Angeles Wealth Management LLC Purchases New Position in Workday, Inc. $WDAY

Angeles Wealth Management LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 842 shares of the software maker’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its position in Workday by 76.1% during the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after acquiring an additional 54 shares in the last quarter. Dagco Inc. acquired a new stake in Workday in the first quarter valued at approximately $31,000. Pinnacle Bancorp Inc. acquired a new stake in Workday in the first quarter valued at approximately $40,000. BankPlus Trust Department acquired a new stake in Workday in the first quarter valued at approximately $40,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in Workday in the second quarter valued at approximately $42,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Workday

In other Workday news, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction 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 transaction, the director owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. The trade was a 18.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total value of $1,395,720.00. Following the transaction, the chief financial officer directly owned 168,468 shares in the company, valued at $39,189,026.16. This trade represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,933 shares of company stock valued at $61,475,760 in the last three months. Company insiders own 19.31% of the company’s stock.

Analysts Set New Price Targets

WDAY has been the topic of several research analyst reports. Canaccord Genuity Group dropped their price objective on Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, August 22nd. BMO Capital Markets lowered their price target on 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 reaffirmed an “overweight” rating and issued a $265.00 price target on shares of Workday in a research note on Wednesday, September 17th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $304.00 price target on shares of Workday in a research note on Friday, August 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $340.00 price target on shares of Workday in a research note on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $287.83.

Workday Stock Performance

NASDAQ WDAY opened at $234.25 on Friday. The stock’s fifty day moving average is $231.31 and its two-hundred day moving average is $236.76. The firm has a market capitalization of $62.54 billion, a P/E ratio of 108.45, a price-to-earnings-growth ratio of 2.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. The company 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 firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

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.