MGO One Seven LLC Boosts Holdings in Workday, Inc. $WDAY

MGO One Seven LLC boosted its stake in Workday, Inc. (NASDAQ:WDAY) by 24.8% in the second quarter, Holdings Channel.com reports. The fund owned 1,736 shares of the software maker’s stock after buying an additional 345 shares during the quarter. MGO One Seven LLC’s holdings in Workday were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of WDAY. Nuveen LLC purchased a new stake in shares of Workday in the 1st quarter valued at about $456,341,000. T. Rowe Price Investment Management Inc. lifted its stake in Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after buying an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after acquiring an additional 913,613 shares during the period. Generation Investment Management LLP grew its position 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 worth $678,117,000 after acquiring an additional 778,301 shares during the last quarter. Finally, Parnassus Investments LLC increased its holdings in shares of Workday by 22.4% in the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after acquiring an additional 548,694 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity at Workday

In other news, Director Michael M. Mcnamara sold 5,393 shares of the company’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $235.16, for a total transaction of $1,268,217.88. Following the transaction, the director directly owned 24,078 shares of the company’s stock, valued at $5,662,182.48. This represents a 18.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder David A. Duffield sold 75,053 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the completion of the sale, the insider owned 102,997 shares of the company’s stock, valued at $24,342,310.98. This trade represents a 42.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 264,933 shares of company stock worth $61,475,760. 19.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America decreased their price target on shares of Workday from $295.00 to $278.00 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Sanford C. Bernstein reissued an “outperform” rating and set a $304.00 price target on shares of Workday in a report on Friday, August 22nd. Evercore ISI boosted their price target on Workday from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. BMO Capital Markets reduced their price objective on Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a research note on Friday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Price Performance

Shares of WDAY opened at $234.25 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $231.31 and its two-hundred day moving average is $236.76. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The firm has a market capitalization of $62.54 billion, a PE ratio of 108.45, a P/E/G ratio of 2.92 and a beta of 1.10.

Workday (NASDAQ:WDAY) 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 return on equity of 9.74% and a net margin of 6.51%.The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the firm earned $1.75 EPS. The company’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 earnings per share for the current year.

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.