New York State Teachers Retirement System Grows Holdings in Workday, Inc. $WDAY

Key Points

• The New York State Teachers Retirement System increased its holdings in Workday, Inc. by 3.2% in the second quarter, owning 144,590 shares worth approximately $34.7 million.
• Several hedge funds have significantly increased their stakes in Workday, with Brighton Jones LLC leading with a 230.2% increase during the fourth quarter.
• Research analysts have recently adjusted their price targets for Workday, with new targets ranging from $285.00 to $340.00, and the stock currently has a consensus rating of "Moderate Buy."

New York State Teachers Retirement System increased its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,590 shares of the software maker's stock after acquiring an additional 4,528 shares during the quarter. New York State Teachers Retirement System owned about 0.05% of Workday worth $34,702,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WDAY. Brighton Jones LLC increased its holdings in Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock worth $1,033,000 after acquiring an additional 2,792 shares in the last quarter. GAMMA Investing LLC increased its holdings in Workday by 128.5% in the 1st quarter. GAMMA Investing LLC now owns 2,820 shares of the software maker's stock worth $659,000 after acquiring an additional 1,586 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Workday by 3.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 40,545 shares of the software maker's stock worth $9,468,000 after acquiring an additional 1,469 shares in the last quarter. Dynamic Advisor Solutions LLC purchased a new stake in Workday in the 1st quarter worth approximately $245,000. Finally, Exchange Traded Concepts LLC boosted its stake in Workday by 9.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 975 shares of the software maker's stock worth $228,000 after purchasing an additional 85 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Workday news, insider Richard Harry Sauer sold 2,320 shares of the business's stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction of $547,218.40. Following the transaction, the insider owned 90,077 shares in the company, valued at $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder David A. Duffield sold 75,053 shares of the stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the completion of the sale, the insider directly owned 102,997 shares in the company, valued at approximately $24,342,310.98. This represents a 42.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 264,933 shares of company stock valued at $61,475,760 over the last 90 days. 19.31% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on WDAY shares. KeyCorp dropped their price target on Workday from $325.00 to $285.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Wells Fargo & Company dropped their price target on Workday from $325.00 to $300.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. UBS Group set a $304.00 price target on Workday in a research note on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating and issued a $340.00 price target on shares of Workday in a research note on Wednesday, September 17th. Finally, JPMorgan Chase & Co. dropped their price target on Workday from $295.00 to $290.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $287.83.

Workday Stock Down 3.0%

NASDAQ WDAY opened at $227.60 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $60.77 billion, a P/E ratio of 105.37, a P/E/G ratio of 2.93 and a beta of 1.10. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The stock has a 50 day moving average price of $231.07 and a 200-day moving average price of $236.75.

Workday (NASDAQ:WDAY - Get Free Report) last posted 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. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company'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. As a group, equities analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

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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