Railway Pension Investments Ltd Acquires New Position in Workday, Inc. $WDAY

Railway Pension Investments Ltd purchased a new stake in Workday, Inc. (NASDAQ:WDAY - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 134,100 shares of the software maker's stock, valued at approximately $16,417,000. Railway Pension Investments Ltd owned approximately 0.05% of Workday as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Rakuten Securities Inc. bought a new position in shares of Workday during the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Workday in the third quarter valued at approximately $26,000. DT Investment Partners LLC bought a new stake in shares of Workday during the fourth quarter worth about $27,000. LRI Investments LLC bought a new position in shares of Workday during the fourth quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of Workday in the third quarter valued at about $30,000. Institutional investors and hedge funds own 89.81% of the company's stock.

Insider Transactions at Workday

In other Workday news, insider Robert Enslin sold 5,374 shares of the firm's stock in a transaction on Sunday, July 5th. The stock was sold at an average price of $134.90, for a total transaction of $724,952.60. Following the completion of the sale, the insider owned 239,469 shares of the company's stock, valued at $32,304,368.10. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $143.70, for a total value of $862,200.00. Following the completion of the sale, the chief financial officer directly owned 288,460 shares in the company, valued at approximately $41,451,702. The trade was a 2.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 875,020 shares of company stock valued at $113,938,503 in the last three months. 18.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on WDAY shares. The Goldman Sachs Group increased their target price on shares of Workday from $151.00 to $164.00 and gave the stock a "neutral" rating in a research note on Monday. Wolfe Research reiterated an "outperform" rating and issued a $160.00 price target on shares of Workday in a research report on Friday, May 22nd. Guggenheim restated a "buy" rating and set a $275.00 price objective on shares of Workday in a research report on Friday, August 21st. TD Cowen lowered their price target on Workday from $220.00 to $210.00 and set a "hold" rating for the company in a research report on Friday. Finally, Piper Sandler lifted their target price on shares of Workday from $145.00 to $190.00 and gave the company a "neutral" rating in a report on Friday. Twenty research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $206.34.

Workday Stock Down 3.6%

Shares of WDAY opened at $197.45 on Tuesday. The firm has a market capitalization of $48.77 billion, a P/E ratio of 40.05, a P/E/G ratio of 2.17 and a beta of 1.08. The firm has a fifty day moving average price of $159.40 and a 200-day moving average price of $141.02. Workday, Inc. has a 12-month low of $110.36 and a 12-month high of $249.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The software maker reported $2.75 EPS for the quarter, topping the consensus estimate of $2.61 by $0.14. Workday had a return on equity of 20.95% and a net margin of 12.32%.The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period in the previous year, the company posted $2.21 EPS. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. Equities research analysts expect that Workday, Inc. will post 5.39 earnings per share for the current year.

Workday News Roundup

Here are the key news stories impacting Workday this week:

• Positive Sentiment: Bright Horizons joined the Workday Wellness Partner Program, expanding Workday’s benefits ecosystem and helping employers manage family-care and education benefits through improved access and utilization insights. Bright Horizons Joins the Workday Wellness Partner Program
• Positive Sentiment: Analyst commentary highlights Workday’s long-term growth potential, supported by subscription revenue, artificial-intelligence adoption, and expanding profitability. A separate report said operating margin improved as these trends strengthened, though maintaining the gains will be important. Why Workday Is a Top Growth Stock Workday Operating Margin Expands
• Positive Sentiment: Several firms, including Monness Crespi & Hardt, KeyCorp, DA Davidson, BMO Capital Markets, and Needham, reportedly maintained or expressed bullish expectations for Workday’s shares. Barclays also retained its Buy rating. Barclays Sticks to Its Buy Rating
• Neutral Sentiment: Technical analysts said WDAY is testing resistance around $205, a level that has been important for several years. A breakout could attract buyers, while failure to clear it may encourage consolidation after the recent earnings-driven advance. Will Workday Break Out and Head Higher?
• Negative Sentiment: Workday is giving back part of its sharp post-earnings rally, suggesting profit-taking may be offsetting the company’s better-than-expected results. Cantor Fitzgerald and TD Cowen lowered their price targets to $205 and $210, respectively; Piper Sandler raised its target to $190, still below the recent trading range. Freedom Broker also lowered its rating. Cantor Fitzgerald Lowers Workday Price Target TD Cowen Lowers Workday Price Target

About Workday

Workday, Inc NASDAQ: WDAY is a provider of cloud-based enterprise applications focused on human capital management (HCM) and financial management. Founded in 2005 by Dave Duffield and Aneel Bhusri following their tenure at PeopleSoft, the company develops software-as-a-service solutions that help organizations manage workforce and financial processes in a unified, cloud-native environment. Workday's platform emphasizes continuous updates, data security, and a configurable architecture aimed at large and mid-sized enterprises.

The company's product portfolio centers on Workday Human Capital Management and Workday Financial Management, with additional offerings for payroll, talent management, workforce planning and analytics.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source