Austin Private Wealth LLC Sells 1,493 Shares of Workday, Inc. $WDAY

Austin Private Wealth LLC reduced its position in Workday, Inc. (NASDAQ:WDAY) by 17.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,829 shares of the software maker’s stock after selling 1,493 shares during the period. Austin Private Wealth LLC’s holdings in Workday were worth $1,639,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Chicago Capital LLC boosted its holdings in shares of Workday by 2.2% in the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock valued at $42,193,000 after buying an additional 3,824 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Workday by 33.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock valued at $7,486,000 after buying an additional 8,093 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Workday by 21.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock valued at $7,288,000 after buying an additional 5,300 shares in the last quarter. LBP AM SA boosted its holdings in shares of Workday by 23.4% in the 2nd quarter. LBP AM SA now owns 50,676 shares of the software maker’s stock valued at $12,162,000 after buying an additional 9,606 shares in the last quarter. Finally, One Degree Advisors Inc bought a new stake in shares of Workday in the 2nd quarter valued at about $369,000. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Performance

WDAY opened at $236.93 on Wednesday. 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 firm has a market capitalization of $63.26 billion, a PE ratio of 109.69, a P/E/G ratio of 2.98 and a beta of 1.10. The firm has a 50 day moving average of $233.92 and a two-hundred day moving average of $237.87.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm posted $1.75 EPS. Workday’s revenue for the quarter 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. On average, analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WDAY. Stifel Nicolaus lowered their price target on shares of Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a report on Friday, August 22nd. Cowen reaffirmed a “buy” rating on shares of Workday in a research report on Wednesday, September 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $265.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research report on Sunday, July 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $287.83.

Insider Activity at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the completion of the transaction, the chief executive officer directly owned 20,222 shares of the company’s stock, valued at approximately $4,803,129.44. This trade represents a 23.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 78,564 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 102,997 shares of the company’s stock, valued at $22,671,699.64. This represents a 43.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 264,933 shares of company stock worth $61,475,760 in the last ninety days. 20.00% of the stock is owned by company insiders.

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.