Copperwynd Financial LLC Lowers Position in Workday, Inc. $WDAY

Copperwynd Financial LLC lessened its position in Workday, Inc. (NASDAQ:WDAY) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,094 shares of the software maker’s stock after selling 87 shares during the quarter. Copperwynd Financial LLC’s holdings in Workday were worth $983,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WDAY. Nuveen LLC purchased a new position in Workday during the first quarter valued at $456,341,000. T. Rowe Price Investment Management Inc. raised its stake in Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after buying an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Workday by 35.6% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after buying an additional 913,613 shares during the last quarter. Generation Investment Management LLP raised its stake in Workday by 36.6% during the first quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock valued at $678,117,000 after buying an additional 778,301 shares during the last quarter. Finally, Parnassus Investments LLC raised its stake in Workday by 22.4% during the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after buying an additional 548,694 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WDAY. Cowen reiterated a “buy” rating on shares of Workday in a research note on Wednesday, September 17th. Wall Street Zen raised Workday from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. BMO Capital Markets reduced their target price on Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. Stifel Nicolaus reduced their target price on Workday from $275.00 to $255.00 and set a “hold” rating for the company in a report on Friday, August 22nd. Finally, Barclays lifted their target price on Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Three investment 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $287.83.

Insider Activity at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the completion of the transaction, the chief financial officer directly owned 168,468 shares in the company, valued at $39,189,026.16. This represents a 3.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder David A. Duffield sold 78,564 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at $22,671,699.64. The trade was a 43.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,572 shares of company stock valued at $42,011,908 in the last 90 days. 19.31% of the stock is owned by company insiders.

Workday Price Performance

NASDAQ WDAY opened at $238.25 on Thursday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $229.95 and a 200 day simple moving average of $237.19. The company has a market cap of $63.61 billion, a P/E ratio of 110.30, a P/E/G ratio of 2.91 and a beta of 1.10. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12. The firm had revenue of $2.35 billion during 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 business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Workday Company 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.