US Bancorp DE Has $22.50 Million Stock Holdings in Workday, Inc. $WDAY

Key Points

• US Bancorp DE has a $22.50 million stake in Workday, Inc., owning 93,743 shares after a 4.2% reduction in their position during the second quarter.
• Numerous institutional investors have increased their holdings in Workday, with T. Rowe Price boosting its position by 47.5% to own nearly $879 million worth of shares.
• Workday's recent earnings report showed an EPS of $2.21, surpassing expectations, and analysts have set a consensus price target of $287.83 for the stock.

US Bancorp DE reduced its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 4.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,743 shares of the software maker's stock after selling 4,141 shares during the period. US Bancorp DE's holdings in Workday were worth $22,498,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WDAY. Nuveen LLC bought a new position in shares of Workday during the first quarter valued at about $456,341,000. T. Rowe Price Investment Management Inc. lifted its position in shares of Workday by 47.5% during 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 purchasing an additional 1,211,659 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Workday by 35.6% during 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 purchasing an additional 913,613 shares in the last quarter. Generation Investment Management LLP lifted its position in shares of Workday by 36.6% during 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 purchasing an additional 778,301 shares in the last quarter. Finally, Parnassus Investments LLC lifted its position in shares of Workday by 22.4% during the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker's stock valued at $699,756,000 after purchasing an additional 548,694 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WDAY shares. JMP Securities reissued a "market outperform" rating and set a $315.00 price target on shares of Workday in a research report on Wednesday, September 17th. UBS Group set a $304.00 price objective on shares of Workday in a research report on Friday, August 22nd. Barclays lifted their price objective on shares of Workday from $285.00 to $288.00 and gave the stock an "overweight" rating in a research report on Thursday, September 18th. Evercore ISI lifted their price objective on shares of Workday from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $340.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $287.83.

Insider Activity

In related news, insider Richard Harry Sauer sold 2,320 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the transaction, the insider owned 90,077 shares of the company's stock, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the transaction, the chief financial officer directly owned 168,468 shares of the company's stock, valued at approximately $39,189,026.16. This represents a 3.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,625 shares of company stock worth $59,749,934 in the last three months. Insiders own 19.31% of the company's stock.

Workday Price Performance

WDAY opened at $233.18 on Friday. The company has a market capitalization of $62.26 billion, a price-to-earnings ratio of 107.95, a PEG ratio of 2.97 and a beta of 1.10. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $230.35 and a 200-day moving average price of $236.97. Workday, Inc. has a twelve month low of $205.33 and a twelve month 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 during the quarter, compared to the consensus estimate of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company's revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities analysts expect that Workday, Inc. will post 2.63 EPS for the current 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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