Workday, Inc. $WDAY Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,458 shares of the software maker’s stock after purchasing an additional 563 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Workday were worth $2,510,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its position in shares of Workday by 76.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 125 shares of the software maker’s stock worth $28,000 after acquiring an additional 54 shares in the last quarter. Dagco Inc. acquired a new position in shares of Workday in the 1st quarter worth approximately $31,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Workday in the 1st quarter worth approximately $32,000. Pinnacle Bancorp Inc. acquired a new position in shares of Workday in the 1st quarter worth approximately $40,000. Finally, BankPlus Trust Department acquired a new position in shares of Workday in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $237.52, for a total transaction of $1,484,500.00. Following the completion of the transaction, the chief executive officer owned 20,222 shares in the company, valued at approximately $4,803,129.44. The trade was a 23.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder David A. Duffield sold 78,564 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total value of $17,293,507.68. Following the transaction, the insider owned 102,997 shares of the company’s stock, valued at $22,671,699.64. This trade represents a 43.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 257,625 shares of company stock worth $59,749,934. Insiders own 19.31% of the company’s stock.

Workday Stock Down 2.1%

Shares of Workday stock opened at $233.18 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. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The business’s fifty day moving average price is $230.35 and its two-hundred day moving average price is $236.97. The company has a market capitalization of $62.26 billion, a P/E ratio of 107.95, a PEG ratio of 2.97 and a beta of 1.10.

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, 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 during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the firm posted $1.75 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, research analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on WDAY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Workday in a research report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their target price on Workday from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 22nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $304.00 price target on shares of Workday in a report on Friday, August 22nd. Wells Fargo & Company cut their price target on Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Finally, BMO Capital Markets cut their price target on Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Workday has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

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.