V Square Quantitative Management LLC Raises Stock Position in Workday, Inc. $WDAY

Key Points

• V Square Quantitative Management LLC increased its stake in Workday, Inc. by 79.1%, owning 6,341 shares worth $1.52 million following the acquisition of 2,800 additional shares in Q2.
• Workday reported earnings of $2.21 per share for the last quarter, exceeding analysts' expectations of $2.09, with a revenue of $2.35 billion.
• Analysts have set varied price targets for Workday, with a consensus price target of $287.83, suggesting strong interest with three "Strong Buy" and twenty-three "Buy" ratings.

V Square Quantitative Management LLC lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 79.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,341 shares of the software maker's stock after acquiring an additional 2,800 shares during the quarter. V Square Quantitative Management LLC's holdings in Workday were worth $1,522,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. GraniteShares Advisors LLC increased its position in shares of Workday by 3.0% during the second quarter. GraniteShares Advisors LLC now owns 3,173 shares of the software maker's stock worth $762,000 after acquiring an additional 91 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in shares of Workday by 0.9% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 386,508 shares of the software maker's stock worth $92,762,000 after acquiring an additional 3,445 shares during the period. Avior Wealth Management LLC increased its position in shares of Workday by 45.2% during the second quarter. Avior Wealth Management LLC now owns 1,647 shares of the software maker's stock worth $395,000 after acquiring an additional 513 shares during the period. ORG Wealth Partners LLC increased its position in shares of Workday by 5.2% during the second quarter. ORG Wealth Partners LLC now owns 5,944 shares of the software maker's stock worth $1,422,000 after acquiring an additional 294 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Workday by 21.1% during the second quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker's stock worth $7,288,000 after acquiring an additional 5,300 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Price Performance

NASDAQ WDAY opened at $246.67 on Monday. The firm has a market capitalization of $65.86 billion, a P/E ratio of 114.20, a P/E/G ratio of 3.25 and a beta of 1.12. 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, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The firm's fifty day simple moving average is $230.13 and its two-hundred day simple moving average is $237.71.

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

Insider Activity

In other news, insider Richard Harry Sauer sold 1,160 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $235.41, for a total transaction of $273,075.60. Following the sale, the insider directly owned 95,756 shares of the company's stock, valued at $22,541,919.96. This represents a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction dated 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 sale, the chief executive officer directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 326,171 shares of company stock valued at $76,432,560. 20.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

WDAY has been the topic of a number of research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $265.00 target price on shares of Workday in a research report on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Workday from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Wells Fargo & Company reduced their price objective on shares of Workday from $325.00 to $300.00 and set an "overweight" rating for the company in a research note on Monday, August 18th. Finally, Zacks Research raised shares of Workday from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $287.83.

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.

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