E. Ohman J or Asset Management AB Has $35.79 Million Holdings in Workday, Inc. $WDAY

Key Points

• E. Ohman J or Asset Management AB increased its holdings in Workday, Inc. by 2.0%, owning 149,117 shares worth approximately $35.79 million, making it the company's 25th largest position.
• Several analysts have modified their price targets on Workday, with Bank of America lowering its target from $295 to $278 while maintaining a "buy" rating, indicating mixed sentiments on the stock's performance.
• Workday recently reported earnings of $2.21 per share, surpassing analyst estimates, and achieved a 12.6% year-over-year revenue increase to $2.35 billion.

E. Ohman J or Asset Management AB lifted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,117 shares of the software maker's stock after purchasing an additional 2,928 shares during the quarter. Workday makes up about 0.9% of E. Ohman J or Asset Management AB's investment portfolio, making the stock its 25th largest position. E. Ohman J or Asset Management AB owned 0.06% of Workday worth $35,788,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WDAY. Cornerstone Planning Group LLC grew its holdings in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after purchasing an additional 54 shares in the last quarter. Dagco Inc. acquired a new stake in Workday in the 1st quarter valued at $31,000. Farmers & Merchants Investments Inc. acquired a new stake in Workday in the 1st quarter valued at $32,000. Financial Management Professionals Inc. boosted its stake in Workday by 54.0% in the 1st 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 in the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in Workday in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on WDAY shares. Bank of America decreased their price target on Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. DA Davidson boosted their price target on Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Wall Street Zen raised Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Loop Capital decreased their price target on Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research note on Friday, May 23rd. Finally, Piper Sandler cut their price objective on Workday from $235.00 to $220.00 and set an "underweight" rating for the company in a research report on Friday, August 22nd. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Workday has a consensus rating of "Moderate Buy" and a consensus price target of $286.81.

Insider Transactions at Workday

In other news, major shareholder David A. Duffield sold 72,551 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.61, for a total transaction of $17,383,945.11. Following the completion of the sale, the insider owned 102,997 shares in the company, valued at $24,679,111.17. The trade was a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Mark S. Garfield sold 451 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the sale, the chief accounting officer owned 42,977 shares of the company's stock, valued at approximately $10,093,578.22. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 303,380 shares of company stock worth $72,906,654. Insiders own 20.00% of the company's stock.

Workday Trading Down 1.4%

Shares of WDAY opened at $223.39 on Monday. The stock has a fifty day moving average price of $229.28 and a two-hundred day moving average price of $238.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. The company has a market cap of $59.65 billion, a price-to-earnings ratio of 103.42, a PEG ratio of 3.11 and a beta of 1.12.

Workday (NASDAQ:WDAY - Get Free Report) last released its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. The company 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%.The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts predict 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.

Want to see what other hedge funds are holding WDAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workday, Inc. (NASDAQ:WDAY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.