First Long Island Investors LLC Makes New Investment in Workday, Inc. $WDAY

First Long Island Investors LLC purchased a new position in Workday, Inc. (NASDAQ:WDAY) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,500 shares of the software maker’s stock, valued at approximately $4,087,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Workday by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker’s stock worth $4,810,404,000 after buying an additional 455,855 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in 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 worth $879,147,000 after buying an additional 1,211,659 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in 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 worth $872,610,000 after buying an additional 14,354 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew 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 buying an additional 913,613 shares in the last quarter. Finally, Parnassus Investments LLC grew its stake in Workday by 22.4% in the 1st quarter. Parnassus Investments LLC now owns 2,996,429 shares of the software maker’s stock worth $699,756,000 after buying an additional 548,694 shares in the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Workday Trading Up 0.1%

Shares of WDAY opened at $226.67 on Friday. The stock has a market capitalization of $60.52 billion, a P/E ratio of 104.94, a PEG ratio of 3.16 and a beta of 1.12. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $229.65 and a two-hundred day simple moving average of $239.31. Workday, Inc. has a twelve month low of $205.33 and a twelve month 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 the consensus estimate 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 revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.75 EPS. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts anticipate that Workday, Inc. will post 2.63 EPS for the current year.

Insider Activity

In other Workday news, CEO Carl M. Eschenbach sold 6,250 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $239.43, for a total transaction of $1,496,437.50. Following the completion of the sale, the chief executive officer owned 1,472 shares of the company’s stock, valued at $352,440.96. This represents a 80.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder David A. Duffield sold 72,551 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $239.61, for a total transaction of $17,383,945.11. Following the sale, the insider directly owned 102,997 shares of the company’s stock, valued at $24,679,111.17. The trade was a 41.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 318,380 shares of company stock worth $76,586,604. 19.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WDAY shares. UBS Group set a $304.00 price objective on shares of Workday in a research note on Friday, August 22nd. Bank of America cut their price objective on shares of Workday from $295.00 to $278.00 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Morgan Stanley set a $255.00 price objective on shares of Workday and gave the company an “equal weight” rating in a research note on Friday, May 23rd. KeyCorp cut their price objective on shares of Workday from $325.00 to $285.00 and set an “overweight” rating for the company in a research note on Friday, August 22nd. Finally, Barclays cut their price objective on shares of Workday from $321.00 to $298.00 and set an “overweight” rating for the company in a research note on Monday, August 18th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $286.81.

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.