iA Global Asset Management Inc. Increases Position in Workday, Inc. $WDAY

iA Global Asset Management Inc. lifted its holdings in Workday, Inc. (NASDAQ:WDAY) by 59.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 54,480 shares of the software maker’s stock after purchasing an additional 20,370 shares during the quarter. iA Global Asset Management Inc.’s holdings in Workday were worth $13,075,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Workday by 2.3% in the 1st 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. increased its stake in shares of Workday by 47.5% in the 1st 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 increased its stake in shares of Workday by 0.4% in the 1st 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 increased its stake 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 valued at $812,475,000 after purchasing an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC increased its stake in shares of Workday by 22.4% in the 1st 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. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insider Transactions at Workday

In related news, Director Michael M. Mcnamara sold 5,393 shares of the company’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 represents a 18.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder David A. Duffield sold 78,564 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $220.12, for a total value of $17,293,507.68. Following the completion of the transaction, the insider owned 102,997 shares in the company, valued at $22,671,699.64. This represents a 43.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 264,933 shares of company stock valued at $61,475,760 in the last ninety days. 19.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on WDAY. Royal Bank Of Canada reiterated an “outperform” rating and set a $340.00 price objective on shares of Workday in a research note on Wednesday, September 17th. Citigroup cut their price objective on Workday from $279.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $265.00 price objective on shares of Workday in a research note on Wednesday, September 17th. JMP Securities reiterated a “market outperform” rating and set a $315.00 price objective on shares of Workday in a research note on Wednesday, September 17th. Finally, Zacks Research lowered Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Workday presently has an average rating of “Moderate Buy” and an average price target of $287.83.

Workday Price Performance

WDAY stock opened at $239.92 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. The business has a 50 day simple moving average of $234.48 and a 200-day simple moving average of $237.96. The firm has a market capitalization of $64.06 billion, a PE ratio of 111.07, a price-to-earnings-growth ratio of 2.99 and a beta of 1.10. Workday, Inc. has a 1 year low of $205.33 and a 1 year high of $294.00.

Workday (NASDAQ:WDAY) last posted its quarterly earnings results on Thursday, August 21st. The software maker reported $2.21 earnings per share (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 analyst estimates 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 period in the prior year, the business earned $1.75 earnings per share. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Equities research analysts anticipate that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday 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.