BIP Wealth LLC Decreases Stake in Workday, Inc. $WDAY

BIP Wealth LLC lessened its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,442 shares of the software maker’s stock after selling 45 shares during the period. BIP Wealth LLC’s holdings in Workday were worth $586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WDAY. Nuveen LLC purchased a new stake in shares of Workday during the first quarter valued at $456,341,000. T. Rowe Price Investment Management Inc. raised its stake in Workday by 47.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock worth $879,147,000 after acquiring an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Workday by 35.6% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after acquiring an additional 913,613 shares during the period. Generation Investment Management LLP grew its stake in Workday by 36.6% during the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock valued at $678,117,000 after purchasing 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 first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after purchasing an additional 548,694 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on WDAY. Evercore ISI lifted their target price on Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Citigroup decreased their price objective on shares of Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Piper Sandler upgraded shares of Workday from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $220.00 to $235.00 in a research note on Wednesday, September 17th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Workday from $330.00 to $280.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Workday in a report on Friday. 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 data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

Workday Stock Down 0.2%

WDAY stock opened at $242.75 on Friday. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10. The firm’s fifty day moving average is $233.64 and its 200 day moving average is $237.69. The firm has a market cap of $64.81 billion, a PE ratio of 112.38, a P/E/G ratio of 3.03 and a beta of 1.10.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company posted $1.75 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. 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 EPS for the current year.

Insiders Place Their Bets

In related news, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $235.87, for a total value of $547,218.40. Following the completion of the sale, the insider owned 90,077 shares of the company’s stock, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the transaction, the chief financial officer owned 168,468 shares of the company’s stock, valued at $39,189,026.16. This represents a 3.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 264,933 shares of company stock valued at $61,475,760. 19.31% of the stock is owned by 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.