Richard Harry Sauer Sells 1,160 Shares of Workday (NASDAQ:WDAY) Stock

Workday, Inc. (NASDAQ:WDAY) insider Richard Harry Sauer sold 1,160 shares of Workday stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $226.63, for a total transaction of $262,890.80. Following the sale, the insider directly owned 96,916 shares of the company’s stock, valued at $21,964,073.08. This represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Workday Trading Down 1.7%

NASDAQ WDAY opened at $219.01 on Wednesday. The stock’s 50 day moving average price is $228.48 and its two-hundred day moving average price is $238.30. 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. The stock has a market capitalization of $58.48 billion, a price-to-earnings ratio of 101.39, a PEG ratio of 3.10 and a beta of 1.12.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the firm posted $1.75 EPS. The company’s quarterly 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, analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Institutional Trading of Workday

Large investors have recently made changes to their positions in the business. Private Trust Co. NA raised its stake in Workday by 15.2% during the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock valued at $74,000 after buying an additional 42 shares during the last quarter. Salvus Wealth Management LLC grew its holdings in shares of Workday by 2.8% in the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker’s stock worth $387,000 after acquiring an additional 45 shares during the period. Verdence Capital Advisors LLC increased its position in Workday by 1.0% during the second quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $1,051,000 after acquiring an additional 45 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Workday by 15.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock worth $82,000 after purchasing an additional 46 shares during the last quarter. Finally, AE Wealth Management LLC grew its stake in shares of Workday by 0.4% during the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock valued at $2,778,000 after purchasing an additional 46 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of recent analyst reports. Guggenheim restated a “neutral” rating on shares of Workday in a research report on Friday, August 22nd. Oppenheimer decreased their price objective on shares of Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Morgan Stanley set a $255.00 price objective on Workday and gave the company an “equal weight” rating in a report on Friday, May 23rd. Loop Capital reduced their price target on Workday from $285.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, May 23rd. Finally, Citigroup dropped their target price on shares of Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Workday currently has an average rating of “Moderate Buy” and a consensus price target of $286.81.

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.