Strs Ohio Takes Position in Workday, Inc. $WDAY

Key Points

• Strs Ohio acquired 91,342 shares of Workday, Inc., valued at approximately $21.3 million, in the 1st quarter.
• Several institutional investors have increased their holdings in Workday, with 89.81% of the stock now owned by institutions.
• Workday's recent quarterly earnings report showed that it beat analyst estimates, with a revenue of $2.35 billion, up 12.6% year-over-year.

Strs Ohio bought a new stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 91,342 shares of the software maker's stock, valued at approximately $21,331,000.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in shares of Workday by 5.0% during the first quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock valued at $5,288,000 after purchasing an additional 1,070 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in Workday by 13.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock valued at $265,000 after acquiring an additional 139 shares during the period. Nisa Investment Advisors LLC increased its position in Workday by 33.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker's stock valued at $7,486,000 after acquiring an additional 8,093 shares during the period. Sowell Financial Services LLC acquired a new stake in Workday in the 1st quarter valued at approximately $290,000. Finally, D.A. Davidson & CO. increased its position in Workday by 27.8% in the 1st quarter. D.A. Davidson & CO. now owns 1,601 shares of the software maker's stock valued at $374,000 after acquiring an additional 348 shares during the period. 89.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the completion of the sale, the chief executive officer owned 1,472 shares in the company, valued at approximately $352,440.96. This represents a 80.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mark S. Garfield sold 451 shares of the 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 sale, the chief accounting officer 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 disclosure for this sale can be found here. Insiders have sold a total of 318,380 shares of company stock worth $76,586,604 over the last quarter. 19.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WDAY shares. Barclays lowered their target price on Workday from $321.00 to $298.00 and set an "overweight" rating on the stock in a research report on Monday, August 18th. Piper Sandler lowered their target price on Workday from $235.00 to $220.00 and set an "underweight" rating on the stock in a research report on Friday, August 22nd. Loop Capital lowered their target price on Workday from $285.00 to $250.00 and set a "hold" rating on the stock in a research report on Friday, May 23rd. Cantor Fitzgerald raised Workday to a "strong-buy" rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Workday from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $286.81.

Workday Stock Performance

Shares of NASDAQ WDAY opened at $223.39 on Friday. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The stock has a fifty day moving average price of $229.28 and a two-hundred day moving average price of $239.09. The firm has a market cap of $59.65 billion, a P/E ratio of 103.42, a PEG ratio of 3.16 and a beta of 1.12. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10.

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

Workday Company 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.

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