IFP Advisors Inc Reduces Stake in Workday, Inc. $WDAY

IFP Advisors Inc reduced its position in Workday, Inc. (NASDAQ:WDAY) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,789 shares of the software maker’s stock after selling 73 shares during the period. IFP Advisors Inc’s holdings in Workday were worth $670,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after buying an additional 2,792 shares during the last quarter. GAMMA Investing LLC grew its holdings in Workday by 128.5% during the 1st quarter. GAMMA Investing LLC now owns 2,820 shares of the software maker’s stock valued at $659,000 after buying an additional 1,586 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new stake in Workday during the 1st quarter valued at $453,000. CVA Family Office LLC grew its holdings in Workday by 53.4% during the 1st quarter. CVA Family Office LLC now owns 382 shares of the software maker’s stock valued at $89,000 after buying an additional 133 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Workday by 3.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 40,545 shares of the software maker’s stock valued at $9,468,000 after buying an additional 1,469 shares during the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Price Performance

WDAY stock opened at $236.60 on Tuesday. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The stock’s fifty day simple moving average is $230.58 and its 200-day simple moving average is $236.81. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $63.17 billion, a price-to-earnings ratio of 109.54, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10.

Workday (NASDAQ:WDAY) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. 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.

Insider Transactions at Workday

In related news, insider Richard Harry Sauer sold 2,320 shares of the stock in a transaction 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 transaction, the insider directly owned 90,077 shares of the company’s stock, valued at approximately $21,246,461.99. This trade represents a 2.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total value of $1,484,500.00. Following the completion of the transaction, the chief executive officer directly owned 20,222 shares in the company, valued at $4,803,129.44. This trade represents a 23.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 257,625 shares of company stock valued at $59,749,934. Corporate insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WDAY shares. DA Davidson increased their target price on Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Wells Fargo & Company lowered their target price on Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Citigroup decreased their price objective on Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a report on Friday, August 22nd. Royal Bank Of Canada restated an “outperform” rating and set a $340.00 price objective on shares of Workday in a report on Wednesday, September 17th. Finally, Oppenheimer decreased their price objective on Workday from $300.00 to $270.00 and set an “outperform” 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 given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $287.83.

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.