Workday, Inc. $WDAY Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 24.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 681 shares of the software maker’s stock after selling 220 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Workday were worth $163,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. ANTIPODES PARTNERS Ltd purchased a new position in shares of Workday during the 2nd quarter worth about $78,020,000. Covey Capital Advisors LLC purchased a new position in shares of Workday during the 2nd quarter worth about $1,325,000. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Workday by 3.5% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,527 shares of the software maker’s stock worth $366,000 after acquiring an additional 51 shares during the period. Simon Quick Advisors LLC lifted its holdings in shares of Workday by 18.9% during the 2nd quarter. Simon Quick Advisors LLC now owns 2,952 shares of the software maker’s stock worth $708,000 after acquiring an additional 469 shares during the period. Finally, Strs Ohio lifted its holdings in shares of Workday by 5.7% during the 2nd quarter. Strs Ohio now owns 96,507 shares of the software maker’s stock worth $23,162,000 after acquiring an additional 5,165 shares during the period. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Workday

In other news, CAO Mark S. Garfield sold 1,915 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $238.96, for a total transaction of $457,608.40. Following the completion of the sale, the chief accounting officer owned 37,351 shares of the company’s stock, valued at approximately $8,925,394.96. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $1,268,217.88. Following the sale, the director directly owned 24,078 shares of the company’s stock, valued at $5,662,182.48. The trade was a 18.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 264,933 shares of company stock valued at $61,475,760. Corporate insiders own 20.00% of the company’s stock.

Workday Stock Down 0.9%

Shares of NASDAQ:WDAY opened at $237.68 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The company has a 50 day moving average of $234.76 and a two-hundred day moving average of $238.15. The company has a market capitalization of $63.46 billion, a price-to-earnings ratio of 110.04, a price-to-earnings-growth ratio of 2.99 and a beta of 1.11.

Workday (NASDAQ:WDAY) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the company earned $1.75 earnings per share. Workday’s revenue for the quarter was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WDAY has been the topic of several research reports. Wells Fargo & Company cut their price target on shares of Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Citigroup raised their price target on shares of Workday from $260.00 to $261.00 and gave the company a “neutral” rating in a report on Monday. Guggenheim upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Wednesday, September 17th. Piper Sandler upgraded shares of Workday from an “underweight” rating to a “neutral” rating and raised their price target for the company from $220.00 to $235.00 in a report on Wednesday, September 17th. Finally, DA Davidson raised their price target on shares of Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.86.

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.