Nisa Investment Advisors LLC Sells 4,567 Shares of Workday, Inc. $WDAY

by · The Markets Daily

Nisa Investment Advisors LLC reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY – Free Report) by 14.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 27,488 shares of the software maker’s stock after selling 4,567 shares during the period. Nisa Investment Advisors LLC’s holdings in Workday were worth $6,597,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Cornerstone Planning Group LLC increased its position in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after purchasing an additional 54 shares during the last quarter. Dagco Inc. purchased a new position in Workday during the first quarter worth $31,000. BankPlus Trust Department bought a new position in Workday during the first quarter valued at $40,000. Physician Wealth Advisors Inc. bought a new position in Workday during the second quarter valued at $42,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Workday by 211.7% in the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock valued at $44,000 after acquiring an additional 127 shares during the period. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup dropped their price target 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. Evercore ISI raised their price objective on shares of Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 17th. JPMorgan Chase & Co. dropped their target price on Workday from $295.00 to $290.00 and set an “overweight” rating for the company in a research report on Friday, August 22nd. Bank of America reduced their price target on Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $265.00 price target 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 issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $287.83.

Read Our Latest Analysis on WDAY

Workday Stock Down 0.8%

Shares of NASDAQ WDAY opened at $236.93 on Wednesday. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The firm has a market capitalization of $63.26 billion, a price-to-earnings ratio of 109.69, a PEG ratio of 2.98 and a beta of 1.10. The stock 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 (NASDAQ:WDAY – Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping 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 company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the business posted $1.75 EPS. Workday’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. Sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Workday

In related news, insider Richard Harry Sauer sold 2,320 shares of the company’s stock in a transaction dated 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 directly owned 90,077 shares of the company’s stock, valued at $21,246,461.99. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mark S. Garfield sold 1,915 shares of the stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $238.96, for a total transaction of $457,608.40. Following the transaction, the chief accounting officer owned 37,351 shares in the company, valued at approximately $8,925,394.96. The trade was a 4.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 264,933 shares of company stock valued at $61,475,760 over the last three months. 20.00% of the stock is currently owned by corporate insiders.

Workday Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday, Inc. (NASDAQ:WDAY – Free Report).