Acadian Asset Management LLC Acquires 269,771 Shares of Workday, Inc. $WDAY

Acadian Asset Management LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 2,448.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 280,790 shares of the software maker’s stock after buying an additional 269,771 shares during the period. Acadian Asset Management LLC owned approximately 0.11% of Workday worth $67,372,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of WDAY. Dagco Inc. acquired a new position in shares of Workday during the 1st quarter valued at $31,000. Golden State Wealth Management LLC increased its stake in Workday by 2,216.7% in the second quarter. Golden State Wealth Management LLC now owns 139 shares of the software maker’s stock valued at $33,000 after purchasing an additional 133 shares in the last quarter. BankPlus Trust Department bought a new stake in Workday in the first quarter valued at $40,000. Physician Wealth Advisors Inc. acquired a new position in shares of Workday during the second quarter valued at about $42,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Workday by 211.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WDAY. Oppenheimer decreased their target price on Workday from $300.00 to $270.00 and set an “outperform” rating for the company in a research report on Friday, August 22nd. TD Cowen decreased their price objective on Workday from $310.00 to $290.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. BMO Capital Markets lowered their target price on Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a research report on Friday, August 22nd. Stifel Nicolaus cut 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. Finally, Zacks Research lowered shares of Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Two investment 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $287.86.

Insider Transactions at Workday

In other news, CAO Mark S. Garfield sold 1,915 shares of the company’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 completion of the transaction, the chief accounting officer directly owned 37,351 shares of the company’s stock, valued at $8,925,394.96. This 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 at this hyperlink. Also, insider Richard Harry Sauer sold 2,320 shares of Workday stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total value of $547,218.40. Following the sale, the insider owned 90,077 shares in the company, valued at $21,246,461.99. This trade represents a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 264,933 shares of company stock worth $61,475,760. Company insiders own 20.00% of the company’s stock.

Workday Price Performance

Shares of NASDAQ:WDAY opened at $225.17 on Monday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.33. The stock has a market cap of $60.12 billion, a PE ratio of 104.25, a price-to-earnings-growth ratio of 2.81 and a beta of 1.11. The stock’s fifty day simple moving average is $234.83 and its two-hundred day simple moving average is $238.39. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00.

Workday (NASDAQ:WDAY) last announced its earnings results on Thursday, August 21st. The software maker reported $2.21 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 company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $1.75 earnings per share. The firm’s revenue for the quarter 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, analysts forecast that Workday, Inc. will post 2.63 EPS for the current fiscal 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.