Trexquant Investment LP Buys Shares of 13,514 Workday, Inc. $WDAY

Key Points

• Trexquant Investment LP acquired 13,514 shares of Workday, Inc., valued at approximately $3,156,000, indicating growing institutional interest in the company.
• Insider sales were recorded with CEO Carl M. Eschenbach selling 6,250 shares for about $1.5 million, following CAO Mark S. Garfield's sale of 451 shares, showing significant insider activity.
• Brokerage firms recently adjusted their target prices for Workday, with Canaccord Genuity cutting its target from $330.00 to $275.00 while JMP Securities maintained an optimistic market outperform rating.

Trexquant Investment LP bought a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,514 shares of the software maker's stock, valued at approximately $3,156,000.

A number of other large investors have also made changes to their positions in the stock. Itau Unibanco Holding S.A. acquired a new stake in Workday in the 1st quarter worth about $48,000. Landscape Capital Management L.L.C. increased its holdings in Workday by 3.8% during the 1st quarter. Landscape Capital Management L.L.C. now owns 10,813 shares of the software maker's stock worth $2,525,000 after purchasing an additional 399 shares during the last quarter. LTS One Management LP increased its holdings in Workday by 6.4% during the 1st quarter. LTS One Management LP now owns 60,000 shares of the software maker's stock worth $14,012,000 after purchasing an additional 3,625 shares during the last quarter. Oarsman Capital Inc. increased its holdings in shares of Workday by 13.3% in the 1st quarter. Oarsman Capital Inc. now owns 1,051 shares of the software maker's stock valued at $245,000 after acquiring an additional 123 shares during the last quarter. Finally, Beck Bode LLC grew its stake in Workday by 2.1% during the 1st quarter. Beck Bode LLC now owns 25,324 shares of the software maker's stock worth $5,914,000 after buying an additional 529 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Stock Down 0.0%

Workday stock traded down $0.05 during mid-day trading on Friday, hitting $231.08. The company's stock had a trading volume of 3,525,278 shares, compared to its average volume of 3,855,587. The firm's 50 day moving average is $230.52 and its 200 day moving average is $240.17. The company has a market cap of $61.70 billion, a PE ratio of 106.98, a price-to-earnings-growth ratio of 3.22 and a beta of 1.12. 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 52-week low of $205.33 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings results 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 return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the business earned $1.75 EPS. The business's quarterly revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WDAY shares. Guggenheim restated a "neutral" rating on shares of Workday in a research note on Friday, August 22nd. Piper Sandler lowered their price objective on Workday from $235.00 to $220.00 and set an "underweight" rating for the company in a research note on Friday, August 22nd. Morgan Stanley set a $255.00 price objective on Workday and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. KeyCorp reduced their price target on Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. Finally, Wells Fargo & Company reduced their price target on Workday from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Workday currently has a consensus rating of "Moderate Buy" and a consensus price target of $286.81.

Insider Transactions at Workday

In related news, CAO Mark S. Garfield sold 451 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the sale, the chief accounting officer owned 42,977 shares of the company's stock, valued at $10,093,578.22. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the sale, the chief executive officer owned 1,472 shares of the company's stock, valued at approximately $352,440.96. The trade was a 80.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 318,380 shares of company stock worth $76,586,604 over the last quarter. 19.31% of the stock is owned by company insiders.

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.