Workday, Inc. $WDAY Shares Purchased by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Workday, Inc. by 2.1%, acquiring a total of 114,953 shares now valued at approximately $27.6 million.
• Workday reported earnings of $2.21 per share, surpassing estimates by $0.12, and achieved a revenue of $2.35 billion for the quarter, reflecting a 12.6% year-over-year growth.
• Institutional investors hold about 89.81% of Workday's stock, indicating strong backing and confidence from large financial entities.

Chevy Chase Trust Holdings LLC boosted its holdings in Workday, Inc. (NASDAQ:WDAY - Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,953 shares of the software maker's stock after buying an additional 2,382 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Workday were worth $27,589,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in Workday by 5.0% in the first quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock worth $5,288,000 after buying an additional 1,070 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in Workday by 13.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock worth $265,000 after purchasing an additional 139 shares during the period. Chicago Capital LLC grew its position in Workday by 2.2% during the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker's stock worth $42,193,000 after purchasing an additional 3,824 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Workday by 33.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker's stock worth $7,486,000 after purchasing an additional 8,093 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Workday by 21.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker's stock worth $7,288,000 after purchasing an additional 5,300 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company's stock.

Workday Trading Up 2.9%

Workday stock opened at $234.25 on Friday. The company's fifty day simple moving average is $231.31 and its 200-day simple moving average is $236.75. 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 12 month low of $205.33 and a 12 month high of $294.00. The stock has a market cap of $62.54 billion, a P/E ratio of 108.45, a P/E/G ratio of 2.84 and a beta of 1.10.

Workday (NASDAQ:WDAY - Get Free Report) last posted 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 business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.34 billion. During the same period in the previous year, the company posted $1.75 EPS. Workday's 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, sell-side analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael M. Mcnamara sold 5,393 shares of Workday stock in a transaction on Friday, October 10th. The shares were sold at an average price of $235.16, for a total value of $1,268,217.88. Following the completion of the sale, the director owned 24,078 shares of the company's stock, valued at approximately $5,662,182.48. The trade was a 18.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Mark S. Garfield sold 1,915 shares of Workday stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $238.96, for a total transaction of $457,608.40. Following the completion of the sale, the chief accounting officer directly owned 37,351 shares of the company's stock, valued at approximately $8,925,394.96. The trade was a 4.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 264,933 shares of company stock worth $61,475,760 in the last 90 days. 19.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WDAY shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $340.00 price objective on shares of Workday in a research report on Wednesday, September 17th. Evercore ISI lifted their price objective on shares of Workday from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 17th. DA Davidson lifted their price objective on shares of Workday from $225.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Citigroup lowered their price objective on shares of Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a research report on Friday, August 22nd. Finally, Guggenheim upgraded shares of Workday from a "neutral" rating to a "buy" rating and set a $285.00 price objective on the stock in a research report on Wednesday, September 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.

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