Temasek Holdings Private Ltd Has $125.75 Million Stock Position in Workday, Inc. $WDAY

Key Points

• Temasek Holdings boosted its stake in Workday by 2,822.7% in Q3 to 522,383 shares valued at about $125.75 million, representing roughly 0.20% of the company.
• Insiders have sold 610,796 shares over the last three months worth approximately $107 million, with notable sales by Robert Enslin and CFO Zane Rowe.
• Several analysts recently cut price targets (e.g., BTIG to $175, Oppenheimer to $165, KeyCorp to $155), though Workday retains a consensus rating of "Moderate Buy" and a consensus price target of $203.00.

Temasek Holdings Private Ltd boosted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 2,822.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 522,383 shares of the software maker's stock after buying an additional 504,510 shares during the period. Temasek Holdings Private Ltd owned approximately 0.20% of Workday worth $125,753,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. First Eagle Investment Management LLC acquired a new stake in Workday in the 3rd quarter worth $556,252,000. PKO Investment Management Joint Stock Co acquired a new position in shares of Workday during the third quarter valued at about $1,805,000. Phoenix Financial Ltd. acquired a new position in shares of Workday during the third quarter valued at about $2,000,000. Rakuten Investment Management Inc. bought a new stake in shares of Workday in the third quarter valued at about $124,718,000. Finally, Norges Bank acquired a new stake in Workday during the second quarter worth about $442,702,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Workday news, insider Robert Enslin sold 22,185 shares of Workday stock in a transaction on Monday, January 5th. The stock was sold at an average price of $210.17, for a total transaction of $4,662,621.45. Following the completion of the transaction, the insider directly owned 106,330 shares of the company's stock, valued at approximately $22,347,376.10. This trade represents a 17.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $208.75, for a total transaction of $1,252,500.00. Following the completion of the sale, the chief financial officer owned 159,158 shares in the company, valued at $33,224,232.50. This represents a 3.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 610,796 shares of company stock valued at $107,013,566. 19.31% of the stock is owned by insiders.

Workday Trading Down 0.8%

WDAY stock opened at $133.09 on Friday. Workday, Inc. has a 1-year low of $117.76 and a 1-year high of $276.00. The company has a current ratio of 1.32, a quick ratio of 1.83 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $164.66 and its 200-day moving average is $206.10. The firm has a market cap of $35.00 billion, a P/E ratio of 51.59, a P/E/G ratio of 1.30 and a beta of 1.16.

Workday (NASDAQ:WDAY - Get Free Report) last posted its earnings results on Tuesday, February 24th. The software maker reported $2.47 EPS for the quarter, topping the consensus estimate of $2.32 by $0.15. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Workday had a return on equity of 13.37% and a net margin of 7.26%.Workday's revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $1.92 EPS. Equities analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on WDAY shares. BTIG Research lowered their price target on Workday from $230.00 to $175.00 and set a "buy" rating on the stock in a research note on Wednesday, February 25th. Wall Street Zen downgraded Workday from a "buy" rating to a "hold" rating in a research report on Saturday. Oppenheimer decreased their price objective on Workday from $200.00 to $165.00 and set an "outperform" rating on the stock in a report on Wednesday, February 25th. KeyCorp lowered their price objective on Workday from $260.00 to $155.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 25th. Finally, BMO Capital Markets cut their target price on Workday from $204.00 to $182.00 and set an "outperform" rating for the company in a research note on Wednesday, February 25th. Twenty investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, Workday has a consensus rating of "Moderate Buy" and a consensus price target of $203.00.

Workday Profile

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.

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