc. $WDAY

Andra AP fonden lowered its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 23.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,190 shares of the software maker’s stock after selling 14,580 shares during the quarter. Andra AP fonden’s holdings in Workday were worth $11,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Resona Asset Management Co. Ltd. boosted its position in Workday by 5.9% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 74,696 shares of the software maker’s stock valued at $17,895,000 after acquiring an additional 4,138 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in shares of Workday by 22.4% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 4,824 shares of the software maker’s stock valued at $1,158,000 after purchasing an additional 884 shares during the period. Cornercap Investment Counsel Inc. boosted its position in shares of Workday by 124.3% during the second quarter. Cornercap Investment Counsel Inc. now owns 6,122 shares of the software maker’s stock valued at $1,469,000 after purchasing an additional 3,393 shares in the last quarter. Moors & Cabot Inc. grew its stake in Workday by 14.3% in the second quarter. Moors & Cabot Inc. now owns 1,418 shares of the software maker’s stock worth $340,000 after purchasing an additional 177 shares during the period. Finally, Ellevest Inc. purchased a new stake in Workday in the second quarter worth $205,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WDAY shares. UBS Group set a $304.00 target price on shares of Workday in a report on Friday, August 22nd. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Workday in a research report on Wednesday, September 17th. Wells Fargo & Company dropped their price objective on shares of Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $340.00 target price on shares of Workday in a research note on Wednesday, September 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $304.00 target price on shares of Workday in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $287.86.

Insider Buying and Selling at Workday

In other news, insider Richard Harry Sauer sold 2,320 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the transaction, the insider directly owned 90,077 shares of the company’s stock, valued at $21,246,461.99. This represents a 2.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark S. Garfield sold 1,915 shares of the firm’s stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $238.96, for a total value of $457,608.40. Following the completion of the transaction, the chief accounting officer owned 37,351 shares in the company, valued at approximately $8,925,394.96. This trade represents a 4.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 264,933 shares of company stock worth $61,475,760. 19.31% of the stock is owned by corporate insiders.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $224.50 on Friday. The firm’s 50-day moving average price is $234.94 and its 200-day moving average price is $238.10. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The company has a market cap of $59.94 billion, a PE ratio of 103.94, a PEG ratio of 2.89 and a beta of 1.11. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.12. The firm had revenue of $2.35 billion during 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 firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

About Workday

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.