Nissay Asset Management Corp Japan ADV Raises Holdings in Workday, Inc. $WDAY

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Workday, Inc. by 10.4%, now owning 52,609 shares valued at approximately $12.3 million.
• Several institutional investors, including T. Rowe Price and Nuveen LLC, have also made significant investments in Workday, increasing their holdings during the first quarter.
• Workday reported $2.21 earnings per share in its latest quarterly results, surpassing estimates and showing a 12.6% year-over-year revenue growth.

Nissay Asset Management Corp Japan ADV boosted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,609 shares of the software maker's stock after purchasing an additional 4,973 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Workday were worth $12,286,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of WDAY. Nuveen LLC purchased a new stake in Workday during the 1st quarter worth about $456,341,000. T. Rowe Price Investment Management Inc. increased its holdings in Workday by 47.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock worth $879,147,000 after purchasing an additional 1,211,659 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock worth $812,475,000 after purchasing an additional 913,613 shares during the period. Generation Investment Management LLP increased its holdings in Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker's stock worth $678,117,000 after purchasing an additional 778,301 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Workday by 53,267.5% during the 1st quarter. GAMMA Investing LLC now owns 658,555 shares of the software maker's stock worth $153,792,000 after purchasing an additional 657,321 shares during the period. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insider Transactions at Workday

In other Workday news, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the transaction, the chief accounting officer directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,437,540.00. Following the completion of the transaction, the chief financial officer owned 178,418 shares in the company, valued at $42,747,168.62. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 318,380 shares of company stock worth $76,586,604. 19.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Needham & Company LLC restated a "buy" rating and set a $300.00 price target on shares of Workday in a report on Friday, August 22nd. Wall Street Zen upgraded Workday from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Morgan Stanley set a $255.00 price objective on Workday and gave the company an "equal weight" rating in a report on Friday, May 23rd. UBS Group set a $304.00 price objective on Workday in a report on Friday, August 22nd. Finally, BMO Capital Markets dropped their price objective on Workday from $314.00 to $285.00 and set an "outperform" rating on the stock in a 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 issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $286.81.

Workday Trading Down 0.0%

NASDAQ:WDAY opened at $231.08 on Friday. The stock's 50 day moving average price is $230.52 and its 200 day moving average price is $240.17. The company has a market capitalization of $61.70 billion, a PE ratio of 106.98, a P/E/G ratio of 3.22 and a beta of 1.12. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00.

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, topping analysts' consensus estimates of $2.09 by $0.12. The firm had revenue of $2.35 billion for 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 firm's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

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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