Workday (NASDAQ:WDAY) CEO Carl Eschenbach Sells 6,250 Shares of Stock

Workday, Inc. (NASDAQ:WDAY) CEO Carl Eschenbach sold 6,250 shares of Workday stock in a transaction 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 in the company, valued at $4,803,129.44. The trade was a 23.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Workday Stock Performance

Shares of Workday stock opened at $236.48 on Friday. The firm’s fifty day simple moving average is $230.06 and its 200-day simple moving average is $237.48. The stock has a market capitalization of $63.14 billion, a price-to-earnings ratio of 109.48, a PEG ratio of 2.89 and a beta of 1.10. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Hedge Funds Weigh In On Workday

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nuveen LLC purchased a new stake in shares of Workday in the 1st quarter worth about $456,341,000. Norges Bank purchased a new stake in shares of Workday in the 2nd quarter worth about $442,702,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock worth $879,147,000 after buying an additional 1,211,659 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Workday by 35.6% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after buying an additional 913,613 shares in the last quarter. Finally, Generation Investment Management LLP boosted its position in shares of Workday by 36.6% in the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock worth $678,117,000 after buying an additional 778,301 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WDAY. Piper Sandler raised shares of Workday from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $220.00 to $235.00 in a report on Wednesday, September 17th. TD Cowen cut their target price on shares of Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. BMO Capital Markets dropped their price objective on shares of Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a research note on Friday, August 22nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $265.00 price objective on shares of Workday in a research note on Wednesday, September 17th. Finally, Bank of America dropped their price objective on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research note on Tuesday, August 19th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.