Louisiana State Employees Retirement System Has $6.53 Million Stock Position in Workday, Inc. $WDAY

Louisiana State Employees Retirement System boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 0.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,200 shares of the software maker’s stock after purchasing an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Workday were worth $6,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WDAY. Janney Montgomery Scott LLC grew its position in shares of Workday by 5.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker’s stock worth $5,288,000 after buying an additional 1,070 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in Workday by 13.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker’s stock worth $265,000 after acquiring an additional 139 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Workday by 33.8% in the first quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock worth $7,486,000 after purchasing an additional 8,093 shares during the period. Chicago Capital LLC raised its holdings in Workday by 2.2% in the second quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock worth $42,193,000 after purchasing an additional 3,824 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in Workday by 21.1% in the second quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock worth $7,288,000 after purchasing an additional 5,300 shares during the period. Institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WDAY. Citigroup lowered their price objective 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. Zacks Research raised Workday from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Sanford C. Bernstein reiterated an “outperform” rating and set a $304.00 price objective on shares of Workday in a report on Friday, August 22nd. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of Workday in a report on Wednesday, September 17th. Finally, Bank of America cut their price objective on Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a report on Tuesday, August 19th. Three 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.83.

Insider Transactions at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total value of $1,484,500.00. Following the completion of the transaction, the chief executive officer directly owned 20,222 shares in the company, valued at $4,803,129.44. This trade represents a 23.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total value of $1,395,720.00. Following the completion of the sale, the chief financial officer directly owned 168,468 shares of the company’s stock, valued at approximately $39,189,026.16. The trade was a 3.44% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 183,023 shares of company stock valued at $42,117,830. 20.00% of the stock is owned by insiders.

Workday Trading Down 2.2%

Shares of NASDAQ:WDAY opened at $233.17 on Wednesday. The company’s 50-day moving average price is $229.94 and its two-hundred day moving average price is $237.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The stock has a market capitalization of $62.26 billion, a PE ratio of 107.95, a price-to-earnings-growth ratio of 2.97 and a beta of 1.10.

Workday (NASDAQ:WDAY) last released its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.Workday’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 EPS for the current fiscal year.

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.