Ethic Inc. Purchases 912 Shares of Workday, Inc. $WDAY

Ethic Inc. increased its position in shares of Workday, Inc. (NASDAQ:WDAY) by 5.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,596 shares of the software maker’s stock after acquiring an additional 912 shares during the quarter. Ethic Inc.’s holdings in Workday were worth $4,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Workday by 2.3% in the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock valued at $4,810,404,000 after buying an additional 455,855 shares in the last quarter. 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 in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Workday by 0.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after buying an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in 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 buying an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC lifted its stake in Workday by 22.4% in the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after buying an additional 548,694 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In related news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the transaction, the chief financial officer directly owned 168,468 shares in the company, valued at approximately $39,189,026.16. The trade was a 3.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder David A. Duffield sold 78,564 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider owned 102,997 shares in the company, valued at approximately $22,671,699.64. The trade was a 43.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,933 shares of company stock valued at $61,475,760 in the last 90 days. Company insiders own 19.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WDAY. Stifel Nicolaus cut their price target on shares of Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. UBS Group set a $304.00 price objective on shares of Workday in a report on Friday, August 22nd. JMP Securities reiterated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Wednesday, September 17th. Finally, Zacks Research upgraded shares of Workday from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $287.83.

Workday Price Performance

Shares of WDAY opened at $243.28 on Friday. The company has a market cap of $64.96 billion, a price-to-earnings ratio of 112.63, a PEG ratio of 3.03 and a beta of 1.10. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company’s fifty day simple moving average is $233.30 and its 200 day simple moving average is $237.28. 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) last issued its 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. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts forecast 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.