Caisse DE Depot ET Placement DU Quebec Sells 79,218 Shares of Workday, Inc. $WDAY

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Workday, Inc. by 16.8% by selling 79,218 shares during the first quarter, resulting in a total of 393,148 shares owned, valued at approximately $91.8 million.
• Insider trading activity includes CEO Carl M. Eschenbach selling 6,250 shares for over $1.49 million, marking an 80.94% decrease in his position, while Director George J. Still, Jr. sold 7,500 shares valued at approximately $1.86 million.
• Workday's recent quarterly earnings showed an EPS of $2.21, exceeding estimates and reflecting a 12.6% year-over-year revenue growth to $2.35 billion.

Caisse DE Depot ET Placement DU Quebec cut its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 16.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 393,148 shares of the software maker's stock after selling 79,218 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.15% of Workday worth $91,812,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Private Trust Co. NA increased its stake in Workday by 15.2% during the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock worth $74,000 after purchasing an additional 42 shares in the last quarter. Salvus Wealth Management LLC increased its stake in Workday by 2.8% during the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock worth $387,000 after purchasing an additional 45 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Workday by 15.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock worth $82,000 after purchasing an additional 46 shares in the last quarter. AE Wealth Management LLC increased its stake in Workday by 0.4% during the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker's stock worth $2,778,000 after purchasing an additional 46 shares in the last quarter. Finally, Bristlecone Advisors LLC grew its stake in shares of Workday by 1.6% during the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker's stock worth $693,000 after acquiring an additional 47 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Workday

In other Workday 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George J. Still, Jr. sold 7,500 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total value of $1,863,075.00. Following the sale, the director directly owned 67,500 shares of the company's stock, valued at $16,767,675. This represents a 10.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 325,880 shares of company stock worth $78,449,679. 20.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Westpark Capital raised their price target on shares of Workday from $315.00 to $328.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. DA Davidson raised their price target on shares of Workday from $230.00 to $250.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price target on shares of Workday in a research note on Friday. Cantor Fitzgerald set a $265.00 price target on shares of Workday in a research note on Thursday, August 14th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Workday in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Workday has an average rating of "Moderate Buy" and a consensus price target of $283.76.

Workday Price Performance

NASDAQ:WDAY opened at $223.39 on Tuesday. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company has a current ratio of 2.10, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $231.94 and a 200 day simple moving average of $241.89. The stock has a market capitalization of $59.65 billion, a PE ratio of 103.42, a P/E/G ratio of 3.34 and a beta of 1.24.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the firm posted $1.75 EPS. The company's quarterly 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 expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

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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