First Long Island Investors LLC Takes Position in Workday, Inc. $WDAY

Key Points

• First Long Island Investors LLC has acquired 17,500 shares of Workday, Inc. valued at approximately $4,087,000, indicating a new position in the software company.
• Institutional ownership in Workday is significant, with various hedge funds like Vanguard Group Inc. and T. Rowe Price Investment Management Inc. increasing their stakes substantially in the first quarter.
• Workday reported earnings per share of $2.21 for the last quarter, surpassing the consensus estimate and demonstrating a 12.6% increase in revenue compared to the same quarter last year.

First Long Island Investors LLC purchased a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 17,500 shares of the software maker's stock, valued at approximately $4,087,000.

Several other hedge funds also recently modified their holdings of WDAY. Brighton Jones LLC increased its position in shares of Workday by 230.2% during the 4th 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 period. Bank Pictet & Cie Europe AG grew its holdings in shares of Workday by 24.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker's stock worth $793,000 after acquiring an additional 595 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of Workday in the 4th quarter worth $993,000. OMERS ADMINISTRATION Corp grew its holdings in shares of Workday by 20.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,815 shares of the software maker's stock worth $2,275,000 after acquiring an additional 1,522 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in shares of Workday by 6.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 47,636 shares of the software maker's stock worth $12,683,000 after acquiring an additional 2,881 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Trading Down 0.3%

NASDAQ:WDAY traded down $0.64 during trading hours on Monday, hitting $222.75. 2,391,186 shares of the stock were exchanged, compared to its average volume of 2,514,871. The company's 50 day moving average is $229.28 and its two-hundred day moving average is $238.72. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $59.47 billion, a P/E ratio of 103.13, a price-to-earnings-growth ratio of 3.11 and a beta of 1.12.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the business earned $1.75 EPS. The business's revenue for the quarter 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. On average, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Royal Bank Of Canada reissued an "outperform" rating and set a $340.00 price objective on shares of Workday in a research report on Friday, August 22nd. BMO Capital Markets cut their price target on Workday from $314.00 to $285.00 and set an "outperform" rating for the company in a report on Friday, August 22nd. Westpark Capital upped their price target on Workday from $315.00 to $328.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $304.00 price objective on shares of Workday in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $286.81.

Insider Activity

In other news, insider Richard Harry Sauer sold 1,160 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $226.63, for a total value of $262,890.80. Following the transaction, the insider owned 96,916 shares of the company's stock, valued at $21,964,073.08. This represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction on Tuesday, July 8th. The shares were 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 directly owned 178,418 shares in the company, valued at approximately $42,747,168.62. This trade represents a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 304,540 shares of company stock worth $73,169,545. 19.31% of the stock is owned by company insiders.

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.