Ameriprise Financial Inc. Increases Position in Workday, Inc. $WDAY

Key Points

• Ameriprise Financial Inc. increased its holdings in Workday, Inc. by 79.4% during the first quarter, owning 491,413 shares valued at $114.76 million.
• Workday reported an EPS of $2.21 for the last quarter, surpassing analyst estimates by $0.12, along with a year-over-year revenue increase of 12.6%.
• Brokerages have mixed ratings on Workday, with a consensus rating of "Moderate Buy" and a target price of $283.76.

Ameriprise Financial Inc. increased its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 79.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 491,413 shares of the software maker's stock after purchasing an additional 217,486 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.18% of Workday worth $114,761,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of WDAY. Nuveen LLC bought a new position in Workday in the 1st quarter worth $456,341,000. The Manufacturers Life Insurance Company grew its position in Workday by 60.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock worth $960,454,000 after acquiring an additional 1,406,088 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in 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 worth $879,147,000 after acquiring an additional 1,211,659 shares in the last quarter. Northern Trust Corp grew its position in Workday by 51.2% in the fourth quarter. Northern Trust Corp now owns 2,263,981 shares of the software maker's stock worth $584,175,000 after acquiring an additional 767,034 shares in the last quarter. Finally, Contour Asset Management LLC purchased a new position in Workday in the fourth quarter worth about $183,516,000. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on WDAY shares. Sanford C. Bernstein restated an "outperform" rating and set a $304.00 target price on shares of Workday in a research report on Friday, August 22nd. Guggenheim restated a "neutral" rating on shares of Workday in a research report on Friday, August 22nd. Morgan Stanley set a $255.00 price target on Workday and gave the company an "equal weight" rating in a report on Friday, May 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on Workday from $330.00 to $280.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Loop Capital lowered their price target on Workday from $285.00 to $250.00 and set a "hold" rating for the company in a report on Friday, May 23rd. Two investment 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $286.81.

Workday Stock Down 0.5%

NASDAQ:WDAY traded down $1.21 during trading hours on Thursday, reaching $228.50. The company's stock had a trading volume of 3,043,028 shares, compared to its average volume of 2,490,912. The company has a market capitalization of $61.01 billion, a P/E ratio of 105.79, a price-to-earnings-growth ratio of 3.31 and a beta of 1.24. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.10. The stock has a 50 day moving average price of $231.40 and a two-hundred day moving average price of $241.68.

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

Insider Buying and Selling at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the transaction, the chief executive officer directly owned 1,472 shares of the company's stock, valued at approximately $352,440.96. This represents a 80.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was 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. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 325,880 shares of company stock valued at $78,449,679. Corporate insiders own 19.31% of the company's stock.

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.