Grassi Investment Management Has $3.16 Million Stake in Workday, Inc. $WDAY

Grassi Investment Management trimmed its stake in Workday, Inc. (NASDAQ:WDAY) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,160 shares of the software maker’s stock after selling 300 shares during the period. Grassi Investment Management’s holdings in Workday were worth $3,158,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ascent Group LLC grew its position in Workday by 5.7% during the second quarter. Ascent Group LLC now owns 4,341 shares of the software maker’s stock worth $1,042,000 after buying an additional 235 shares in the last quarter. Exchange Capital Management Inc. grew its holdings in shares of Workday by 6.1% during the 2nd quarter. Exchange Capital Management Inc. now owns 4,516 shares of the software maker’s stock worth $1,084,000 after purchasing an additional 259 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Workday by 5.0% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,580 shares of the software maker’s stock worth $22,699,000 after purchasing an additional 4,490 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Workday during the 2nd quarter worth approximately $1,240,000. Finally, Warren Street Wealth Advisors LLC grew its holdings in shares of Workday by 7.1% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 955 shares of the software maker’s stock worth $229,000 after purchasing an additional 63 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

Workday stock opened at $236.48 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 $63.14 billion, a P/E ratio of 109.48, a P/E/G ratio of 2.89 and a beta of 1.10. The business’s fifty day moving average is $230.06 and its two-hundred day moving average is $237.48. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 78,564 shares of the company’s stock in a transaction that occurred on 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 directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. This represents a 43.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total value of $1,437,540.00. Following the transaction, the chief financial officer directly owned 178,418 shares in the company, valued at approximately $42,747,168.62. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 253,254 shares of company stock valued at $58,996,376 in the last three months. 19.31% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WDAY. UBS Group set a $304.00 price target on shares of Workday in a research note on Friday, August 22nd. Bank of America decreased their target price on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. BMO Capital Markets decreased their target price on shares of Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a research report on Friday, August 22nd. Citigroup decreased their target price on shares of Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Finally, Wells Fargo & Company decreased their price objective on Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Three equities research 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, the company has a consensus rating of “Moderate Buy” and an average price target 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.