Workday, Inc. $WDAY Shares Acquired by M & L Capital Management Ltd

Key Points

• M & L Capital Management Ltd significantly increased its position in Workday, Inc. by 436.5%, acquiring 14,405 additional shares in Q2, bringing its total holdings to 17,705 shares valued at approximately $4.25 million.
• Institutional investors now own 89.81% of Workday's stock, with several major funds, including Nuveen LLC and T. Rowe Price, making substantial investments in the company.
• Workday's recent earnings report showed a net margin of 6.51% and revenue growth of 12.6% year-over-year, with adjusted EPS beating estimates at $2.21.

M & L Capital Management Ltd lifted its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 436.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,705 shares of the software maker's stock after buying an additional 14,405 shares during the period. Workday makes up approximately 1.0% of M & L Capital Management Ltd's portfolio, making the stock its 13th largest position. M & L Capital Management Ltd's holdings in Workday were worth $4,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in WDAY. Nuveen LLC acquired a new stake in shares of Workday during the 1st quarter worth approximately $456,341,000. T. Rowe Price Investment Management Inc. increased its holdings in shares of Workday by 47.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock worth $879,147,000 after buying an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock worth $812,475,000 after buying an additional 913,613 shares during the last quarter. Generation Investment Management LLP increased its holdings in shares of Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker's stock worth $678,117,000 after buying an additional 778,301 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Workday by 53,267.5% during the 1st quarter. GAMMA Investing LLC now owns 658,555 shares of the software maker's stock worth $153,792,000 after purchasing an additional 657,321 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of research analyst reports. Canaccord Genuity Group lowered their price objective on shares of Workday from $330.00 to $275.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Cantor Fitzgerald raised shares of Workday to a "strong-buy" rating in a research report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price objective on shares of Workday in a research report on Tuesday, September 9th. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a research report on Sunday, July 13th. Finally, Oppenheimer lowered their price objective on shares of Workday from $300.00 to $270.00 and set an "outperform" rating for the company in a research report on Friday, August 22nd. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $286.81.

Insider Activity

In other news, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the completion of the sale, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at approximately $10,093,578.22. The trade was a 1.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of Workday stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the sale, the chief financial officer directly owned 178,418 shares of the company's stock, valued at approximately $42,747,168.62. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 318,380 shares of company stock valued at $76,586,604 in the last 90 days. Company insiders own 19.31% of the company's stock.

Workday Stock Performance

Shares of WDAY stock opened at $223.39 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 52 week low of $205.33 and a 52 week high of $294.00. The stock has a market capitalization of $59.65 billion, a PE ratio of 103.42, a P/E/G ratio of 3.16 and a beta of 1.12. The firm has a 50 day moving average of $229.28 and a two-hundred day moving average of $238.87.

Workday (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter last year, the company posted $1.75 EPS. The firm's 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. On average, research analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal 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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