AG2R LA Mondiale Gestion D Actifs Takes Position in Workday, Inc. $WDAY

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in Workday, Inc., purchasing 8,212 shares valued at approximately $2,034,000 in the first quarter.
• Workday's recent quarterly earnings report showed an EPS of $2.21, exceeding expectations and marking a 12.6% year-over-year revenue increase to $2.35 billion.
• Analyst ratings for Workday are generally positive, with a consensus rating of "Moderate Buy" and an average price target of $286.81, despite recent adjustments to price objectives from various brokerages.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,212 shares of the software maker's stock, valued at approximately $2,034,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WDAY. First Long Island Investors LLC acquired a new position in Workday during the first quarter valued at approximately $4,087,000. Osterweis Capital Management Inc. raised its position in Workday by 50.0% during the first quarter. Osterweis Capital Management Inc. now owns 6,000 shares of the software maker's stock valued at $1,401,000 after purchasing an additional 2,000 shares in the last quarter. Anderson Financial Strategies LLC acquired a new position in Workday during the first quarter valued at approximately $127,000. Strs Ohio acquired a new position in Workday during the first quarter valued at approximately $21,331,000. Finally, Advisors Capital Management LLC acquired a new position in Workday during the first quarter valued at approximately $534,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Stock Performance

Shares of Workday stock opened at $223.39 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The stock has a market cap of $59.65 billion, a price-to-earnings ratio of 103.42, a P/E/G ratio of 3.16 and a beta of 1.12. The company's fifty day moving average is $229.28 and its 200 day moving average is $239.09.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $2.34 billion. During the same quarter in the previous year, the firm posted $1.75 earnings per share. Workday'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. Sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WDAY. Stifel Nicolaus lowered their price objective on shares of Workday from $275.00 to $255.00 and set a "hold" rating for the company in a research report on Friday, August 22nd. Sanford C. Bernstein restated an "outperform" rating and set a $304.00 price objective on shares of Workday in a research report on Friday, August 22nd. Bank of America lowered their price objective on shares of Workday from $295.00 to $278.00 and set a "buy" rating for the company in a research report on Tuesday, August 19th. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of Workday in a research report on Tuesday. Finally, KeyCorp lowered their price target on shares of Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a report on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and a consensus price target of $286.81.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 72,551 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.61, for a total value of $17,383,945.11. Following the sale, the insider owned 102,997 shares of the company's stock, valued at $24,679,111.17. The trade was a 41.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the sale, the chief executive officer directly owned 1,472 shares in the company, valued at $352,440.96. This trade represents a 80.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 318,380 shares of company stock worth $76,586,604. Company insiders own 19.31% of the company's stock.

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.

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