Versor Investments LP Has $1.19 Million Stock Position in Workday, Inc. $WDAY

Versor Investments LP increased its stake in shares of Workday, Inc. (NASDAQ:WDAY) by 18.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,970 shares of the software maker’s stock after buying an additional 765 shares during the period. Versor Investments LP’s holdings in Workday were worth $1,193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ANTIPODES PARTNERS Ltd acquired a new position in Workday during the 2nd quarter worth about $78,020,000. Covey Capital Advisors LLC acquired a new position in Workday during the 2nd quarter valued at about $1,325,000. Mesirow Financial Investment Management Inc. lifted its position in Workday by 3.5% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 1,527 shares of the software maker’s stock valued at $366,000 after purchasing an additional 51 shares during the period. Simon Quick Advisors LLC lifted its position in Workday by 18.9% during the 2nd quarter. Simon Quick Advisors LLC now owns 2,952 shares of the software maker’s stock valued at $708,000 after purchasing an additional 469 shares during the period. Finally, Strs Ohio lifted its position in Workday by 5.7% during the 2nd quarter. Strs Ohio now owns 96,507 shares of the software maker’s stock valued at $23,162,000 after purchasing an additional 5,165 shares during the period. Institutional investors and hedge funds own 89.81% of the company’s stock.

Insider Buying and Selling at Workday

In related news, major shareholder David A. Duffield sold 75,053 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $236.34, for a total transaction of $17,738,026.02. Following the completion of the sale, the insider directly owned 102,997 shares of the company’s stock, valued at approximately $24,342,310.98. This represents a 42.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Harry Sauer sold 2,320 shares of the stock in a transaction that occurred 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 directly owned 90,077 shares of the company’s stock, valued at approximately $21,246,461.99. The trade was a 2.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 264,933 shares of company stock worth $61,475,760 in the last quarter. Company insiders own 19.31% of the company’s stock.

Workday Stock Performance

Shares of NASDAQ:WDAY opened at $239.92 on Monday. The company has a market capitalization of $64.06 billion, a price-to-earnings ratio of 111.07, a P/E/G ratio of 2.99 and a beta of 1.10. The firm’s 50 day simple moving average is $234.48 and its 200 day simple moving average is $238.03. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.10 and a quick ratio of 2.10. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two 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, beating analysts’ consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. Workday’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, sell-side analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WDAY. Zacks Research downgraded shares of Workday from a “strong-buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. cut their target price on shares of Workday from $295.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, August 22nd. JMP Securities restated a “market outperform” rating and set a $315.00 target price on shares of Workday in a research report on Wednesday, September 17th. Stifel Nicolaus cut their target price on shares of Workday from $275.00 to $255.00 and set a “hold” rating on the stock in a research report on Friday, August 22nd. Finally, BMO Capital Markets cut their target price on shares of Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a research report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Workday currently has an average rating of “Moderate Buy” and an average price target of $287.83.

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.