Arista Wealth Management LLC Takes $240,000 Position in Workday, Inc. $WDAY

Arista Wealth Management LLC purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,000 shares of the software maker’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Trust Co. NA lifted its position in Workday by 15.2% during the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock worth $74,000 after acquiring an additional 42 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in Workday by 1.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock worth $1,051,000 after acquiring an additional 45 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Workday by 15.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock worth $82,000 after acquiring an additional 46 shares in the last quarter. AE Wealth Management LLC lifted its position in Workday by 0.4% during the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock worth $2,778,000 after acquiring an additional 46 shares in the last quarter. Finally, Bristlecone Advisors LLC lifted its position in Workday by 1.6% during the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock worth $693,000 after acquiring an additional 47 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WDAY shares. TD Cowen reduced their price target on Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of Workday in a report on Wednesday, September 17th. Zacks Research upgraded Workday from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Barclays lifted their price objective on Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Finally, Cowen restated a “buy” rating on shares of Workday in a report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Price Performance

Shares of NASDAQ WDAY opened at $234.25 on Friday. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $62.54 billion, a price-to-earnings ratio of 108.45, a price-to-earnings-growth ratio of 2.84 and a beta of 1.10. The business has a 50 day simple moving average of $231.31 and a 200-day simple moving average of $236.75.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 previous year, the business earned $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, equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total value of $547,218.40. Following the completion of the sale, the insider directly owned 90,077 shares in the company, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael M. Mcnamara sold 5,393 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the transaction, the director owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. The trade was a 18.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 264,933 shares of company stock worth $61,475,760. Corporate insiders own 19.31% of the company’s stock.

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.