New York Life Investment Management LLC Has $7.83 Million Stock Position in Workday, Inc. $WDAY

New York Life Investment Management LLC grew its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 2.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 32,636 shares of the software maker’s stock after buying an additional 787 shares during the quarter. New York Life Investment Management LLC’s holdings in Workday were worth $7,833,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Chicago Capital LLC raised its holdings in shares of Workday by 2.2% in the 2nd quarter. Chicago Capital LLC now owns 175,802 shares of the software maker’s stock worth $42,193,000 after acquiring an additional 3,824 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Workday by 33.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 32,055 shares of the software maker’s stock valued at $7,486,000 after buying an additional 8,093 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Workday by 21.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 30,370 shares of the software maker’s stock valued at $7,288,000 after buying an additional 5,300 shares during the last quarter. One Degree Advisors Inc purchased a new stake in Workday in the 2nd quarter valued at about $369,000. Finally, LBP AM SA increased its stake in Workday by 23.4% in the 2nd quarter. LBP AM SA now owns 50,676 shares of the software maker’s stock valued at $12,162,000 after buying an additional 9,606 shares during the last quarter. Institutional investors and hedge funds own 89.81% of the company’s stock.

Analyst Upgrades and Downgrades

WDAY has been the subject of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $340.00 price objective on shares of Workday in a research note on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Workday in a research note on Wednesday, October 8th. Piper Sandler upgraded shares of Workday from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $220.00 to $235.00 in a research note on Wednesday, September 17th. UBS Group set a $304.00 price objective on shares of Workday in a research note on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Workday from a “hold” rating to a “buy” rating in a research note on Sunday, July 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $287.83.

Insider Activity at Workday

In related news, major shareholder David A. Duffield sold 75,053 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $236.34, for a total value of $17,738,026.02. Following the completion of the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $24,342,310.98. This trade represents a 42.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard Harry Sauer sold 2,320 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $235.87, for a total transaction of $547,218.40. Following the completion of the transaction, the insider directly owned 90,077 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 264,933 shares of company stock worth $61,475,760 over the last 90 days. Corporate insiders own 19.31% of the company’s stock.

Workday Trading Down 2.4%

Shares of WDAY stock opened at $231.36 on Thursday. The company has a 50 day moving average of $234.00 and a 200-day moving average of $237.91. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. Workday, Inc. has a 12-month low of $205.33 and a 12-month high of $294.00. The firm has a market cap of $61.77 billion, a P/E ratio of 107.11, a PEG ratio of 2.95 and a beta of 1.10.

Workday (NASDAQ:WDAY) last issued its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.34 billion. During the same quarter last year, the business posted $1.75 EPS. Workday’s quarterly 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. Sell-side 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.