BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 59,631 Shares of Workday, Inc. $WDAY

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Workday, Inc. by 40.7%, acquiring an additional 59,631 shares during the first quarter, raising their total ownership to approximately 206,167 shares valued at $48 million.
• Multiple institutional investors have also expanded their positions in Workday, with 89.81% of the company's stock now held by hedge funds and other institutional investors.
• Workday's stock received several analyst upgrades, including a shift from "hold" to "buy" by Wall Street Zen, contributing to a consensus rating of "Moderate Buy" and a price target of $294.04.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 40.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,167 shares of the software maker's stock after purchasing an additional 59,631 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.08% of Workday worth $48,151,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Financial Advisors Network Inc. acquired a new position in Workday during the 1st quarter valued at $2,180,000. Alpha Family Trust raised its stake in shares of Workday by 19.8% in the 1st quarter. Alpha Family Trust now owns 1,360 shares of the software maker's stock valued at $318,000 after buying an additional 225 shares in the last quarter. Northern Trust Corp raised its stake in shares of Workday by 6.6% in the 1st quarter. Northern Trust Corp now owns 2,413,712 shares of the software maker's stock valued at $563,674,000 after buying an additional 149,731 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Workday by 26.6% in the 1st quarter. Brooklyn Investment Group now owns 1,409 shares of the software maker's stock valued at $329,000 after buying an additional 296 shares in the last quarter. Finally, Versor Investments LP raised its stake in shares of Workday by 121.1% in the 1st quarter. Versor Investments LP now owns 4,205 shares of the software maker's stock valued at $982,000 after buying an additional 2,303 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Workday from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Friday. UBS Group dropped their price objective on shares of Workday from $250.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday. BMO Capital Markets dropped their target price on shares of Workday from $314.00 to $285.00 and set an "outperform" rating for the company in a research report on Friday. DA Davidson increased their target price on shares of Workday from $230.00 to $250.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Finally, Morgan Stanley set a $255.00 target price on shares of Workday and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $283.76.

Workday Price Performance

NASDAQ:WDAY traded down $6.31 during mid-day trading on Friday, reaching $221.27. 8,223,481 shares of the company were exchanged, compared to its average volume of 2,451,143. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The company has a fifty day moving average of $232.85 and a 200 day moving average of $242.98. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33. The stock has a market cap of $59.08 billion, a PE ratio of 122.25, a PEG ratio of 3.44 and a beta of 1.24.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. Workday had a net margin of 5.60% and a return on equity of 8.00%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The company'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, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the sale, the chief executive officer owned 1,472 shares of the company's stock, valued at $352,440.96. This represents a 80.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mark S. Garfield sold 451 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $234.86, for a total transaction of $105,921.86. Following the sale, the chief accounting officer directly owned 42,977 shares in the company, valued at approximately $10,093,578.22. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,005 shares of company stock worth $79,203,523. 19.31% of the stock is currently owned by insiders.

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.