Workday, Inc. $WDAY Shares Acquired by Auto Owners Insurance Co

Auto Owners Insurance Co lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 43.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,100 shares of the software maker’s stock after purchasing an additional 12,200 shares during the quarter. Auto Owners Insurance Co’s holdings in Workday were worth $9,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in Workday by 15.2% in the first quarter. Private Trust Co. NA now owns 318 shares of the software maker’s stock valued at $74,000 after acquiring an additional 42 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in Workday by 1.0% in the second quarter. Verdence Capital Advisors LLC now owns 4,381 shares of the software maker’s stock valued at $1,051,000 after acquiring an additional 45 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Workday by 15.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock valued at $82,000 after acquiring an additional 46 shares during the last quarter. AE Wealth Management LLC boosted its holdings in Workday by 0.4% in the first quarter. AE Wealth Management LLC now owns 11,896 shares of the software maker’s stock valued at $2,778,000 after acquiring an additional 46 shares during the last quarter. Finally, Bristlecone Advisors LLC boosted its holdings in Workday by 1.6% in the first quarter. Bristlecone Advisors LLC now owns 2,968 shares of the software maker’s stock valued at $693,000 after acquiring an additional 47 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WDAY. Wall Street Zen upgraded Workday from a “hold” rating to a “buy” rating in a report on Sunday, July 13th. Stifel Nicolaus reduced their target price on Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a report on Friday, August 22nd. KeyCorp reduced their target price on Workday from $325.00 to $285.00 and set an “overweight” rating on the stock in a report on Friday, August 22nd. Barclays raised their price objective on Workday from $285.00 to $288.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Finally, Zacks Research raised Workday from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Workday presently has a consensus rating of “Moderate Buy” and a consensus price target of $287.83.

Insider Buying and Selling at Workday

In other news, Director Michael M. Mcnamara sold 5,393 shares of Workday stock in a transaction dated Friday, October 10th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mark S. Garfield sold 1,915 shares of Workday stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $238.96, for a total value of $457,608.40. Following the sale, the chief accounting officer directly owned 37,351 shares in the company, valued at approximately $8,925,394.96. The trade was a 4.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 264,933 shares of company stock valued at $61,475,760. Company insiders own 20.00% of the company’s stock.

Workday Trading Down 0.8%

NASDAQ:WDAY opened at $236.93 on Wednesday. The business’s 50-day moving average is $233.92 and its two-hundred day moving average is $237.87. 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 12 month low of $205.33 and a 12 month high of $294.00. The firm has a market capitalization of $63.26 billion, a PE ratio of 109.69, a price-to-earnings-growth ratio of 2.98 and a beta of 1.10.

Workday (NASDAQ:WDAY) last announced its 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 business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company earned $1.75 earnings per share. The company’s revenue for the quarter 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 predict 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.