Simon Quick Advisors LLC Has $708,000 Holdings in Workday, Inc. $WDAY

Simon Quick Advisors LLC lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 18.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,952 shares of the software maker’s stock after purchasing an additional 469 shares during the period. Simon Quick Advisors LLC’s holdings in Workday were worth $708,000 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 the company. Cornerstone Planning Group LLC lifted its position in Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after acquiring an additional 54 shares during the last quarter. Dagco Inc. acquired a new position in Workday during the 1st quarter worth $31,000. BankPlus Trust Department acquired a new position in Workday during the 1st quarter worth $40,000. Physician Wealth Advisors Inc. acquired a new position in Workday during the 2nd quarter worth $42,000. Finally, Geneos Wealth Management Inc. lifted its position in Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Transactions at Workday

In related news, major shareholder David A. Duffield sold 78,564 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total value of $17,293,507.68. Following the completion of the transaction, the insider 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Richard Harry Sauer sold 2,320 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the transaction, the insider directly owned 90,077 shares of the company’s stock, valued at $21,246,461.99. This trade represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 264,933 shares of company stock valued at $61,475,760. Corporate insiders own 19.31% of the company’s stock.

Workday Stock Performance

NASDAQ:WDAY opened at $239.92 on Friday. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. 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 company has a market cap of $64.06 billion, a price-to-earnings ratio of 111.07, a PEG ratio of 2.90 and a beta of 1.10. The firm’s 50-day moving average is $234.48 and its 200-day moving average is $237.93.

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 the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the business posted $1.75 earnings per share. The company’s quarterly 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 anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

WDAY has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Workday in a research report on Wednesday, October 8th. TD Cowen lowered their price objective on shares of Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. Cowen restated a “buy” rating on shares of Workday in a research note on Wednesday, September 17th. Citigroup lowered their price objective on shares of Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Finally, Stifel Nicolaus dropped their price objective 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. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock 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.