Workday, Inc. $WDAY Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC reduced its holdings in Workday, Inc. by 10.8%, now owning 11,819 shares valued at approximately $2.76 million.
• Major firms like Nuveen LLC and T. Rowe Price have significantly increased their stakes in Workday during the same quarter, indicating strong institutional interest with 89.81% of the stock held by institutional investors.
• Workday reported better-than-expected earnings of $2.21 per share for the last quarter, surpassing analysts' estimates and marking a 12.6% revenue increase year-over-year.

Intech Investment Management LLC cut its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 11,819 shares of the software maker's stock after selling 1,438 shares during the quarter. Intech Investment Management LLC's holdings in Workday were worth $2,760,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new position in shares of Workday in the 1st quarter worth $456,341,000. T. Rowe Price Investment Management Inc. grew 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 worth $879,147,000 after acquiring an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Workday by 35.6% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker's stock worth $812,475,000 after acquiring an additional 913,613 shares during the last quarter. Generation Investment Management LLP grew its holdings in shares of Workday by 36.6% during the first quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker's stock valued at $678,117,000 after buying an additional 778,301 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Workday by 53,267.5% during the first quarter. GAMMA Investing LLC now owns 658,555 shares of the software maker's stock valued at $153,792,000 after buying an additional 657,321 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Zane Rowe sold 6,000 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was 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 in the company, valued at $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total value of $1,496,437.50. Following the transaction, the chief executive officer owned 1,472 shares in the company, valued at $352,440.96. This represents a 80.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,380 shares of company stock valued at $72,906,654. Company insiders own 20.00% of the company's stock.

Workday Price Performance

WDAY opened at $223.39 on Monday. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00. The stock has a fifty day moving average price of $229.28 and a 200 day moving average price of $238.72. The stock has a market cap of $59.65 billion, a price-to-earnings ratio of 103.42, a PEG ratio of 3.11 and a beta of 1.12. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY - Get Free Report) last announced its quarterly earnings results 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 return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.35 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the previous year, the firm earned $1.75 earnings per share. The business's quarterly 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. Analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Citigroup lowered their price target on Workday from $279.00 to $260.00 and set a "neutral" rating on the stock in a report on Friday, August 22nd. Canaccord Genuity Group lowered their price target on Workday from $330.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, August 22nd. DA Davidson lifted their price target on Workday from $230.00 to $250.00 and gave the company a "neutral" rating in a report on Friday, May 23rd. Cantor Fitzgerald upgraded Workday to a "strong-buy" rating in a report on Thursday. Finally, Wells Fargo & Company lowered their price target on Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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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