Railway Pension Investments Ltd Purchases Shares of 134,100 Workday, Inc. $WDAY

Railway Pension Investments Ltd bought a new position in Workday, Inc. (NASDAQ:WDAY) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 134,100 shares of the software maker’s stock, valued at approximately $16,417,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new position in shares of Workday during the second quarter valued at approximately $1,115,000. Norges Bank purchased a new stake in shares of Workday during the 4th quarter worth about $448,804,000. S&CO Inc. bought a new stake in shares of Workday during the 2nd quarter worth about $2,284,000. Harvest Fund Management Co. Ltd lifted its position in shares of Workday by 40.1% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 55,605 shares of the software maker’s stock worth $11,943,000 after purchasing an additional 15,903 shares during the last quarter. Finally, Aurora Investment Counsel bought a new position in Workday during the fourth quarter valued at about $2,357,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WDAY. Wolfe Research reissued an “outperform” rating and issued a $160.00 price target on shares of Workday in a report on Friday, May 22nd. Sanford C. Bernstein boosted their target price on Workday from $216.00 to $238.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup increased their target price on Workday from $139.00 to $201.00 and gave the stock a “neutral” rating in a report on Friday. TD Cowen cut their price target on Workday from $220.00 to $210.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Barclays lifted their price objective on Workday from $200.00 to $224.00 and gave the stock an “overweight” rating in a research report on Friday. Twenty investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $206.34.

Insider Transactions at Workday

In other Workday news, major shareholder David A. Duffield sold 107,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $122.04, for a total value of $13,119,300.00. Following the transaction, the insider directly owned 105,049 shares of the company’s stock, valued at $12,820,179.96. This trade represents a 50.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robert Enslin sold 5,374 shares of the firm’s stock in a transaction on Sunday, July 5th. The stock was sold at an average price of $134.90, for a total value of $724,952.60. Following the sale, the insider directly owned 239,469 shares of the company’s stock, valued at approximately $32,304,368.10. This trade represents a 2.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 875,020 shares of company stock valued at $113,938,503. 18.64% of the stock is currently owned by company insiders.

Key Headlines Impacting Workday

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Bright Horizons joined the Workday Wellness Partner Program, expanding Workday’s benefits ecosystem and helping employers manage family-care and education benefits through improved access and utilization insights. Bright Horizons Joins the Workday Wellness Partner Program
• Positive Sentiment: Analyst commentary highlights Workday’s long-term growth potential, supported by subscription revenue, artificial-intelligence adoption, and expanding profitability. A separate report said operating margin improved as these trends strengthened, though maintaining the gains will be important. Why Workday Is a Top Growth Stock Workday Operating Margin Expands
• Positive Sentiment: Several firms, including Monness Crespi & Hardt, KeyCorp, DA Davidson, BMO Capital Markets, and Needham, reportedly maintained or expressed bullish expectations for Workday’s shares. Barclays also retained its Buy rating. Barclays Sticks to Its Buy Rating
• Neutral Sentiment: Technical analysts said WDAY is testing resistance around $205, a level that has been important for several years. A breakout could attract buyers, while failure to clear it may encourage consolidation after the recent earnings-driven advance. Will Workday Break Out and Head Higher?
• Negative Sentiment: Workday is giving back part of its sharp post-earnings rally, suggesting profit-taking may be offsetting the company’s better-than-expected results. Cantor Fitzgerald and TD Cowen lowered their price targets to $205 and $210, respectively; Piper Sandler raised its target to $190, still below the recent trading range. Freedom Broker also lowered its rating. Cantor Fitzgerald Lowers Workday Price Target TD Cowen Lowers Workday Price Target

Workday Stock Performance

Shares of WDAY stock opened at $197.45 on Tuesday. Workday, Inc. has a fifty-two week low of $110.36 and a fifty-two week high of $249.85. The company has a market capitalization of $48.77 billion, a P/E ratio of 40.05, a PEG ratio of 2.17 and a beta of 1.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day moving average price of $159.40 and a two-hundred day moving average price of $141.02.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%.The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the business posted $2.21 EPS. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts expect that Workday, Inc. will post 5.39 earnings per share for the current year.

Workday Profile

Workday, Inc (NASDAQ: WDAY) is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday’s platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company’s product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.