Quotient Wealth Partners LLC Trims Stock Holdings in Workday, Inc. $WDAY

Quotient Wealth Partners LLC lowered its holdings in Workday, Inc. (NASDAQ:WDAY) by 12.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 974 shares of the software maker’s stock after selling 142 shares during the period. Quotient Wealth Partners LLC’s holdings in Workday were worth $234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Cornerstone Planning Group LLC boosted its holdings in Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after purchasing an additional 54 shares during the last quarter. Dagco Inc. purchased a new position in Workday in the first quarter valued at about $31,000. Pinnacle Bancorp Inc. purchased a new position in Workday in the first quarter valued at about $40,000. BankPlus Trust Department purchased a new position in Workday in the first quarter valued at about $40,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Workday in the second quarter valued at about $42,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In related news, Director Michael M. Mcnamara sold 5,393 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 24,078 shares in the company, valued at $5,662,182.48. This trade represents a 18.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard Harry Sauer sold 2,320 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the completion of the sale, the insider owned 90,077 shares in the company, valued at approximately $21,246,461.99. This represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,933 shares of company stock worth $61,475,760 over the last quarter. Insiders own 20.00% of the company’s stock.

Workday Trading Up 2.9%

Shares of NASDAQ WDAY opened at $234.25 on Monday. The company has a market cap of $62.54 billion, a price-to-earnings ratio of 108.45, a price-to-earnings-growth ratio of 2.92 and a beta of 1.10. Workday, Inc. has a 12-month low of $205.33 and a 12-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 stock’s 50 day simple moving average is $231.31 and its 200 day simple moving average is $236.82.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating 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 firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the firm earned $1.75 EPS. The firm’s revenue 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. Equities research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

WDAY has been the topic of a number of research analyst reports. BMO Capital Markets reduced their target price on Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Guggenheim raised Workday from a “neutral” rating to a “buy” rating and set a $285.00 target price on the stock in a report on Wednesday, September 17th. Evercore ISI increased their target price on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Cowen reaffirmed a “buy” rating on shares of Workday in a report on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a report on Wednesday, October 8th. Three 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.