Workday, Inc. $WDAY Stock Holdings Lifted by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd increased its stake in Workday, Inc. by 7.1% in Q2, now holding 41,046 shares valued at approximately $9.85 million.
• Workday's most recent earnings report showed a revenue growth of 12.6% year-over-year, with an EPS of $2.21, exceeding analyst estimates.
• Research analysts have varying outlooks on Workday, with a current consensus rating of "Moderate Buy" and average price target of $287.83.

IFM Investors Pty Ltd lifted its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,046 shares of the software maker's stock after purchasing an additional 2,724 shares during the quarter. IFM Investors Pty Ltd's holdings in Workday were worth $9,851,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its stake in Workday by 15.2% during the first quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock worth $74,000 after acquiring an additional 42 shares during the last quarter. Salvus Wealth Management LLC grew its stake in shares of Workday by 2.8% during the first quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock valued at $387,000 after buying an additional 45 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Workday by 15.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock valued at $82,000 after buying an additional 46 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Workday by 0.4% in the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker's stock valued at $2,778,000 after purchasing an additional 46 shares during the period. Finally, Bristlecone Advisors LLC boosted its holdings in shares of Workday by 1.6% in the first quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker's stock valued at $693,000 after purchasing an additional 47 shares during the period. 89.81% of the stock is owned by institutional investors.

Insider Activity at Workday

In other Workday news, CAO Mark S. Garfield sold 451 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the completion of the transaction, the chief accounting officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday 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 completion of the transaction, the chief executive officer directly owned 1,472 shares of the company's stock, valued at $352,440.96. This trade represents a 80.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 328,024 shares of company stock valued at $76,664,934 over the last 90 days. 19.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on WDAY shares. Cowen reiterated a "buy" rating on shares of Workday in a report on Wednesday. Cantor Fitzgerald restated an "overweight" rating and set a $265.00 target price on shares of Workday in a report on Wednesday. Guggenheim upgraded Workday from a "neutral" rating to a "buy" rating and set a $285.00 price objective for the company in a report on Wednesday. KeyCorp cut their target price on Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Finally, Canaccord Genuity Group cut their price target on Workday from $330.00 to $275.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and an average target price of $287.83.

Workday Stock Performance

NASDAQ WDAY traded up $0.12 during trading hours on Friday, hitting $233.62. The company had a trading volume of 5,925,724 shares, compared to its average volume of 3,765,603. 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 1-year low of $205.33 and a 1-year high of $294.00. The company has a market cap of $62.38 billion, a PE ratio of 108.16, a price-to-earnings-growth ratio of 3.08 and a beta of 1.12. The business has a 50 day moving average of $228.66 and a 200-day moving average of $237.84.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The business had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same period in the prior year, the company earned $1.75 earnings per share. The business's revenue 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. As a group, equities research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

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.