Securian Asset Management Inc. Sells 50 Shares of Workday, Inc. $WDAY

Securian Asset Management Inc. reduced its stake in Workday, Inc. (NASDAQ:WDAY) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,335 shares of the software maker’s stock after selling 50 shares during the quarter. Securian Asset Management Inc.’s holdings in Workday were worth $2,720,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Workday by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock worth $4,810,404,000 after purchasing an additional 455,855 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position 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 worth $879,147,000 after purchasing an additional 1,211,659 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Workday by 0.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock worth $872,610,000 after purchasing an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position 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 worth $812,475,000 after purchasing an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC boosted its position 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 purchasing an additional 548,694 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WDAY shares. UBS Group set a $304.00 price target on Workday in a research report on Friday, August 22nd. Canaccord Genuity Group decreased their price objective on shares of Workday from $330.00 to $275.00 and set a “buy” rating for the company in a report on Friday, August 22nd. JMP Securities restated a “market outperform” rating and issued a $315.00 price objective on shares of Workday in a report on Wednesday, September 17th. Piper Sandler upgraded shares of Workday from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $220.00 to $235.00 in a report on Wednesday, September 17th. Finally, Stifel Nicolaus decreased their price objective on shares of Workday from $275.00 to $255.00 and set a “hold” rating for the company in a report on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $287.83.

Workday Price Performance

Shares of WDAY opened at $245.67 on Wednesday. The firm has a market cap of $65.59 billion, a PE ratio of 113.74, a P/E/G ratio of 3.01 and a beta of 1.10. 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 fifty day simple moving average of $232.48 and a two-hundred day simple moving average of $237.05. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, equities analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In other 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 transaction of $547,218.40. Following the completion of the sale, the insider owned 90,077 shares of the company’s stock, valued at $21,246,461.99. The trade was a 2.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 264,933 shares of company stock worth $61,475,760. Company insiders own 20.00% of the company’s stock.

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.