KBC Group NV Reduces Position in Workday, Inc. $WDAY

KBC Group NV decreased its position in Workday, Inc. (NASDAQ:WDAY) by 28.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 456,046 shares of the software maker’s stock after selling 183,954 shares during the period. KBC Group NV owned about 0.17% of Workday worth $109,451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaQuest LLC raised its holdings in Workday by 636.7% in the 2nd quarter. AlphaQuest LLC now owns 1,886 shares of the software maker’s stock worth $453,000 after purchasing an additional 1,630 shares in the last quarter. Chicago Capital LLC raised its stake in Workday by 2.2% in the second quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock worth $42,193,000 after buying an additional 3,824 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Workday by 21.1% in the second quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock worth $7,288,000 after buying an additional 5,300 shares during the period. One Degree Advisors Inc bought a new stake in Workday during the 2nd quarter valued at approximately $369,000. Finally, LBP AM SA grew its holdings in shares of Workday by 23.4% during the 2nd quarter. LBP AM SA now owns 50,676 shares of the software maker’s stock worth $12,162,000 after acquiring an additional 9,606 shares during the period. 89.81% of the stock is currently owned by institutional investors.

Workday Stock Down 0.4%

Workday stock opened at $226.98 on Wednesday. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The stock has a fifty day simple moving average of $234.74 and a two-hundred day simple moving average of $238.24. 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 firm has a market cap of $60.60 billion, a price-to-earnings ratio of 105.08, a PEG ratio of 2.84 and a beta of 1.11.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the firm posted $1.75 EPS. The business’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. Equities analysts predict that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder David A. Duffield sold 78,564 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total value of $17,293,507.68. Following the completion of the transaction, the insider owned 102,997 shares of the company’s stock, valued at approximately $22,671,699.64. This represents a 43.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael M. Mcnamara sold 5,393 shares of the company’s stock in a transaction dated 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 directly owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. This trade represents a 18.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 264,933 shares of company stock worth $61,475,760 in the last quarter. Company insiders own 20.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Cowen restated a “buy” rating on shares of Workday in a research note on Wednesday, September 17th. Royal Bank Of Canada restated an “outperform” rating and set a $340.00 target price on shares of Workday in a report on Wednesday, September 17th. Guggenheim upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 price target for the company in a research note on Wednesday, September 17th. UBS Group set a $304.00 price target on shares of Workday in a research report on Friday, August 22nd. Finally, DA Davidson raised their target price on shares of Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.86.

Workday 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.