Ilmarinen Mutual Pension Insurance Co Sells 7,500 Shares of Workday, Inc. $WDAY

Key Points

• Ilmarinen Mutual Pension Insurance Co sold 7,500 shares of Workday, Inc., reducing its stake by 13.3%, leaving it with 48,716 shares valued at approximately $11.4 million.
• Workday reported earnings of $2.21 per share for the last quarter, surpassing analysts' expectations, with revenue reaching $2.35 billion.
• A significant 89.81% of Workday's stock is owned by institutional investors, highlighting strong institutional interest in the company.

Ilmarinen Mutual Pension Insurance Co reduced its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 13.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,716 shares of the software maker's stock after selling 7,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Workday were worth $11,377,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WDAY. Brighton Jones LLC grew its stake in shares of Workday by 230.2% during the fourth 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 last quarter. Bank Pictet & Cie Europe AG boosted its stake in Workday by 24.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker's stock valued at $793,000 after acquiring an additional 595 shares during the last quarter. Jefferies Financial Group Inc. boosted its stake in Workday by 8.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 10,326 shares of the software maker's stock valued at $2,664,000 after acquiring an additional 770 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in Workday in the fourth quarter valued at approximately $993,000. Finally, Lazard Asset Management LLC boosted its stake in Workday by 49.4% in the fourth quarter. Lazard Asset Management LLC now owns 53,212 shares of the software maker's stock valued at $13,730,000 after acquiring an additional 17,584 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $230.73 on Wednesday. The firm has a 50 day moving average of $230.18 and a 200-day moving average of $239.64. The stock has a market capitalization of $61.60 billion, a PE ratio of 106.82, a PEG ratio of 3.23 and a beta of 1.12. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last issued its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12. The company 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 business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Activity

In other Workday news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the sale, the chief financial officer directly owned 178,418 shares in the company, valued at $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on 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 sale, the chief executive officer owned 1,472 shares of the company's stock, valued at approximately $352,440.96. The trade was 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 318,380 shares of company stock valued at $76,586,604 over the last ninety days. 20.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. DA Davidson raised their price objective on shares of Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. KeyCorp dropped their price objective on shares of Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. UBS Group set a $304.00 price target on shares of Workday in a research note on Friday, August 22nd. Piper Sandler lowered their price target on shares of Workday from $235.00 to $220.00 and set an "underweight" rating on the stock in a research note on Friday, August 22nd. Finally, Loop Capital decreased their price objective on shares of Workday from $285.00 to $250.00 and set a "hold" rating for the company in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Workday currently has a consensus rating of "Moderate Buy" and an average target price of $286.81.

Workday Company 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.

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