Conning Inc. Makes New $208,000 Investment in Workday, Inc. $WDAY

Conning Inc. acquired a new stake in Workday, Inc. (NASDAQ:WDAY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 867 shares of the software maker’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its stake in shares of Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after buying an additional 54 shares during the period. Dagco Inc. acquired a new position in Workday in the 1st quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. acquired a new position in Workday in the 1st quarter valued at approximately $32,000. Pinnacle Bancorp Inc. acquired a new position in Workday in the 1st quarter valued at approximately $40,000. Finally, BankPlus Trust Department acquired a new stake in Workday in the first quarter valued at $40,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

WDAY has been the subject of a number of recent research reports. KeyCorp decreased their price objective on Workday from $325.00 to $285.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Stifel Nicolaus decreased their price target on Workday from $275.00 to $255.00 and set a “hold” rating for the company in a research note on Friday, August 22nd. Cowen reissued a “buy” rating on shares of Workday in a research report on Wednesday, September 17th. BMO Capital Markets decreased their price objective on shares of Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, August 22nd. Finally, TD Cowen decreased their price objective on shares of Workday from $310.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. 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 company. Based on data from MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

Workday Stock Performance

Shares of WDAY stock opened at $233.18 on Monday. 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 company has a market cap of $62.26 billion, a price-to-earnings ratio of 107.95, a price-to-earnings-growth ratio of 2.91 and a beta of 1.10. The firm has a 50 day moving average of $230.35 and a 200-day moving average of $236.82. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. The business 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% on a year-over-year basis. During the same period last 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, equities analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Workday

In related news, insider Richard Harry Sauer sold 2,320 shares of Workday stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the completion of the sale, the insider owned 90,077 shares of the company’s stock, valued at approximately $21,246,461.99. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 75,053 shares of Workday stock in a transaction 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 completion of the sale, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $24,342,310.98. The trade was a 42.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 257,625 shares of company stock worth $59,749,934. 19.31% of the stock is owned by company insiders.

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.