Bwcp LP Takes Position in Workday, Inc. $WDAY

Key Points

• Bwcp LP has acquired 75,613 shares of Workday, Inc., valued at approximately $17.7 million, making it the firm's 16th largest holding.
• Multiple institutional investors, including Brighton Jones LLC and Ameriprise Financial Inc., have significantly increased their stakes in Workday during the fourth quarter.
• Analysts have mixed ratings for Workday, with target prices ranging from $250 to $286.81, and a consensus rating of "Moderate Buy."

Bwcp LP purchased a new position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 75,613 shares of the software maker's stock, valued at approximately $17,658,000. Workday comprises approximately 3.6% of Bwcp LP's portfolio, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of Workday in the 1st quarter valued at approximately $456,341,000. T. Rowe Price Investment Management Inc. increased its position in shares of Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock valued at $879,147,000 after acquiring an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock worth $812,475,000 after purchasing an additional 913,613 shares during the last quarter. Generation Investment Management LLP lifted its position in shares of Workday by 36.6% in the first quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker's stock valued at $678,117,000 after buying an additional 778,301 shares during the last quarter. Finally, Contour Asset Management LLC bought a new stake in shares of Workday during the 4th quarter worth about $183,516,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 451 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $234.86, for a total transaction of $105,921.86. Following the transaction, the chief accounting officer directly owned 42,977 shares in the company, valued at approximately $10,093,578.22. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Zane Rowe sold 6,000 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total value of $1,437,540.00. Following the transaction, the chief financial officer directly owned 178,418 shares in the company, valued at approximately $42,747,168.62. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 318,380 shares of company stock valued at $76,586,604 over the last quarter. 19.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on WDAY. Oppenheimer lowered their price objective on Workday from $300.00 to $270.00 and set an "outperform" rating on the stock in a research note on Friday, August 22nd. JPMorgan Chase & Co. cut their price target on shares of Workday from $295.00 to $290.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Piper Sandler cut their target price on Workday from $235.00 to $220.00 and set an "underweight" rating on the stock in a research report on Friday, August 22nd. Finally, BMO Capital Markets decreased their target price on Workday from $314.00 to $285.00 and set an "outperform" rating for the company in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $286.81.

Workday Price Performance

Shares of NASDAQ:WDAY traded down $0.05 during trading on Friday, reaching $231.08. The company had a trading volume of 3,525,278 shares, compared to its average volume of 3,855,587. The company has a fifty day moving average of $230.52 and a two-hundred day moving average of $240.17. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $61.70 billion, a P/E ratio of 106.98, a price-to-earnings-growth ratio of 3.22 and a beta of 1.12. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm's revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts forecast 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.