Workday, Inc. $WDAY Stake Boosted by Versor Investments LP

Key Points

• Versor Investments LP increased its holdings in Workday, Inc. by 121.1% in the 1st quarter, owning 4,205 shares valued at $982,000 by the end of the reporting period.
• CEO Carl M. Eschenbach sold 6,250 shares of Workday stock, resulting in a significant 80.94% decrease in his ownership.
• Workday's recent quarterly earnings report showed an EPS of $2.23, surpassing analysts' expectations of $2.01, with revenue growth of 12.6% year-over-year.

Versor Investments LP grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 121.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,205 shares of the software maker's stock after buying an additional 2,303 shares during the period. Versor Investments LP's holdings in Workday were worth $982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in WDAY. Cornerstone Planning Group LLC increased its stake in shares of Workday by 76.1% during the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock valued at $28,000 after acquiring an additional 54 shares during the period. Dagco Inc. acquired a new position in shares of Workday during the first quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Workday during the first quarter valued at approximately $32,000. Financial Management Professionals Inc. increased its stake in shares of Workday by 54.0% during the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after acquiring an additional 54 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of Workday during the first quarter valued at approximately $40,000. Institutional investors own 89.81% of the company's stock.

Insider Activity

In other Workday news, major shareholder David A. Duffield sold 73,971 shares of Workday stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the transaction, the insider directly owned 102,997 shares in the company, valued at approximately $24,581,264.02. The trade was a 41.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 transaction, the chief accounting officer owned 42,977 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 329,005 shares of company stock worth $79,203,523. 19.31% of the stock is owned by corporate insiders.

Workday Price Performance

Workday stock traded down $6.31 during mid-day trading on Friday, hitting $221.27. The company's stock had a trading volume of 8,224,204 shares, compared to its average volume of 3,409,935. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $59.08 billion, a P/E ratio of 102.44, a P/E/G ratio of 3.44 and a beta of 1.24. The stock's fifty day moving average price is $232.39 and its two-hundred day moving average price is $242.71.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data 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. Workday had a net margin of 6.51% and a return on equity of 9.83%. The firm had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same period in the previous year, the company posted $1.75 EPS. The company'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. Research analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on WDAY shares. Wells Fargo & Company lowered their price objective on shares of Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Canaccord Genuity Group lowered their price objective on shares of Workday from $330.00 to $275.00 and set a "buy" rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Friday. Royal Bank Of Canada restated an "outperform" rating and issued a $340.00 price target on shares of Workday in a research report on Friday. Finally, KeyCorp decreased their price target on shares of Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday. Two equities research 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $283.76.

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.