Assenagon Asset Management S.A. Has $128.38 Million Holdings in Workday, Inc. $WDAY

Key Points

• Assenagon Asset Management S.A. increased its holdings in Workday, Inc. by 225.6% in the second quarter, now owning over 534,903 shares valued at $128.38 million.
• Insider trading has seen significant activity with 328,024 shares sold by company insiders valued at approximately $76.66 million in the last three months.
• Several analysts have boosted their price targets for Workday, with a consensus rating of "Moderate Buy" and a target price of $287.83.

Assenagon Asset Management S.A. raised its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 225.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 534,903 shares of the software maker's stock after purchasing an additional 370,596 shares during the period. Assenagon Asset Management S.A. owned 0.20% of Workday worth $128,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WDAY. Brighton Jones LLC increased its holdings in shares of Workday by 230.2% in the fourth quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock valued at $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Workday by 24.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker's stock valued at $793,000 after acquiring an additional 595 shares during the period. Waverly Advisors LLC bought a new stake in shares of Workday in the fourth quarter valued at about $432,000. Focus Partners Advisor Solutions LLC boosted its position in shares of Workday by 28.7% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 1,405 shares of the software maker's stock valued at $363,000 after acquiring an additional 313 shares during the period. Finally, Vise Technologies Inc. boosted its position in shares of Workday by 46.5% in the fourth quarter. Vise Technologies Inc. now owns 3,485 shares of the software maker's stock valued at $899,000 after acquiring an additional 1,106 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. TD Cowen reduced their target price on shares of Workday from $310.00 to $290.00 and set a "buy" rating for the company in a research report on Wednesday. Cantor Fitzgerald reissued an "overweight" rating and issued a $265.00 target price on shares of Workday in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of Workday from $295.00 to $290.00 and set an "overweight" rating for the company in a research report on Friday, August 22nd. DA Davidson upped their price objective on shares of Workday from $225.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Piper Sandler raised shares of Workday from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $220.00 to $235.00 in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, Workday presently has an average rating of "Moderate Buy" and an average target price of $287.83.

Workday Price Performance

Shares of WDAY stock traded up $0.12 on Friday, reaching $233.62. The company had a trading volume of 5,925,724 shares, compared to its average volume of 3,765,603. The stock has a market capitalization of $62.38 billion, a PE ratio of 108.16, a price-to-earnings-growth ratio of 3.08 and a beta of 1.12. 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 one year low of $205.33 and a one year high of $294.00. The business's 50-day moving average is $228.66 and its 200 day moving average is $237.84.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm posted $1.75 earnings per share. The firm's revenue was up 12.6% compared to the same quarter last year. 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 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Zane Rowe sold 6,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 178,418 shares of the company's stock, valued at $42,747,168.62. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Mark S. Garfield sold 451 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 328,024 shares of company stock valued at $76,664,934 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.