Strs Ohio Takes $21.33 Million Position in Workday, Inc. $WDAY

Strs Ohio bought a new stake in Workday, Inc. (NASDAQ:WDAY) in the first quarter, Holdings Channel.com reports. The institutional investor bought 91,342 shares of the software maker’s stock, valued at approximately $21,331,000.

Other hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its holdings in shares of Workday by 76.1% in the first quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock valued at $28,000 after purchasing an additional 54 shares in the last quarter. Dagco Inc. purchased a new stake in shares of Workday in the first quarter valued at $31,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Workday in the first quarter valued at $32,000. Financial Management Professionals Inc. lifted its holdings in shares of Workday by 54.0% in the first quarter. Financial Management Professionals Inc. now owns 154 shares of the software maker’s stock valued at $36,000 after purchasing an additional 54 shares in the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of Workday in the first quarter worth $40,000. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WDAY. KeyCorp dropped their price target on shares of Workday from $325.00 to $285.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. Morgan Stanley set a $255.00 price target on shares of Workday and gave the stock an “equal weight” rating in a research note on Friday, May 23rd. Cantor Fitzgerald raised shares of Workday to a “strong-buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Workday from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Finally, Barclays dropped their price target on shares of Workday from $321.00 to $298.00 and set an “overweight” rating on the stock in a research note on Monday, August 18th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $286.81.

Insiders Place Their Bets

In other news, CEO Carl M. Eschenbach sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $239.43, for a total value of $1,496,437.50. Following the sale, the chief executive officer directly owned 1,472 shares of the company’s stock, valued at approximately $352,440.96. This trade represents a 80.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Zane Rowe sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $239.59, for a total value of $1,437,540.00. Following the completion of the sale, the chief financial officer directly owned 178,418 shares in the company, valued at approximately $42,747,168.62. This represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 318,380 shares of company stock valued at $76,586,604. 19.31% of the stock is owned by company insiders.

Workday Trading Down 1.4%

Workday stock opened at $223.39 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market capitalization of $59.65 billion, a price-to-earnings ratio of 103.42, a PEG ratio of 3.16 and a beta of 1.12. Workday, Inc. has a one year low of $205.33 and a one year high of $294.00. The company’s fifty day moving average price is $229.28 and its two-hundred day moving average price is $239.09.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 EPS for the quarter, topping the consensus estimate of $2.09 by $0.12. The firm 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 business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

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.