Credit Agricole S A Buys 47,884 Shares of Workday, Inc. $WDAY

Key Points

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Credit Agricole S A grew its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 20.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,273 shares of the software maker's stock after acquiring an additional 47,884 shares during the period. Credit Agricole S A owned about 0.11% of Workday worth $65,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of WDAY. Groupama Asset Managment bought a new position in Workday in the first quarter worth about $483,000. Two Star Manager LLC raised its stake in Workday by 9.9% in the first quarter. Two Star Manager LLC now owns 45,199 shares of the software maker's stock worth $10,555,000 after buying an additional 4,059 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in Workday in the first quarter worth about $700,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Workday by 40.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 206,167 shares of the software maker's stock worth $48,151,000 after buying an additional 59,631 shares in the last quarter. Finally, Financial Advisors Network Inc. bought a new position in Workday in the first quarter worth about $2,180,000. 89.81% of the stock is owned by institutional investors.

Insider Activity

In other news, Director George J. Still, Jr. sold 7,500 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $248.41, for a total transaction of $1,863,075.00. Following the sale, the director owned 67,500 shares in the company, valued at $16,767,675. This represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 178,418 shares in the company, valued at approximately $42,747,168.62. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 329,005 shares of company stock valued at $79,203,523. Company insiders own 19.31% of the company's stock.

Workday Stock Down 2.8%

WDAY traded down $6.31 during midday trading on Friday, reaching $221.27. The company's stock had a trading volume of 8,224,204 shares, compared to its average volume of 3,409,935. The firm has a market capitalization of $59.08 billion, a price-to-earnings ratio of 102.44, a PEG ratio of 3.44 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The stock's 50-day moving average is $232.39 and its 200-day moving average is $242.71.

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, topping analysts' consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.83%. The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the prior year, the company earned $1.75 earnings per share. The business'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. As a group, research analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on WDAY. Wells Fargo & Company decreased their price target 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. Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Morgan Stanley set a $255.00 price target on shares of Workday and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. JMP Securities reissued a "market outperform" rating and issued a $315.00 price target on shares of Workday in a research note on Friday. Finally, KeyCorp cut their price objective on shares of Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a report on Friday. Two research 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 given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $283.76.

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.