Oppenheimer Asset Management Inc. Reduces Stock Holdings in Workday, Inc. $WDAY

Oppenheimer Asset Management Inc. lessened its holdings in Workday, Inc. (NASDAQ:WDAY) by 6.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,034 shares of the software maker’s stock after selling 5,238 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Workday were worth $19,688,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Workday by 2.3% in the first 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 last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of 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 purchasing an additional 1,211,659 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of 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 valued at $872,610,000 after purchasing an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Workday by 35.6% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after purchasing an additional 913,613 shares during the period. Finally, Parnassus Investments LLC boosted its holdings in Workday by 22.4% during the first 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 in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the 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 approximately $4,803,129.44. This represents a 23.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction 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 owned 168,468 shares in the company, valued at $39,189,026.16. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,933 shares of company stock worth $61,475,760. Insiders own 19.31% of the company’s stock.

Workday Trading Down 0.2%

Shares of WDAY opened at $242.75 on Friday. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $233.64 and its two-hundred day moving average is $237.69. The stock has a market cap of $64.81 billion, a PE ratio of 112.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.10.

Workday (NASDAQ:WDAY) last announced 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 6.51% and a return on equity of 9.74%. Workday’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on WDAY shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Workday from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. JPMorgan Chase & Co. lowered their price target on Workday from $295.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Bank of America reduced their target price on Workday from $295.00 to $278.00 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Stifel Nicolaus dropped their price target on shares of Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a research note on Friday, August 22nd. Finally, Evercore ISI upped their price objective on shares of Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average price target of $287.83.

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.