LTS One Management LP Has $14.01 Million Stake in Workday, Inc. $WDAY

Key Points

• LTS One Management LP increased its holdings in Workday, Inc. by 6.4%, owning 60,000 shares valued at $14 million, which now constitutes 4.2% of its portfolio.
• Workday reported earnings of $2.21 per share, surpassing estimates, with a revenue of $2.35 billion, reflecting a year-over-year increase of 12.6%.
• The consensus rating for Workday among analysts is "Moderate Buy," with a target price of $286.81, despite some variability in price targets from different firms.

LTS One Management LP lifted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 6.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the software maker's stock after buying an additional 3,625 shares during the period. Workday comprises approximately 4.2% of LTS One Management LP's holdings, making the stock its 12th largest holding. LTS One Management LP's holdings in Workday were worth $14,012,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of Workday by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock worth $5,288,000 after buying an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in Workday by 13.9% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock worth $265,000 after acquiring an additional 139 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Workday by 33.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker's stock valued at $7,486,000 after buying an additional 8,093 shares during the last quarter. Sowell Financial Services LLC bought a new position in Workday in the 1st quarter valued at $290,000. Finally, D.A. Davidson & CO. boosted its position in Workday by 27.8% in the 1st quarter. D.A. Davidson & CO. now owns 1,601 shares of the software maker's stock valued at $374,000 after buying an additional 348 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on WDAY. Sanford C. Bernstein reiterated an "outperform" rating and issued a $304.00 price objective on shares of Workday in a research report on Friday, August 22nd. Cantor Fitzgerald set a $265.00 price objective on Workday in a research report on Thursday, August 14th. Piper Sandler cut their price target on Workday from $235.00 to $220.00 and set an "underweight" rating on the stock in a research note on Friday, August 22nd. Royal Bank Of Canada reissued an "outperform" rating and issued a $340.00 price target on shares of Workday in a research note on Friday, August 22nd. Finally, Oppenheimer cut their price target on Workday from $300.00 to $270.00 and set an "outperform" rating on the stock in a research note on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $286.81.

Workday Stock Up 1.0%

Shares of WDAY traded up $2.32 during midday trading on Monday, hitting $230.82. The stock had a trading volume of 3,243,481 shares, compared to its average volume of 4,037,615. The company has a 50 day simple moving average of $231.09 and a two-hundred day simple moving average of $240.92. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The firm has a market cap of $61.63 billion, a price-to-earnings ratio of 106.86, a price-to-earnings-growth ratio of 3.22 and a beta of 1.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $1.75 EPS. The company's revenue for the quarter was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Transactions at Workday

In related news, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated 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 transaction, the chief financial officer owned 178,418 shares of the company's stock, valued at $42,747,168.62. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 325,880 shares of company stock worth $78,449,679. 20.00% of the stock is currently 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.