Callan Family Office LLC Invests $431,000 in Workday, Inc. $WDAY

Callan Family Office LLC bought a new position in shares of Workday, Inc. (NASDAQ:WDAY) during the second quarter, Holdings Channel reports. The fund bought 1,796 shares of the software maker’s stock, valued at approximately $431,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in shares of Workday by 5.0% during the first quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker’s stock valued at $5,288,000 after buying an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of Workday by 13.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker’s stock valued at $265,000 after buying an additional 139 shares in the last quarter. Chicago Capital LLC grew its holdings in shares of Workday by 2.2% during the second quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock valued at $42,193,000 after buying an additional 3,824 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Workday by 33.8% during the first quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock valued at $7,486,000 after buying an additional 8,093 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Workday by 21.1% during the second quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock valued at $7,288,000 after buying an additional 5,300 shares in the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 75,053 shares of the company’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the completion of the sale, the insider owned 102,997 shares in the company, valued at approximately $24,342,310.98. This represents a 42.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $39,189,026.16. This 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 worth $61,475,760 in the last 90 days. Insiders own 20.00% of the company’s stock.

Workday Stock Performance

WDAY opened at $237.18 on Wednesday. The company has a market cap of $63.33 billion, a PE ratio of 109.81, a price-to-earnings-growth ratio of 2.95 and a beta of 1.10. The stock has a 50-day moving average of $230.82 and a 200-day moving average of $236.81. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. 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 (NASDAQ:WDAY) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.12. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior 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 research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WDAY shares. Piper Sandler upgraded Workday from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $220.00 to $235.00 in a report on Wednesday, September 17th. Zacks Research upgraded Workday from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Guggenheim upgraded 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. DA Davidson boosted their target price on Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Finally, JMP Securities restated a “market outperform” rating and issued a $315.00 target price on shares of Workday in a research note on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.