Zurich Insurance Group Ltd FI Buys 194,250 Shares of Workday, Inc. $WDAY

Key Points

• Zurich Insurance Group Ltd FI increased its holdings in Workday, Inc. by 72.6% in Q1, owning about 0.17% of the company, valued at approximately $107.8 million.
• Workday's stock has a market cap of $61.89 billion and recently opened at $231.81, marking a 0.3% increase.
• Institutional investors collectively own 89.81% of Workday's stock, with several firms, including Cornerstone Planning Group, significantly raising their stakes in the company during the same quarter.

Zurich Insurance Group Ltd FI increased its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 72.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 461,753 shares of the software maker's stock after acquiring an additional 194,250 shares during the quarter. Zurich Insurance Group Ltd FI owned approximately 0.17% of Workday worth $107,833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WDAY. Private Trust Co. NA grew its position in Workday by 15.2% during the 1st quarter. Private Trust Co. NA now owns 318 shares of the software maker's stock worth $74,000 after purchasing an additional 42 shares in the last quarter. Salvus Wealth Management LLC grew its position in Workday by 2.8% during the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker's stock worth $387,000 after purchasing an additional 45 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Workday by 15.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker's stock valued at $82,000 after buying an additional 46 shares during the period. AE Wealth Management LLC boosted its stake in shares of Workday by 0.4% during the 1st quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker's stock valued at $2,778,000 after buying an additional 46 shares during the period. Finally, Bristlecone Advisors LLC boosted its stake in shares of Workday by 1.6% during the 1st quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker's stock valued at $693,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 89.81% of the company's stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Workday from $295.00 to $290.00 and set an "overweight" rating for the company in a research note on Friday, August 22nd. JMP Securities reissued a "market outperform" rating and set a $315.00 target price on shares of Workday in a research note on Friday, August 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Workday from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. Westpark Capital lifted their target price on shares of Workday from $315.00 to $328.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen raised shares of Workday from a "hold" rating to a "buy" rating in a research note on Sunday, July 13th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $286.81.

Workday Stock Down 1.4%

Shares of WDAY stock traded down $3.28 on Friday, hitting $223.39. The company's stock had a trading volume of 2,683,175 shares, compared to its average volume of 3,587,037. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The firm's fifty day moving average price is $229.28 and its 200-day moving average price is $239.09. The stock has a market capitalization of $59.65 billion, a price-to-earnings ratio of 103.42, a P/E/G ratio of 3.16 and a beta of 1.12.

Workday (NASDAQ:WDAY - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (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 during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the business earned $1.75 EPS. Workday'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. Research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In other Workday news, CAO Mark S. Garfield sold 451 shares of the business's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $234.86, for a total transaction of $105,921.86. Following the completion of the transaction, the chief accounting officer owned 42,977 shares of the company's stock, valued at $10,093,578.22. The trade was a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carl M. Eschenbach sold 6,250 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the transaction, the chief executive officer directly owned 1,472 shares of the company's stock, valued at approximately $352,440.96. This represents a 80.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 318,380 shares of company stock worth $76,586,604 in the last 90 days. Insiders own 19.31% of the company's stock.

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.