Forsta AP Fonden Has $10.70 Million Position in Workday, Inc. $WDAY

Forsta AP Fonden cut its position in Workday, Inc. (NASDAQ:WDAY) by 9.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 44,600 shares of the software maker’s stock after selling 4,800 shares during the period. Forsta AP Fonden’s holdings in Workday were worth $10,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WDAY. Nuveen LLC acquired a new stake in shares of Workday during the first quarter worth $456,341,000. T. Rowe Price Investment Management Inc. increased its position in Workday by 47.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,764,598 shares of the software maker’s stock worth $879,147,000 after acquiring an additional 1,211,659 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in 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 worth $812,475,000 after purchasing an additional 913,613 shares in the last quarter. Generation Investment Management LLP boosted its holdings in Workday by 36.6% in the 1st quarter. Generation Investment Management LLP now owns 2,903,767 shares of the software maker’s stock valued at $678,117,000 after purchasing an additional 778,301 shares during the period. Finally, Parnassus Investments LLC boosted its holdings in 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 during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Workday

In other Workday news, insider Richard Harry Sauer sold 2,320 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder David A. Duffield sold 78,564 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $220.12, for a total transaction of $17,293,507.68. Following the completion of the transaction, the insider directly owned 102,997 shares of the company’s stock, valued at $22,671,699.64. This trade represents a 43.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 264,933 shares of company stock valued at $61,475,760. Company insiders own 19.31% of the company’s stock.

Workday Stock Down 1.1%

NASDAQ WDAY opened at $223.49 on Friday. The business has a fifty day moving average price of $234.43 and a two-hundred day moving average price of $238.05. The stock has a market capitalization of $59.67 billion, a PE ratio of 103.47, a PEG ratio of 2.82 and a beta of 1.11. Workday, Inc. has a fifty-two week low of $205.33 and a fifty-two week high of $294.00. 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 (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, beating the consensus estimate of $2.09 by $0.12. Workday had a return on equity of 9.74% and a net margin of 6.51%.The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the company posted $1.75 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on WDAY shares. Piper Sandler raised shares of Workday from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $220.00 to $235.00 in a report on Wednesday, September 17th. BMO Capital Markets reduced their price target on Workday from $314.00 to $285.00 and set an “outperform” rating on the stock in a research report on Friday, August 22nd. Zacks Research lowered Workday from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. DA Davidson upped their target price on Workday from $225.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Finally, Citigroup increased their target price on Workday from $260.00 to $261.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $287.86.

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.