Workday, Inc. $WDAY Shares Purchased by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd has increased its holdings in Workday, Inc. by 2.7%, now owning 95,041 shares valued at approximately $22.2 million.
• Several hedge funds, including Cornerstone Planning Group LLC and Farmers & Merchants Investments Inc., have recently made significant changes to their positions in Workday, showing increased institutional interest as 89.81% of the stock is owned by institutional investors.
• Workday reported earnings of $2.21 EPS for the last quarter, exceeding analysts' expectations and showing a 12.6% year-over-year revenue growth.

UniSuper Management Pty Ltd raised its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,041 shares of the software maker's stock after acquiring an additional 2,499 shares during the period. UniSuper Management Pty Ltd's holdings in Workday were worth $22,195,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WDAY. Nuveen LLC acquired a new position in Workday in the first quarter valued at approximately $456,341,000. T. Rowe Price Investment Management Inc. boosted its stake in Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock valued at $879,147,000 after acquiring an additional 1,211,659 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock valued at $812,475,000 after acquiring an additional 913,613 shares during the period. Generation Investment Management LLP boosted its stake in Workday by 36.6% in the first quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker's stock valued at $678,117,000 after acquiring an additional 778,301 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Workday by 53,267.5% in the first quarter. GAMMA Investing LLC now owns 658,555 shares of the software maker's stock valued at $153,792,000 after acquiring an additional 657,321 shares during the period. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Workday Price Performance

NASDAQ:WDAY traded down $1.08 during midday trading on Tuesday, hitting $230.73. 1,903,471 shares of the stock were exchanged, compared to its average volume of 3,808,938. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The company has a market capitalization of $61.60 billion, a price-to-earnings ratio of 106.82, a P/E/G ratio of 3.23 and a beta of 1.12. The business has a 50-day moving average price of $230.18 and a two-hundred day moving average price of $239.64. 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 (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping the consensus estimate of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the previous year, the company earned $1.75 earnings per share. The firm'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. Sell-side analysts predict that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on WDAY. Bank of America cut their price target on Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a report on Tuesday, August 19th. UBS Group set a $304.00 price target on Workday in a report on Friday, August 22nd. JPMorgan Chase & Co. cut their price target on Workday from $295.00 to $290.00 and set an "overweight" rating on the stock in a report on Friday, August 22nd. Citigroup cut their price target on Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $304.00 price target on shares of Workday in a report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $286.81.

Insider Transactions at Workday

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the transaction, the chief executive officer owned 1,472 shares in the company, valued at approximately $352,440.96. The trade was a 80.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $234.86, for a total transaction 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 trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 318,380 shares of company stock worth $76,586,604 in the last three months. 20.00% of the stock is currently owned by company insiders.

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.