Workday, Inc. $WDAY Shares Sold by Arcus Capital Partners LLC

Arcus Capital Partners LLC cut its stake in Workday, Inc. (NASDAQ:WDAY) by 3.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,504 shares of the software maker’s stock after selling 458 shares during the period. Workday makes up about 1.4% of Arcus Capital Partners LLC’s holdings, making the stock its 12th largest holding. Arcus Capital Partners LLC’s holdings in Workday were worth $3,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its stake in shares of Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after acquiring an additional 54 shares during the last quarter. Dagco Inc. purchased a new stake in shares of Workday in the first quarter valued at about $31,000. Pinnacle Bancorp Inc. acquired a new stake in Workday during the first quarter worth about $40,000. BankPlus Trust Department acquired a new stake in Workday during the first quarter worth about $40,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Workday during the second quarter worth about $42,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Deutsche Bank Aktiengesellschaft cut their target price on Workday from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 22nd. TD Cowen cut their price objective on Workday from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. DA Davidson boosted their price objective on shares of Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Finally, Stifel Nicolaus dropped their price target on shares of Workday from $275.00 to $255.00 and set a “hold” rating for the company in a research report on Friday, August 22nd. Three investment 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Price Performance

Shares of WDAY opened at $234.25 on Friday. The company has a market cap of $62.54 billion, a P/E ratio of 108.45, a PEG ratio of 2.92 and a beta of 1.10. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. 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 firm’s 50 day moving average price is $231.31 and its 200 day moving average price is $236.76.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Workday news, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the transaction, the insider owned 90,077 shares in the company, valued at $21,246,461.99. The trade was a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael M. Mcnamara sold 5,393 shares of the firm’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the completion of the sale, the director owned 24,078 shares in the company, valued at $5,662,182.48. The trade was a 18.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 264,933 shares of company stock worth $61,475,760. Corporate insiders own 19.31% of the company’s stock.

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.