APG Asset Management N.V. Has $30.64 Million Stock Position in Workday, Inc. $WDAY

Key Points

• APG Asset Management N.V. reduced its stake in Workday, Inc. by 7.1%, owning approximately 141,726 shares valued at $30.64 million at the end of the last quarter.
• Several institutional investors, including Smartleaf Asset Management and Northwestern Mutual Wealth Management, have increased their positions in Workday, emphasizing a growing interest in the stock.
• Workday's latest earnings report showed a profit of $2.21 per share, surpassing analysts' expectations, and the company experienced a 12.6% year-over-year revenue increase.

APG Asset Management N.V. decreased its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 7.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,726 shares of the software maker's stock after selling 10,774 shares during the period. APG Asset Management N.V. owned approximately 0.05% of Workday worth $30,640,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position in Workday by 4.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,747 shares of the software maker's stock valued at $417,000 after acquiring an additional 78 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Workday by 305.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 26,023 shares of the software maker's stock valued at $6,077,000 after buying an additional 19,612 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Workday by 0.3% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,925 shares of the software maker's stock valued at $9,557,000 after buying an additional 138 shares during the last quarter. Crescent Park Management L.P. grew its stake in Workday by 6.2% in the 1st quarter. Crescent Park Management L.P. now owns 42,230 shares of the software maker's stock valued at $9,862,000 after buying an additional 2,450 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its stake in Workday by 2.8% in the 1st quarter. Kestra Advisory Services LLC now owns 11,095 shares of the software maker's stock valued at $2,591,000 after buying an additional 306 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

WDAY has been the topic of a number of analyst reports. Guggenheim restated a "neutral" rating on shares of Workday in a research report on Friday. Citigroup dropped their price objective on shares of Workday from $279.00 to $260.00 and set a "neutral" rating for the company in a research note on Friday. Cantor Fitzgerald set a $265.00 price objective on shares of Workday in a research note on Thursday, August 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $340.00 price target on shares of Workday in a research note on Friday. Finally, Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $283.76.

Workday Stock Down 2.8%

Shares of NASDAQ WDAY opened at $221.27 on Friday. The stock has a market capitalization of $59.08 billion, a P/E ratio of 102.44, a P/E/G ratio of 3.34 and a beta of 1.24. The company has a 50-day moving average price of $232.39 and a 200-day moving average price of $242.48. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.07 and a quick ratio of 2.07.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.83%. The firm had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same period last year, the company earned $1.75 earnings per share. The business's 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, equities research analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity at Workday

In related news, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the transaction, the director directly owned 67,500 shares of the company's stock, valued at $16,767,675. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $1,437,540.00. Following the transaction, the chief financial officer directly owned 178,418 shares in the company, valued at $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. Insiders sold 329,005 shares of company stock valued at $79,203,523 over the last three months. 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.

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday, Inc. (NASDAQ:WDAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.