Y.D. More Investments Ltd Grows Stock Position in Workday, Inc. $WDAY

Y.D. More Investments Ltd grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 9.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,953 shares of the software maker’s stock after acquiring an additional 765 shares during the quarter. Y.D. More Investments Ltd’s holdings in Workday were worth $2,149,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WDAY. Brighton Jones LLC grew its position in Workday by 230.2% during the 4th quarter. Brighton Jones LLC now owns 4,005 shares of the software maker’s stock worth $1,033,000 after purchasing an additional 2,792 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Workday by 19.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,689 shares of the software maker’s stock worth $1,095,000 after buying an additional 763 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Workday by 15.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 353 shares of the software maker’s stock valued at $82,000 after buying an additional 46 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Workday by 5.2% during the first quarter. Wealthfront Advisers LLC now owns 12,642 shares of the software maker’s stock valued at $2,952,000 after buying an additional 626 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Workday by 3.3% in the 1st quarter. Victory Capital Management Inc. now owns 171,692 shares of the software maker’s stock valued at $40,095,000 after acquiring an additional 5,543 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Activity

In other news, CAO Mark S. Garfield sold 1,915 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $238.96, for a total value of $457,608.40. Following the transaction, the chief accounting officer owned 37,351 shares in the company, valued at $8,925,394.96. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael M. Mcnamara sold 5,393 shares of the firm’s 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 completion of the transaction, the director directly owned 24,078 shares in the company, valued at approximately $5,662,182.48. This represents a 18.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 264,933 shares of company stock worth $61,475,760. 19.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on WDAY shares. UBS Group set a $304.00 price target on Workday in a research report on Friday, August 22nd. Zacks Research cut Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Barclays lifted their target price on Workday from $285.00 to $288.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. TD Cowen cut their price target on shares of Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Finally, Bank of America reduced their price target on shares of Workday from $295.00 to $278.00 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $287.86.

Workday Trading Up 3.3%

Workday stock opened at $230.82 on Friday. The firm has a market cap of $61.63 billion, a PE ratio of 106.86, a P/E/G ratio of 2.88 and a beta of 1.11. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. The stock’s 50 day simple moving average is $234.43 and its two-hundred day simple moving average is $237.95. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33.

Workday (NASDAQ:WDAY) last posted its earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the business posted $1.75 EPS. The business’s 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. Analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current year.

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.