Workday, Inc. $WDAY Stock Holdings Lifted by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD raised its stake in Workday, Inc. by 27.5% during the 1st quarter, now owning approximately 1,079,917 shares valued at $252 million.
• Workday stock recently received target price cuts from several analysts, with KeyCorp and Bank of America lowering their estimates significantly.
• Insider sales amounted to $79.2 million in the last three months, highlighting potential shifts in confidence among major stakeholders.

Price T Rowe Associates Inc. MD raised its stake in Workday, Inc. (NASDAQ:WDAY - Free Report) by 27.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,079,917 shares of the software maker's stock after buying an additional 233,253 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.41% of Workday worth $252,194,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC increased its holdings in shares of Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker's stock valued at $28,000 after buying an additional 54 shares in the last quarter. Dagco Inc. bought a new position in shares of Workday in the first quarter valued at $31,000. Farmers & Merchants Investments Inc. bought a new position in shares of Workday in the first quarter valued at $32,000. Financial Management Professionals Inc. increased its holdings in shares of Workday by 54.0% in the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker's stock valued at $36,000 after buying an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in Workday during the 1st quarter valued at $40,000. Institutional investors own 89.81% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. KeyCorp cut their target price on shares of Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research note on Friday. Bank of America cut their target price on shares of Workday from $295.00 to $278.00 and set a "buy" rating on the stock in a research note on Tuesday, August 19th. Barclays cut their target price on shares of Workday from $321.00 to $298.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Needham & Company LLC reissued a "buy" rating and set a $300.00 target price on shares of Workday in a research note on Friday. Finally, Guggenheim reissued a "neutral" rating on shares of Workday in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $283.76.

Insiders Place Their Bets

In other news, CAO Mark S. Garfield sold 451 shares of the company's 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 transaction, the chief accounting officer directly owned 42,977 shares of the company's stock, valued at approximately $10,093,578.22. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 73,971 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the completion of the sale, the insider owned 102,997 shares of the company's stock, valued at $24,581,264.02. This represents a 41.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 329,005 shares of company stock valued at $79,203,523 in the last three months. Company insiders own 19.31% of the company's stock.

Workday Trading Down 2.8%

NASDAQ WDAY opened at $221.27 on Friday. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $59.08 billion, a PE ratio of 102.44, a price-to-earnings-growth ratio of 3.34 and a beta of 1.24. The firm's fifty day simple moving average is $232.39 and its 200-day simple moving average is $242.48.

Workday (NASDAQ:WDAY - Get Free Report) last posted 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 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 the consensus estimate of $2.34 billion. During the same period in the prior year, the business posted $1.75 earnings per share. Workday's revenue for the quarter 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, sell-side analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday Company 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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