Candriam S.C.A. Has $14.01 Million Stock Position in Workday, Inc. $WDAY

Candriam S.C.A. grew its holdings in Workday, Inc. (NASDAQ:WDAY) by 139.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,389 shares of the software maker’s stock after acquiring an additional 34,039 shares during the quarter. Candriam S.C.A.’s holdings in Workday were worth $14,014,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Dagco Inc. bought a new stake in Workday in the 1st quarter valued at about $31,000. Golden State Wealth Management LLC raised its position in shares of 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 buying an additional 133 shares in the last quarter. Physician Wealth Advisors Inc. bought a new stake in shares of Workday in the second quarter valued at approximately $42,000. Geneos Wealth Management Inc. grew its position in Workday by 211.7% during the first quarter. Geneos Wealth Management Inc. now owns 187 shares of the software maker’s stock worth $44,000 after buying an additional 127 shares in the last quarter. Finally, IMA Advisory Services Inc. acquired a new stake in Workday during the first quarter worth approximately $47,000. 89.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Workday

In related news, insider Richard Harry Sauer sold 2,320 shares of the firm’s stock in a transaction 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 sale, the insider owned 90,077 shares of the company’s stock, valued at $21,246,461.99. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael M. Mcnamara sold 5,393 shares of the business’s stock in a transaction 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 sale, the director owned 24,078 shares in the company, valued at $5,662,182.48. This represents a 18.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 264,933 shares of company stock valued at $61,475,760. 19.31% of the stock is owned by company insiders.

Workday Stock Down 1.1%

WDAY stock opened at $223.49 on Friday. The firm has a 50-day moving average price of $234.43 and a 200-day moving average price of $238.05. Workday, Inc. has a 12 month low of $205.33 and a 12 month high of $294.00. 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 capitalization of $59.67 billion, a P/E ratio of 103.47, a price-to-earnings-growth ratio of 2.82 and a beta of 1.11.

Workday (NASDAQ:WDAY) last released its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.12. The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Workday had a net margin of 6.51% and a return on equity of 9.74%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, equities research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on WDAY shares. DA Davidson lifted their price objective on Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 price target on shares of Workday in a research note on Wednesday, September 17th. Guggenheim upgraded shares of Workday from a “neutral” rating to a “buy” rating and set a $285.00 price objective on the stock in a research note on Wednesday, September 17th. BMO Capital Markets dropped their target price on shares of Workday from $314.00 to $285.00 and set an “outperform” rating for the company in a research report on Friday, August 22nd. Finally, Evercore ISI upped their price target on shares of Workday from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, September 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Workday has a consensus rating of “Moderate Buy” and an average price target of $287.86.

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.