MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in Workday, Inc. $WDAY

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in Workday, Inc. by 5.9%, now holding approximately 338,342 shares valued at $79.1 million.
• Workday reported an earnings per share (EPS) of $2.21 for the latest quarter, exceeding expectations and reflecting a 12.6% increase in revenue compared to the same period last year.
• Analysts have raised Workday to a "buy" rating, with a consensus target price of $286.81, reflecting positive sentiment regarding the company's stock performance.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 338,342 shares of the software maker's stock after acquiring an additional 18,843 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.13% of Workday worth $79,109,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Insight Holdings Group LLC purchased a new stake in Workday during the first quarter valued at about $3,853,000. Bwcp LP purchased a new stake in Workday during the first quarter valued at about $17,658,000. Banque Transatlantique SA purchased a new stake in Workday during the first quarter valued at about $293,000. Ardsley Advisory Partners LP purchased a new stake in Workday during the first quarter valued at about $701,000. Finally, Advisors Asset Management Inc. grew its position in Workday by 77.2% during the first quarter. Advisors Asset Management Inc. now owns 939 shares of the software maker's stock valued at $219,000 after acquiring an additional 409 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Workday Price Performance

Shares of NASDAQ WDAY opened at $231.08 on Friday. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The business has a 50-day moving average of $230.52 and a 200-day moving average of $240.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market capitalization of $61.70 billion, a price-to-earnings ratio of 106.98, a PEG ratio of 3.22 and a beta of 1.12.

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

Insiders Place Their Bets

In related news, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the transaction, the chief executive officer owned 1,472 shares in the company, valued at approximately $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark S. Garfield sold 451 shares of the business's 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 completion of the transaction, the chief accounting officer owned 42,977 shares in the company, valued at approximately $10,093,578.22. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 318,380 shares of company stock worth $76,586,604. 19.31% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wall Street Zen raised Workday from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Canaccord Genuity Group lowered their price target on Workday from $330.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. UBS Group set a $304.00 target price on Workday in a research report on Friday, August 22nd. BMO Capital Markets decreased their target price on Workday from $314.00 to $285.00 and set an "outperform" rating for the company in a research report on Friday, August 22nd. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $304.00 target price on shares of Workday in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $286.81.

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.

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