49,215 Shares in Workday, Inc. $WDAY Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Workday, Inc. (NASDAQ:WDAY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,215 shares of the software maker’s stock, valued at approximately $11,812,000.

Other large investors have also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Workday in the first quarter valued at approximately $456,341,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of 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 valued at $879,147,000 after acquiring an additional 1,211,659 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Workday by 35.6% in the 1st 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 last quarter. Generation Investment Management LLP boosted its holdings in shares of 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 acquiring an additional 778,301 shares in the last quarter. Finally, Parnassus Investments LLC grew its position in Workday by 22.4% during the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after acquiring an additional 548,694 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In other Workday news, Director Michael M. Mcnamara sold 5,393 shares of the company’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $235.16, for a total value of $1,268,217.88. Following the completion of the transaction, the director owned 24,078 shares in the company, valued at $5,662,182.48. This represents a 18.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David A. Duffield sold 75,053 shares of the 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 transaction, the insider owned 102,997 shares of the company’s stock, valued at approximately $24,342,310.98. The trade was a 42.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,933 shares of company stock valued at $61,475,760 in the last three months. Insiders own 20.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WDAY. BMO Capital Markets lowered their target price on Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a report on Friday, August 22nd. Citigroup decreased their price target on shares of Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a research report on Friday, August 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $340.00 price target on shares of Workday in a report on Wednesday, September 17th. Canaccord Genuity Group reduced their price objective on shares of Workday from $330.00 to $275.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $315.00 target price on shares of Workday in a research report on Wednesday, September 17th. Three equities research 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $287.83.

Workday Price Performance

Shares of NASDAQ WDAY opened at $242.75 on Monday. The firm has a market capitalization of $64.81 billion, a P/E ratio of 112.38, a P/E/G ratio of 3.05 and a beta of 1.10. The firm’s 50-day moving average price is $233.64 and its 200-day moving average price is $237.74. 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, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00.

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. 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 period in the prior year, the firm earned $1.75 earnings per share. Workday’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. Equities research analysts anticipate 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.