Focus Partners Advisor Solutions LLC Raises Holdings in Workday, Inc. $WDAY

Focus Partners Advisor Solutions LLC grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 105.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,918 shares of the software maker’s stock after purchasing an additional 1,498 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Workday were worth $700,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock valued at $1,033,000 after acquiring an additional 2,792 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Workday by 128.5% in the 1st quarter. GAMMA Investing LLC now owns 2,820 shares of the software maker’s stock valued at $659,000 after acquiring an additional 1,586 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Workday by 13.8% in the 1st quarter. Bessemer Group Inc. now owns 3,732 shares of the software maker’s stock valued at $872,000 after acquiring an additional 453 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Workday by 9,166.7% in the 1st quarter. Golden State Wealth Management LLC now owns 278 shares of the software maker’s stock valued at $65,000 after acquiring an additional 275 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its holdings in shares of Workday by 12.5% in the 1st quarter. Perigon Wealth Management LLC now owns 1,823 shares of the software maker’s stock valued at $426,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Evercore ISI increased their price target on shares of Workday from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, September 17th. UBS Group set a $304.00 price target on shares of Workday in a report on Friday, August 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Workday from $295.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Wall Street Zen raised shares of Workday from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Finally, Citigroup decreased their price objective on shares of Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a research note 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $287.83.

Workday Stock Performance

Workday stock opened at $236.93 on Wednesday. The company has a 50 day moving average price of $233.92 and a 200-day moving average price of $237.87. 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. The company has a market capitalization of $63.26 billion, a PE ratio of 109.69, a P/E/G ratio of 2.98 and a beta of 1.10.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm posted $1.75 earnings per share. The company’s revenue was up 12.6% on a year-over-year basis. 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.

Insider Activity

In related news, major shareholder David A. Duffield sold 75,053 shares of Workday stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at $24,342,310.98. This trade represents a 42.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard Harry Sauer sold 2,320 shares of Workday 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 transaction, the insider directly owned 90,077 shares in the company, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 264,933 shares of company stock valued at $61,475,760. Insiders own 20.00% 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.