Select Equity Group L.P. Has $119.13 Million Stake in Workday, Inc. $WDAY

Key Points

• Select Equity Group L.P. increased its stake in Workday, Inc. by 3.1%, now holding 510,119 shares valued at approximately $119.1 million.
• Analysts have mixed opinions on Workday's stock, with average target price estimates ranging from $260.00 to $340.00, and an overall rating of "Moderate Buy".
• Insider trading activity included significant sales by CAO Mark S. Garfield and CEO Carl M. Eschenbach, selling a combined total of over $1.6 million in shares, impacting their ownership stakes.

Select Equity Group L.P. raised its position in Workday, Inc. (NASDAQ:WDAY - Free Report) by 3.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 510,119 shares of the software maker's stock after buying an additional 15,476 shares during the period. Select Equity Group L.P. owned about 0.19% of Workday worth $119,128,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of WDAY. Brighton Jones LLC boosted its position in 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 buying an additional 2,792 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in Workday by 24.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 3,075 shares of the software maker's stock valued at $793,000 after buying an additional 595 shares during the last quarter. Aptus Capital Advisors LLC bought a new position in Workday in the 4th quarter valued at $235,000. Ameriprise Financial Inc. boosted its position in Workday by 12.6% in the 4th quarter. Ameriprise Financial Inc. now owns 273,927 shares of the software maker's stock valued at $70,689,000 after buying an additional 30,697 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Workday by 11.2% in the 4th quarter. Benjamin Edwards Inc. now owns 1,571 shares of the software maker's stock valued at $405,000 after buying an additional 158 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Workday news, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction dated 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 transaction, the chief financial officer directly owned 178,418 shares in the company, valued at approximately $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction dated 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 sale, the chief accounting officer directly owned 42,977 shares in the company, valued at $10,093,578.22. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 318,380 shares of company stock valued at $76,586,604. Insiders own 20.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on WDAY shares. Barclays reduced their price target on Workday from $321.00 to $298.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Cantor Fitzgerald set a $265.00 price target on Workday in a research report on Thursday, August 14th. KeyCorp reduced their price target on Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Guggenheim restated a "neutral" rating on shares of Workday in a research report on Friday, August 22nd. Finally, Oppenheimer reduced their price target on Workday from $300.00 to $270.00 and set an "outperform" rating on the stock in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $286.81.

Workday Trading Down 0.5%

WDAY stock traded down $1.08 during midday trading on Tuesday, hitting $230.73. 1,903,471 shares of the company's stock were exchanged, compared to its average volume of 3,808,938. The stock's fifty day moving average price is $230.18 and its 200-day moving average price is $239.64. 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 cap of $61.60 billion, a PE ratio of 106.82, a price-to-earnings-growth ratio of 3.23 and a beta of 1.12. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.12. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company's revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Research analysts predict that Workday, Inc. will post 2.63 earnings per share for the current fiscal 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.