Workday, Inc. $WDAY Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 8.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,131 shares of the software maker’s stock after purchasing an additional 4,192 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Workday were worth $12,751,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Nuveen LLC purchased a new position in Workday in the first quarter valued at about $456,341,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Workday by 47.5% during 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 acquiring an additional 1,211,659 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings 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 acquiring an additional 913,613 shares during the period. Generation Investment Management LLP increased its stake in Workday by 36.6% in the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock valued at $678,117,000 after purchasing an additional 778,301 shares in the last quarter. Finally, Parnassus Investments LLC raised its holdings in Workday by 22.4% during the first 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 during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the topic of several research reports. Piper Sandler raised Workday from an “underweight” rating to a “neutral” rating and upped their target price for the company from $220.00 to $235.00 in a report on Wednesday, September 17th. BMO Capital Markets lowered their price objective on shares of Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a research note on Friday, August 22nd. KeyCorp dropped their target price on shares of Workday from $325.00 to $285.00 and set an “overweight” rating for the company in a report on Friday, August 22nd. Wells Fargo & Company reduced their price target on shares of Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Finally, TD Cowen lowered their price target on shares of Workday from $310.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average target price of $287.86.

Workday Trading Up 3.3%

Shares of WDAY opened at $230.82 on Monday. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. The company has a market capitalization of $61.63 billion, a PE ratio of 106.86, a price-to-earnings-growth ratio of 2.88 and a beta of 1.11. The stock has a fifty day moving average of $234.43 and a two-hundred day moving average of $237.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.10 and a current ratio of 2.10.

Workday (NASDAQ:WDAY) last announced its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 EPS 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 the consensus estimate of $2.34 billion. Workday had a return on equity of 9.74% and a net margin of 6.51%.The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, analysts forecast that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 78,564 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the transaction, the insider directly owned 102,997 shares in the company, valued at $22,671,699.64. This represents a 43.27% 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 firm’s stock in a transaction that occurred on 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 sale, the director directly owned 24,078 shares in the company, valued at $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 90 days, insiders have sold 264,933 shares of company stock worth $61,475,760. Corporate insiders own 20.00% of the company’s stock.

Workday Company 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.