Geode Capital Management LLC Has $1.18 Billion Stake in Workday, Inc. $WDAY

Geode Capital Management LLC lifted its position in shares of Workday, Inc. (NASDAQ:WDAY) by 2.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,952,938 shares of the software maker’s stock after purchasing an additional 140,042 shares during the period. Geode Capital Management LLC’s holdings in Workday were worth $1,183,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of WDAY. Vanguard Group Inc. lifted its stake in shares of Workday by 2.3% in the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock worth $4,810,404,000 after acquiring an additional 455,855 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Workday by 47.5% during 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 buying an additional 1,211,659 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Workday by 0.4% during 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 acquiring an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Workday by 35.6% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock worth $812,475,000 after buying an additional 913,613 shares during the last quarter. Finally, Parnassus Investments LLC raised 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 worth $699,756,000 after acquiring an additional 548,694 shares during the last quarter. 89.81% of the stock is owned by institutional investors.

Workday Stock Down 0.5%

Shares of Workday stock opened at $225.93 on Thursday. Workday, Inc. has a twelve month low of $205.33 and a twelve month high of $294.00. The company’s 50 day moving average is $234.59 and its 200 day moving average is $238.15. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The company has a market cap of $60.32 billion, a price-to-earnings ratio of 104.60, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11.

Workday (NASDAQ:WDAY) last released 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 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 the consensus estimate of $2.34 billion. During the same period in the previous year, the company 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. Research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling at Workday

In other Workday news, CFO Zane Rowe sold 6,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $232.62, for a total value 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. This trade represents a 3.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael M. Mcnamara sold 5,393 shares of the business’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 sale, the director directly owned 24,078 shares of the company’s stock, valued at approximately $5,662,182.48. The trade was a 18.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 264,933 shares of company stock valued at $61,475,760 in the last quarter. Insiders own 19.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on WDAY shares. UBS Group set a $304.00 price target on shares of Workday in a research report on Friday, August 22nd. Stifel Nicolaus reduced their price objective on Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a research report on Friday, August 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $304.00 price target on shares of Workday in a research note on Friday, August 22nd. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of Workday in a report on Wednesday, September 17th. Finally, 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 report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Workday presently has an average rating of “Moderate Buy” and an average price target of $287.86.

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.