Workday, Inc. $WDAY Stock Position Raised by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Workday, Inc. by 8.4%, owning 205,728 shares worth $49.375 million after purchasing an additional 15,899 shares.
• Workday reported $2.21 earnings per share for the last quarter, beating analyst expectations, with revenue increasing 12.6% year-over-year to $2.35 billion.
• Insider activity included CEO Carl M. Eschenbach selling 6,250 shares and major shareholder David A. Duffield selling 75,053 shares, marking significant reductions in their ownership positions.

Aberdeen Group plc raised its position in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 8.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,728 shares of the software maker's stock after purchasing an additional 15,899 shares during the period. Aberdeen Group plc owned 0.08% of Workday worth $49,375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in shares of Workday by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,645 shares of the software maker's stock valued at $5,288,000 after acquiring an additional 1,070 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Workday by 13.9% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,136 shares of the software maker's stock valued at $265,000 after acquiring an additional 139 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Workday by 33.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker's stock valued at $7,486,000 after acquiring an additional 8,093 shares in the last quarter. Chicago Capital LLC raised its stake in shares of Workday by 2.2% in the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker's stock valued at $42,193,000 after acquiring an additional 3,824 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Workday by 21.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker's stock valued at $7,288,000 after acquiring an additional 5,300 shares in the last quarter. 89.81% of the stock is owned by hedge funds and other institutional investors.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $233.18 on Friday. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The firm has a market capitalization of $62.26 billion, a PE ratio of 107.95, a PEG ratio of 2.91 and a beta of 1.10. The business's 50 day moving average is $230.35 and its 200-day moving average is $236.87. 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 data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm earned $1.75 EPS. 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. Sell-side analysts predict that Workday, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on WDAY. Wells Fargo & Company cut their price objective on Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Monday, August 18th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $304.00 price target on shares of Workday in a research report on Friday, August 22nd. KeyCorp dropped their price target on Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a research report on Friday, August 22nd. BMO Capital Markets dropped their price target on Workday from $314.00 to $285.00 and set an "outperform" rating on the stock in a research report on Friday, August 22nd. Finally, DA Davidson lifted their price target on Workday from $225.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, September 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, Workday presently has a consensus rating of "Moderate Buy" and a consensus price target of $287.83.

Insider Transactions at Workday

In other news, CEO Carl M. Eschenbach sold 6,250 shares of Workday stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the sale, the chief executive officer owned 20,222 shares of the company's stock, valued at approximately $4,803,129.44. This trade represents a 23.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 75,053 shares of Workday stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $236.34, for a total value of $17,738,026.02. Following the sale, the insider directly owned 102,997 shares in the company, valued at $24,342,310.98. The trade was a 42.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 257,625 shares of company stock worth $59,749,934 over the last quarter. 19.31% of the stock is owned by company insiders.

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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