Workday, Inc. $WDAY Shares Purchased by Amundi

Key Points

• Amundi increased its stake in Workday, Inc. by 5.9% during the first quarter, now holding 896,978 shares valued at approximately $204.8 million.
• Workday reported an earnings per share (EPS) of $2.21 for the last quarter, surpassing analyst expectations and showing a year-over-year revenue growth of 12.6%.
• Institutional ownership in Workday stands at 89.81%, with several hedge funds actively buying or increasing their positions in the company during the first quarter.

Amundi boosted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 896,978 shares of the software maker's stock after buying an additional 49,605 shares during the quarter. Amundi owned 0.34% of Workday worth $204,807,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. 3G Capital Partners LP acquired a new position in Workday in the first quarter worth approximately $3,503,000. Adage Capital Partners GP L.L.C. grew its position in Workday by 8.8% in the first quarter. Adage Capital Partners GP L.L.C. now owns 170,300 shares of the software maker's stock worth $39,770,000 after buying an additional 13,800 shares during the last quarter. Advent International L.P. grew its position in Workday by 407.8% in the first quarter. Advent International L.P. now owns 29,200 shares of the software maker's stock worth $6,819,000 after buying an additional 23,450 shares during the last quarter. Generation Investment Management LLP grew its position in Workday by 36.6% in the first 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, Federation des caisses Desjardins du Quebec grew its position in Workday by 48.5% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 18,741 shares of the software maker's stock worth $4,377,000 after purchasing an additional 6,121 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Trading Down 1.0%

Shares of NASDAQ:WDAY opened at $231.13 on Friday. The firm has a fifty day moving average of $230.64 and a two-hundred day moving average of $240.41. The firm has a market capitalization of $61.71 billion, a P/E ratio of 107.01, a price-to-earnings-growth ratio of 3.25 and a beta of 1.12. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. 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 (NASDAQ:WDAY - Get Free Report) last issued its earnings results 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. 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 analyst estimates of $2.34 billion. During the same quarter last year, the business posted $1.75 EPS. The company's revenue for the quarter was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities analysts expect that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Workday

In related 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 value of $105,921.86. Following the completion of the sale, the chief accounting officer 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 this link. Also, major shareholder David A. Duffield sold 72,551 shares of Workday stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.61, for a total transaction of $17,383,945.11. Following the completion of the sale, the insider directly owned 102,997 shares of the company's stock, valued at approximately $24,679,111.17. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 318,380 shares of company stock worth $76,586,604 in the last 90 days. 19.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

WDAY has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Workday from $275.00 to $255.00 and set a "hold" rating on the stock in a research report on Friday, August 22nd. KeyCorp lowered their price objective on shares of Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. Canaccord Genuity Group lowered their price objective on shares of Workday from $330.00 to $275.00 and set a "buy" rating on the stock in a research report on Friday, August 22nd. Morgan Stanley set a $255.00 price objective on shares of Workday and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Finally, Bank of America lowered their price objective on shares of Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a research report on Tuesday, August 19th. 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $286.81.

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.

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