Hotchkis & Wiley Capital Management LLC Boosts Position in Workday, Inc. $WDAY

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Workday, Inc. by 35.6% in the 1st quarter, owning approximately 1.31% of the company, worth $812.48 million.
• Institutional investors own 89.81% of Workday's stock, with several firms making notable changes to their positions during the same period.
• Workday's recent quarterly earnings beat estimates, posting an EPS of $2.21, and the company anticipates continued growth with a target price from analysts ranging from $250.00 to $340.00.

Hotchkis & Wiley Capital Management LLC lifted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 35.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,479,105 shares of the software maker's stock after acquiring an additional 913,613 shares during the period. Workday makes up approximately 2.7% of Hotchkis & Wiley Capital Management LLC's investment portfolio, making the stock its 4th largest position. Hotchkis & Wiley Capital Management LLC owned about 1.31% of Workday worth $812,475,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Cornerstone Planning Group LLC raised its stake in Workday by 76.1% in 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 shares of Workday in the first quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Workday in the first quarter valued at approximately $32,000. Financial Management Professionals Inc. boosted its stake in shares of Workday by 54.0% in the first 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 during the period. Finally, Pinnacle Bancorp Inc. acquired a new stake in Workday during the first quarter worth approximately $40,000. 89.81% of the stock is owned by institutional investors.

Insider Activity at Workday

In related news, CAO Mark S. Garfield sold 451 shares of the firm's stock in a transaction on 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 owned 42,977 shares of the company's stock, valued at $10,093,578.22. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total value of $1,437,540.00. Following the sale, the chief financial officer owned 178,418 shares in the company, valued at $42,747,168.62. This represents a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 329,005 shares of company stock valued at $79,203,523. 20.00% of the stock is owned by company insiders.

Workday Price Performance

Shares of WDAY traded up $2.12 during mid-day trading on Monday, reaching $223.39. The company had a trading volume of 5,027,740 shares, compared to its average volume of 3,729,238. The company has a market capitalization of $59.65 billion, a price-to-earnings ratio of 103.42, a P/E/G ratio of 3.34 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.07 and a current ratio of 2.10. The company's 50 day simple moving average is $231.94 and its 200 day simple moving average is $241.89. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $300.00 price objective on shares of Workday in a report on Friday. JPMorgan Chase & Co. decreased their price target on Workday from $295.00 to $290.00 and set an "overweight" rating on the stock in a research report on Friday. Guggenheim reaffirmed a "neutral" rating on shares of Workday in a research note on Friday. Royal Bank Of Canada reiterated an "outperform" rating and set a $340.00 price objective on shares of Workday in a research note on Friday. Finally, JMP Securities reissued a "market outperform" rating and issued a $315.00 target price on shares of Workday in a report on Friday. Two investment 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, Workday presently has a consensus rating of "Moderate Buy" and a consensus target price of $283.76.

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.