Securian Asset Management Inc. Sells 50 Shares of Workday, Inc. $WDAY

Securian Asset Management Inc. lowered its position in Workday, Inc. (NASDAQ:WDAY) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,335 shares of the software maker’s stock after selling 50 shares during the period. Securian Asset Management Inc.’s holdings in Workday were worth $2,720,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WDAY. Brighton Jones LLC boosted its holdings in Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after buying an additional 2,792 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Workday by 128.5% during the 1st quarter. GAMMA Investing LLC now owns 2,820 shares of the software maker’s stock valued at $659,000 after purchasing an additional 1,586 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Workday by 3.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 40,545 shares of the software maker’s stock valued at $9,468,000 after purchasing an additional 1,469 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Workday by 3.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 6,318 shares of the software maker’s stock valued at $1,475,000 after purchasing an additional 218 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Workday by 8.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 92,735 shares of the software maker’s stock valued at $21,656,000 after purchasing an additional 7,518 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Performance

Workday stock opened at $245.67 on Wednesday. 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 1-year low of $205.33 and a 1-year high of $294.00. The firm has a market capitalization of $65.59 billion, a P/E ratio of 113.74, a price-to-earnings-growth ratio of 3.01 and a beta of 1.10. The company’s 50-day moving average is $232.48 and its 200 day moving average is $237.05.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company posted $1.75 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

WDAY has been the subject of several research reports. Stifel Nicolaus dropped their price objective on shares of Workday from $275.00 to $255.00 and set a “hold” rating for the company in a report on Friday, August 22nd. Needham & Company LLC restated a “buy” rating and set a $300.00 target price on shares of Workday in a research report on Wednesday, September 17th. KeyCorp decreased their target price on shares of Workday from $325.00 to $285.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. Wells Fargo & Company decreased their target price on shares of Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Monday, August 18th. Finally, Cowen restated a “buy” rating on shares of Workday in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Workday has an average rating of “Moderate Buy” and an average price target of $287.83.

Insider Buying and Selling

In other Workday news, insider Richard Harry Sauer sold 2,320 shares of the company’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the transaction, the insider directly owned 90,077 shares in the company, valued at $21,246,461.99. This represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark S. Garfield sold 1,915 shares of the company’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $238.96, for a total transaction of $457,608.40. Following the completion of the transaction, the chief accounting officer owned 37,351 shares in the company, valued at $8,925,394.96. This represents a 4.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 264,933 shares of company stock worth $61,475,760 over the last three months. 20.00% of the stock is currently owned by company insiders.

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.