Norinchukin Bank The Purchases 4,417 Shares of Workday, Inc. $WDAY

Norinchukin Bank The grew its position in shares of Workday, Inc. (NASDAQ:WDAY) by 46.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,929 shares of the software maker’s stock after acquiring an additional 4,417 shares during the period. Norinchukin Bank The’s holdings in Workday were worth $3,253,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in Workday by 15.2% in the first quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock worth $74,000 after purchasing an additional 42 shares during the last quarter. Salvus Wealth Management LLC raised its position in shares of Workday by 2.8% during the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker’s stock valued at $387,000 after purchasing an additional 45 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Workday by 15.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock valued at $82,000 after purchasing an additional 46 shares during the period. AE Wealth Management LLC raised its position 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. Finally, Bristlecone Advisors LLC raised its position in shares of Workday by 1.6% during the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock valued at $693,000 after purchasing an additional 47 shares during the period. 89.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the completion of the sale, the chief executive officer directly owned 1,472 shares of the company’s stock, valued at $352,440.96. The trade was a 80.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 72,551 shares of the firm’s stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.61, for a total value of $17,383,945.11. Following the transaction, the insider owned 102,997 shares in the company, valued at approximately $24,679,111.17. This represents a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold 329,005 shares of company stock worth $79,203,523 over the last 90 days. Corporate insiders own 19.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on WDAY shares. Cantor Fitzgerald set a $265.00 price target on shares of Workday in a report on Thursday, August 14th. Bank of America reduced their price target on shares of Workday from $295.00 to $278.00 and set a “buy” rating on the stock in a report on Tuesday. Stifel Nicolaus reduced their price target on shares of Workday from $310.00 to $275.00 and set a “hold” rating on the stock in a report on Friday, May 23rd. Piper Sandler reiterated an “underweight” rating and issued a $235.00 price target (down from $255.00) on shares of Workday in a report on Thursday, July 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target on shares of Workday in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $292.92.

Workday Price Performance

WDAY stock opened at $227.58 on Friday. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $232.85 and a 200 day moving average price of $242.98. The stock has a market cap of $60.76 billion, a PE ratio of 125.73, a P/E/G ratio of 3.44 and a beta of 1.24.

Workday (NASDAQ:WDAY) last released its quarterly earnings data 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 company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a net margin of 5.60% and a return on equity of 8.00%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Workday 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.