Workday, Inc. $WDAY Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Workday, Inc. by 5.0%, acquiring an additional 4,490 shares, bringing their total holdings to 94,580 shares worth approximately $22.7 million.
• Insider transactions revealed significant sales, with CFO Zane Rowe selling 6,000 shares and major shareholder David A. Duffield selling 78,564 shares, indicating a 3.25% and 43.27% decrease in their respective ownerships.
• Analysts have mixed ratings, with three analysts giving Workday a Strong Buy, while the consensus rating is a Moderate Buy with a target price of $287.83.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,580 shares of the software maker's stock after acquiring an additional 4,490 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Workday were worth $22,699,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its stake in shares of Workday by 76.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock worth $28,000 after purchasing an additional 54 shares during the last quarter. Dagco Inc. acquired a new position in Workday in the 1st quarter valued at $31,000. Farmers & Merchants Investments Inc. acquired a new position in Workday in the 1st quarter valued at $32,000. Pinnacle Bancorp Inc. acquired a new position in Workday in the 1st quarter valued at $40,000. Finally, BankPlus Trust Department acquired a new position in Workday in the 1st quarter valued at $40,000. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Workday

In other news, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the transaction, the chief financial officer directly owned 178,418 shares of the company's stock, valued at approximately $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder David A. Duffield sold 78,564 shares of the business's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares in the company, valued at approximately $22,671,699.64. The trade was a 43.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 253,254 shares of company stock valued at $58,996,376. 19.31% of the stock is owned by company insiders.

Workday Stock Performance

NASDAQ:WDAY opened at $236.48 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $63.14 billion, a price-to-earnings ratio of 109.48, a PEG ratio of 2.89 and a beta of 1.10. The firm's fifty day simple moving average is $230.06 and its 200 day simple moving average is $237.48. 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, 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 business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the business posted $1.75 EPS. The business's quarterly revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities research analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wall Street Zen upgraded Workday from a "hold" rating to a "buy" rating in a report on Sunday, July 13th. Cowen restated a "buy" rating on shares of Workday in a report on Wednesday, September 17th. Weiss Ratings restated a "hold (c)" rating on shares of Workday in a report on Saturday, September 27th. Bank of America lowered their target price on shares of Workday from $295.00 to $278.00 and set a "buy" rating for the company in a report on Tuesday, August 19th. Finally, JMP Securities restated a "market outperform" rating and issued a $315.00 target price on shares of Workday in a report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Workday currently has a consensus rating of "Moderate Buy" and a consensus target price of $287.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.