Motley Fool Asset Management LLC Increases Stake in Workday, Inc. $WDAY

Motley Fool Asset Management LLC increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 13.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,586 shares of the software maker’s stock after buying an additional 1,949 shares during the period. Motley Fool Asset Management LLC’s holdings in Workday were worth $3,981,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Workday by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock worth $4,810,404,000 after buying an additional 455,855 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Workday by 47.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock worth $879,147,000 after buying an additional 1,211,659 shares during the period. The Manufacturers Life Insurance Company increased its stake in Workday by 0.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock worth $872,610,000 after buying an additional 14,354 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after buying an additional 913,613 shares during the period. Finally, Parnassus Investments LLC increased its stake in Workday by 22.4% during the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after buying an additional 548,694 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Trading Down 1.6%

Shares of NASDAQ:WDAY opened at $238.91 on Tuesday. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The company’s 50 day moving average is $233.78 and its two-hundred day moving average is $237.79. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The company has a market cap of $63.79 billion, a PE ratio of 110.61, a P/E/G ratio of 3.05 and a beta of 1.10.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WDAY. BMO Capital Markets cut their target price on shares of Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a research note on Friday, August 22nd. Canaccord Genuity Group dropped their price objective on shares of Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. JMP Securities reissued a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Bank of America dropped their price objective on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a research report on Tuesday, August 19th. Finally, Citigroup dropped their price objective on shares of Workday from $279.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $287.83.

Insider Transactions at Workday

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 20,222 shares of the company’s stock, valued at $4,803,129.44. This trade represents a 23.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael M. Mcnamara sold 5,393 shares of the stock in a transaction on Friday, October 10th. The shares were sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the completion of the transaction, the director directly owned 24,078 shares in the company, valued at $5,662,182.48. This trade represents a 18.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,933 shares of company stock worth $61,475,760. Insiders own 19.31% 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.