BDF Gestion Has $3.91 Million Stake in Workday, Inc. $WDAY

Key Points

• BDF Gestion reduced its stake in Workday, Inc. by 9.8%, owning 16,291 shares worth approximately $3.91 million at the end of the last quarter.
• Insiders, including major shareholder David A. Duffield, sold a combined total of 328,024 shares in the last quarter, representing significant decreases in their positions.
• Workday reported $2.21 EPS for its latest quarter, exceeding analysts' expectations, with a revenue growth of 12.6% year-over-year.

BDF Gestion lowered its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 9.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,291 shares of the software maker's stock after selling 1,776 shares during the quarter. BDF Gestion's holdings in Workday were worth $3,910,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Diversified Trust Co lifted its stake in Workday by 35.0% in the 2nd quarter. Diversified Trust Co now owns 6,557 shares of the software maker's stock valued at $1,574,000 after purchasing an additional 1,699 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Workday by 225.6% in the second quarter. Assenagon Asset Management S.A. now owns 534,903 shares of the software maker's stock valued at $128,377,000 after buying an additional 370,596 shares during the period. Perpetual Ltd acquired a new stake in shares of Workday in the second quarter valued at approximately $966,000. IFM Investors Pty Ltd lifted its position in shares of Workday by 7.1% in the second quarter. IFM Investors Pty Ltd now owns 41,046 shares of the software maker's stock valued at $9,851,000 after buying an additional 2,724 shares during the last quarter. Finally, Cooper Investors PTY Ltd. boosted its stake in shares of Workday by 84.1% during the 2nd quarter. Cooper Investors PTY Ltd. now owns 25,445 shares of the software maker's stock worth $6,107,000 after acquiring an additional 11,620 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder David A. Duffield sold 78,564 shares of the company's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the completion of the sale, the insider directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. This represents a 43.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,496,437.50. Following the completion of the transaction, the chief executive officer owned 1,472 shares in the company, valued at $352,440.96. The trade was a 80.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 328,024 shares of company stock valued at $76,664,934 in the last quarter. Corporate insiders own 19.31% of the company's stock.

Workday Trading Up 0.1%

Shares of Workday stock opened at $233.62 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a 50-day moving average of $228.66 and a 200-day moving average of $237.99. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The stock has a market cap of $62.38 billion, a PE ratio of 108.16, a PEG ratio of 3.08 and a beta of 1.12.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 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 analyst estimates of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. Workday's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the firm earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

WDAY has been the topic of a number of research analyst reports. JMP Securities restated a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price objective on shares of Workday in a report on Wednesday. Westpark Capital increased their price objective on shares of Workday from $315.00 to $328.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Workday from $330.00 to $280.00 and set a "buy" rating for the company in a report on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $287.83.

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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