Duncan Williams Asset Management LLC Increases Holdings in Workday, Inc. $WDAY

Duncan Williams Asset Management LLC increased its position in Workday, Inc. (NASDAQ:WDAY) by 16.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,664 shares of the software maker’s stock after acquiring an additional 510 shares during the period. Duncan Williams Asset Management LLC’s holdings in Workday were worth $879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Cornerstone Planning Group LLC increased its stake in shares of 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 purchasing an additional 54 shares in the last quarter. Dagco Inc. purchased a new position in Workday during the first quarter worth $31,000. Farmers & Merchants Investments Inc. purchased a new position in Workday during the first quarter worth $32,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Workday in the first quarter valued at $40,000. Finally, BankPlus Trust Department acquired a new stake in shares of Workday during the first quarter valued at $40,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Workday Stock Performance

WDAY stock opened at $236.48 on Monday. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The stock has a market capitalization of $63.14 billion, a price-to-earnings ratio of 109.48, a PEG ratio of 2.95 and a beta of 1.10. 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 stock’s fifty day moving average is $230.06 and its two-hundred day moving average is $237.28.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business posted $1.75 EPS. Workday’s 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. On average, research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on WDAY shares. Wells Fargo & Company cut their target price on shares of Workday from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. JMP Securities reissued a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Piper Sandler upgraded Workday from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $220.00 to $235.00 in a report on Wednesday, September 17th. Zacks Research upgraded Workday from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Finally, Citigroup lowered their price target on Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a report on Friday, August 22nd. Three equities research 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. According to data from MarketBeat, Workday has an average rating of “Moderate Buy” and an average target price of $287.83.

Insider Transactions at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the transaction, the chief financial officer directly owned 178,418 shares of the company’s stock, valued at approximately $42,747,168.62. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the completion of the sale, the chief executive officer directly owned 20,222 shares of the company’s stock, valued at $4,803,129.44. The trade was a 23.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 253,254 shares of company stock worth $58,996,376 over the last quarter. Insiders own 20.00% of the company’s stock.

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.