Robeco Institutional Asset Management B.V. Grows Position in Workday, Inc. $WDAY

Key Points

• Robeco Institutional Asset Management B.V. increased its holdings in Workday, Inc. by 17.5%, owning 416,257 shares valued at approximately $99.9 million after acquiring an additional 61,859 shares in the second quarter.
• Insider trading showed that Workday's CAO and CFO sold shares recently, with a total of 247,004 shares worth nearly $57.5 million sold by insiders in the last three months.
• Workday reported quarterly earnings of $2.21 per share, surpassing analysts' expectations and witnessing a revenue growth of 12.6% year-over-year, with a current market cap of $61.97 billion.

Robeco Institutional Asset Management B.V. increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 17.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 416,257 shares of the software maker's stock after purchasing an additional 61,859 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.16% of Workday worth $99,902,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of WDAY. Brighton Jones LLC raised its stake in shares of Workday by 230.2% in the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker's stock valued at $1,033,000 after acquiring an additional 2,792 shares during the period. Merit Financial Group LLC raised its position in Workday by 19.0% in the first quarter. Merit Financial Group LLC now owns 2,666 shares of the software maker's stock valued at $623,000 after purchasing an additional 426 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Workday by 16.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 2,057 shares of the software maker's stock worth $480,000 after purchasing an additional 293 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after purchasing an additional 54 shares in the last quarter. Finally, Grassi Investment Management boosted its position in shares of Workday by 0.4% during the first quarter. Grassi Investment Management now owns 13,460 shares of the software maker's stock worth $3,143,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Insiders Place Their Bets

In other news, CAO Mark S. Garfield sold 451 shares of the company's stock in a transaction on Thursday, July 10th. The shares were 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 represents a 1.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the sale, the chief financial officer owned 178,418 shares in the company, valued at $42,747,168.62. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 247,004 shares of company stock worth $57,511,876 in the last three months. 19.31% of the stock is owned by company insiders.

Workday Stock Performance

Shares of WDAY stock opened at $232.10 on Friday. The company has a market cap of $61.97 billion, a P/E ratio of 107.45, a PEG ratio of 2.90 and a beta of 1.10. The firm has a fifty day moving average price of $230.17 and a 200 day moving average price of $237.59. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last announced 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 company 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%.Workday's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup decreased their target price on Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a research note on Friday, August 22nd. UBS Group set a $304.00 price target on shares of Workday in a research report on Friday, August 22nd. DA Davidson lifted their price objective on shares of Workday from $225.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Guggenheim raised shares of Workday from a "neutral" rating to a "buy" rating and set a $285.00 target price on the stock in a research note on Wednesday, September 17th. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $304.00 price target on shares of Workday in a research report on Friday, August 22nd. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $287.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.