AlphaQuest LLC Purchases 1,630 Shares of Workday, Inc. $WDAY

AlphaQuest LLC grew its position in Workday, Inc. (NASDAQ:WDAY) by 636.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,886 shares of the software maker’s stock after purchasing an additional 1,630 shares during the period. AlphaQuest LLC’s holdings in Workday were worth $453,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Workday by 2.3% in the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock valued at $4,810,404,000 after purchasing an additional 455,855 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Workday by 47.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock valued at $879,147,000 after purchasing an additional 1,211,659 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Workday by 0.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,736,609 shares of the software maker’s stock valued at $872,610,000 after purchasing an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Workday by 35.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,479,105 shares of the software maker’s stock valued at $812,475,000 after purchasing an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC lifted its holdings in shares of Workday by 22.4% in the first quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock valued at $699,756,000 after purchasing an additional 548,694 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Guggenheim upgraded Workday from a “neutral” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Wednesday, September 17th. Wells Fargo & Company dropped their target price on Workday from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Monday, August 18th. Stifel Nicolaus dropped 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. Oppenheimer dropped their target price on Workday from $300.00 to $270.00 and set an “outperform” rating on the stock in a report on Friday, August 22nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $304.00 target price on shares of Workday in a report on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.83.

Workday Stock Performance

WDAY opened at $231.36 on Thursday. The business’s 50-day simple moving average is $234.00 and its 200 day simple moving average is $237.91. The firm has a market capitalization of $61.77 billion, a PE ratio of 107.11, a PEG ratio of 2.95 and a beta of 1.10. 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, Inc. has a 52-week low of $205.33 and a 52-week high of $294.00.

Workday (NASDAQ:WDAY) last announced its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. The firm had revenue of $2.35 billion for 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 was up 12.6% compared to the same quarter last year. 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, sell-side analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In other Workday news, CFO Zane Rowe sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $232.62, for a total transaction of $1,395,720.00. Following the transaction, the chief financial officer owned 168,468 shares of the company’s stock, valued at $39,189,026.16. The trade was a 3.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael M. Mcnamara sold 5,393 shares of the business’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 value of $1,268,217.88. Following the transaction, the director directly owned 24,078 shares in the company, valued at approximately $5,662,182.48. This trade represents a 18.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 264,933 shares of company stock valued at $61,475,760. 19.31% of the stock is owned by insiders.

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.