Slow Capital Inc. Buys 715 Shares of Workday, Inc. $WDAY

Slow Capital Inc. lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,550 shares of the software maker’s stock after purchasing an additional 715 shares during the quarter. Slow Capital Inc.’s holdings in Workday were worth $5,652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC lifted 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 worth $28,000 after purchasing an additional 54 shares during the period. Dagco Inc. acquired a new position in shares of Workday in the 1st quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. bought a new stake in shares of Workday during the 1st quarter worth approximately $32,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Workday during the 1st quarter worth approximately $40,000. Finally, BankPlus Trust Department bought a new position in Workday in the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on WDAY shares. JMP Securities restated a “market outperform” rating and set a $315.00 target price on shares of Workday in a research note on Wednesday, September 17th. Weiss Ratings restated a “hold (c)” rating on shares of Workday in a research report on Saturday, September 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $265.00 price objective on shares of Workday in a research note on Wednesday, September 17th. Stifel Nicolaus lowered their target price on Workday from $275.00 to $255.00 and set a “hold” rating for the company in a research note on Friday, August 22nd. Finally, UBS Group set a $304.00 target price on shares of Workday in a report on Friday, August 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Stock Up 0.8%

NASDAQ:WDAY opened at $238.36 on Tuesday. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market cap of $63.64 billion, a PE ratio of 110.35, a P/E/G ratio of 2.95 and a beta of 1.10. The firm’s 50 day simple moving average is $230.07 and its 200 day simple moving average is $237.21.

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. The firm 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 company’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 EPS. 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.

Insider Buying and Selling

In related news, CAO Mark S. Garfield sold 451 shares of the firm’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total transaction of $105,921.86. Following the completion of the transaction, the chief accounting officer directly owned 42,977 shares of the company’s stock, valued at $10,093,578.22. This trade represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $237.52, for a total value of $1,484,500.00. Following the completion of the sale, the chief executive officer owned 20,222 shares in the company, valued at $4,803,129.44. This trade represents a 23.61% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 174,703 shares of company stock valued at $40,174,891. Company insiders own 20.00% of the company’s stock.

Workday Company Profile

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.