AQR Capital Management LLC Has $30.38 Million Stock Position in Workday, Inc. $WDAY

AQR Capital Management LLC trimmed its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 62.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,956 shares of the software maker's stock after selling 214,648 shares during the period. AQR Capital Management LLC's holdings in Workday were worth $30,382,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WDAY. Cornerstone Planning Group LLC lifted its holdings in shares of Workday by 76.1% during the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock valued at $28,000 after purchasing an additional 54 shares during the last quarter. Dagco Inc. purchased a new stake in shares of Workday during the first quarter valued at $31,000. Farmers & Merchants Investments Inc. acquired a new position in Workday during the first quarter valued at $32,000. Financial Management Professionals Inc. raised its position in Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after buying an additional 54 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new position in Workday during the first quarter valued at $40,000. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the firm'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 completion of the sale, the chief executive officer directly owned 1,472 shares of the company's stock, valued at $352,440.96. This trade represents a 80.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Mark S. Garfield sold 451 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total value of $105,921.86. Following the sale, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 318,380 shares of company stock worth $76,586,604 over the last 90 days. Corporate insiders own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WDAY shares. Loop Capital dropped their target price on Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research report on Friday, May 23rd. Citigroup dropped their target price on Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. BMO Capital Markets lowered their price objective on Workday from $314.00 to $285.00 and set an "outperform" rating on the stock in a report on Friday, August 22nd. Cantor Fitzgerald set a $265.00 price objective on Workday in a report on Thursday, August 14th. Finally, JMP Securities reissued a "market outperform" rating and set a $315.00 price objective on shares of Workday in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Workday presently has a consensus rating of "Moderate Buy" and a consensus target price of $286.81.

Workday Price Performance

Shares of Workday stock traded down $1.08 during midday trading on Tuesday, hitting $230.73. 1,903,471 shares of the company were exchanged, compared to its average volume of 3,808,938. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market cap of $61.60 billion, a P/E ratio of 106.82, a PEG ratio of 3.23 and a beta of 1.12. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The firm has a 50 day simple moving average of $230.18 and a 200-day simple moving average of $239.64.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion during 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%.Workday's revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. 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.