UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 54,079 Shares of Workday, Inc. $WDAY

Key Points

• UBS Asset Management has increased its stake in Workday, Inc. by 2.5%, holding a total of 2,245,249 shares valued at $524.33 million, according to the latest SEC filing.
• Workday's stock performance shows a twelve-month range, with a low of $205.33 and a high of $294.00, as it opened at $230.73 recently.
• Major shareholder David A. Duffield sold 72,551 shares valued at approximately $17.38 million, representing a 41.33% decrease in his ownership of Workday stock.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,245,249 shares of the software maker's stock after acquiring an additional 54,079 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.84% of Workday worth $524,333,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WDAY. Cornerstone Planning Group LLC boosted its holdings in shares of Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after acquiring an additional 54 shares during the period. Dagco Inc. purchased a new stake in shares of Workday in the first quarter worth $31,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Workday in the first quarter worth $32,000. Financial Management Professionals Inc. raised its position in shares of Workday by 54.0% in the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock worth $36,000 after buying an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of Workday in the first quarter worth $40,000. 89.81% of the stock is owned by institutional investors.

Workday Trading Down 1.2%

Shares of WDAY traded down $2.72 during trading hours on Monday, hitting $220.68. The company had a trading volume of 985,906 shares, compared to its average volume of 2,506,349. The firm has a market cap of $58.92 billion, a P/E ratio of 102.14, a P/E/G ratio of 3.11 and a beta of 1.12. The stock's 50 day moving average price is $229.28 and its 200 day moving average price is $238.72. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS 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 the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WDAY. KeyCorp lowered their price objective on Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Morgan Stanley set a $255.00 price objective on Workday and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Needham & Company LLC restated a "buy" rating and set a $300.00 price target on shares of Workday in a research report on Tuesday, September 9th. Royal Bank Of Canada restated an "outperform" rating and set a $340.00 price target on shares of Workday in a research report on Friday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $286.81.

Insiders Place Their Bets

In related news, major shareholder David A. Duffield sold 72,551 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $239.61, for a total value of $17,383,945.11. Following the sale, the insider directly owned 102,997 shares of the company's stock, valued at $24,679,111.17. This trade represents a 41.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Mark S. Garfield sold 451 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was 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. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 303,380 shares of company stock valued at $72,906,654 over the last three months. Company insiders own 20.00% of the company's stock.

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.