Workday, Inc. $WDAY Shares Bought by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its holdings in Workday, Inc. by 48.5%, owning 18,741 shares valued at approximately $4.4 million.
• Workday reported quarterly earnings of $2.21 per share, exceeding analysts' expectations and showing a 12.6% year-over-year revenue growth.
• Institutional investors hold 89.81% of Workday's stock, with a significant presence of firms like Vanguard and T. Rowe Price increasing their stakes during the first quarter.

Federation des caisses Desjardins du Quebec raised its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 48.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,741 shares of the software maker's stock after acquiring an additional 6,121 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Workday were worth $4,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Workday by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker's stock worth $4,810,404,000 after buying an additional 455,855 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker's stock valued at $879,147,000 after purchasing an additional 1,211,659 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Workday by 0.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker's stock valued at $872,610,000 after purchasing an additional 14,354 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in Workday by 35.6% in the first 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. Finally, Parnassus Investments LLC increased its holdings in Workday by 22.4% in the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker's stock worth $699,756,000 after buying an additional 548,694 shares during the last quarter. 89.81% of the stock is owned by institutional investors and hedge funds.

Workday Stock Down 1.0%

Shares of NASDAQ WDAY opened at $231.13 on Friday. The stock has a market cap of $61.71 billion, a PE ratio of 107.01, a PEG ratio of 3.25 and a beta of 1.12. The business has a fifty day moving average of $230.64 and a two-hundred day moving average of $240.41. Workday, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00. 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 (NASDAQ:WDAY - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.12. The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business's revenue was up 12.6% on a year-over-year basis. During the same period last year, the business earned $1.75 earnings per share. 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.

Insiders Place Their Bets

In related news, CAO Mark S. Garfield sold 451 shares of Workday stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $234.86, for a total value of $105,921.86. Following the completion of the transaction, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at $10,093,578.22. The trade was a 1.04% 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 Workday stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total value of $1,437,540.00. Following the completion of the transaction, the chief financial officer directly owned 178,418 shares of the company's stock, valued at $42,747,168.62. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 318,380 shares of company stock valued at $76,586,604. 19.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Guggenheim restated a "neutral" rating on shares of Workday in a report on Friday, August 22nd. Canaccord Genuity Group dropped their price objective on Workday from $330.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Morgan Stanley set a $255.00 price target on Workday and gave the company an "equal weight" rating in a report on Friday, May 23rd. Westpark Capital increased their price target on Workday from $315.00 to $328.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $286.81.

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.

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