Northwestern Mutual Wealth Management Co. Acquires 19,612 Shares of Workday, Inc. $WDAY

Key Points

• Northwestern Mutual Wealth Management Co. increased its position in Workday, Inc. by 305.9%, owning 26,023 shares valued at approximately $6.08 million after purchasing 19,612 additional shares in Q1.
• Insider selling activity included CAO Mark S. Garfield and CFO Zane Rowe, who sold shares totaling over $1.5 million, resulting in a 1.04% and 3.25% decrease in their respective holdings.
• Brokerages have given Workday a consensus rating of "Moderate Buy", with target prices ranging from $250 to $304 per share, reflecting positive investor sentiment.

Northwestern Mutual Wealth Management Co. boosted its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 305.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,023 shares of the software maker's stock after acquiring an additional 19,612 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Workday were worth $6,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WDAY. Cornerstone Planning Group LLC lifted its holdings in Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after buying an additional 54 shares during the period. Dagco Inc. purchased a new stake in Workday in the first quarter worth $31,000. Farmers & Merchants Investments Inc. bought a new position in Workday in the first quarter worth $32,000. Financial Management Professionals Inc. lifted its position in Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after buying an additional 54 shares during the period. Finally, Pinnacle Bancorp Inc. purchased a new position in Workday during the first quarter valued at $40,000. Hedge funds and other institutional investors own 89.81% of the company's stock.

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 451 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the completion of the sale, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at $10,093,578.22. This trade represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder David A. Duffield sold 73,971 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the completion of the transaction, the insider directly owned 102,997 shares in the company, valued at $24,581,264.02. This trade represents a 41.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 325,880 shares of company stock worth $78,449,679 over the last ninety days. 20.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WDAY. Royal Bank Of Canada reissued an "outperform" rating and issued a $340.00 price target on shares of Workday in a research report on Friday, August 22nd. Wells Fargo & Company dropped their target price on shares of Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Morgan Stanley set a $255.00 price objective on shares of Workday and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price objective on shares of Workday in a report on Friday, August 22nd. Finally, Bank of America dropped their price target on shares of Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $286.81.

Workday Price Performance

Shares of WDAY traded up $2.32 during trading hours on Monday, reaching $230.82. 3,243,481 shares of the stock traded hands, compared to its average volume of 4,037,615. The company has a market cap of $61.63 billion, a P/E ratio of 106.86, a price-to-earnings-growth ratio of 3.22 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. The company's 50-day moving average price is $231.09 and its two-hundred day moving average price is $240.92. 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 posted its quarterly 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 business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business's quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $1.75 earnings per share. 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 earnings per share for the current year.

Workday 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.