Alyeska Investment Group L.P. Acquires 261,528 Shares of Workday, Inc. $WDAY

Key Points

• Alyeska Investment Group L.P. increased its stake in Workday, Inc. by 235.3%, now owning approximately $87.03 million worth of shares after purchasing an additional 261,528 shares.
• Multiple hedge funds, including Amundi and Advent International, have made significant increases to their holdings in Workday, indicating strong institutional interest with 89.81% of the stock owned by hedge funds and investors.
• Workday reported an earnings per share of $2.21 for the last quarter, surpassing analysts' expectations of $2.09, with a revenue increase of 12.6% year-over-year.

Alyeska Investment Group L.P. lifted its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 235.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 372,661 shares of the software maker's stock after buying an additional 261,528 shares during the period. Alyeska Investment Group L.P. owned approximately 0.14% of Workday worth $87,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of WDAY. Amundi lifted its holdings in shares of Workday by 5.9% during the 1st quarter. Amundi now owns 896,978 shares of the software maker's stock worth $204,807,000 after acquiring an additional 49,605 shares during the period. 3G Capital Partners LP bought a new position in Workday in the first quarter valued at approximately $3,503,000. Adage Capital Partners GP L.L.C. raised its position in Workday by 8.8% during the first quarter. Adage Capital Partners GP L.L.C. now owns 170,300 shares of the software maker's stock valued at $39,770,000 after purchasing an additional 13,800 shares in the last quarter. Advent International L.P. lifted its stake in Workday by 407.8% during the first quarter. Advent International L.P. now owns 29,200 shares of the software maker's stock worth $6,819,000 after purchasing an additional 23,450 shares during the last quarter. Finally, Generation Investment Management LLP boosted its holdings in shares of Workday by 36.6% in the 1st 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. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the completion of the transaction, the chief executive officer owned 1,472 shares in the company, valued at approximately $352,440.96. This trade represents a 80.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David A. Duffield sold 73,971 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the completion of the transaction, the insider owned 102,997 shares in the company, valued at $24,581,264.02. This trade represents a 41.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 318,380 shares of company stock valued at $76,586,604 over the last three months. 19.31% of the stock is owned by insiders.

Analysts Set New Price Targets

WDAY has been the topic of several recent analyst reports. Morgan Stanley set a $255.00 price target on Workday and gave the company an "equal weight" rating in a research note on Friday, May 23rd. DA Davidson lifted their target price on Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a research report on Friday, May 23rd. JMP Securities reissued a "market outperform" rating and set a $315.00 target price on shares of Workday in a research note on Friday, August 22nd. KeyCorp reduced their price target on shares of Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research note on Friday, August 22nd. Finally, Wells Fargo & Company decreased their price target on shares of Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $286.81.

Workday Trading Down 0.0%

Shares of NASDAQ:WDAY traded down $0.05 during mid-day trading on Friday, reaching $231.08. 3,525,278 shares of the company's stock were exchanged, compared to its average volume of 3,855,587. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The firm has a market capitalization of $61.70 billion, a price-to-earnings ratio of 106.98, a PEG ratio of 3.22 and a beta of 1.12. The business's fifty day moving average price is $230.52 and its 200-day moving average price is $240.17.

Workday (NASDAQ:WDAY - Get Free Report) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.Workday's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period last year, the company earned $1.75 EPS. 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 fiscal year.

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.